In a bull market, how to proceed step by step to ensure continuous asset growth!
1. Double, gradually sell out the principal
The main purpose of doing this is to bring the psychological cost down to 0, so there won't be so much mental entanglement, and you can hold on.
If the price drops, the principal has already been taken out, and what's left is profit, so it’s just a matter of how much you make.
If the price rises, more than half of the chips are still in profit.
2. In a bull market, never sell all good stocks; you must keep some core holdings
After the first step, the remaining core holdings are essentially at 0 cost. If the price continues to rise, you can gradually reduce your holdings, but don't sell everything. Because after completing the first step, your mindset becomes very proactive, making this step easy to execute.
3. Keep the cycle going, allowing assets to continuously grow
With the foundation laid in steps 1 and 2, you still have chips in hand. Wait for opportunities to buy good stocks. If good stocks rise, you can loop back to steps 1 and 2.
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