In the cryptocurrency world, the "80/20 rule" is prevalent, meaning that 80% of the time the market fluctuates mildly, and real profit opportunities only account for 20%. Since it's impossible to predict when these opportunities will arise, you must always remain in the market. Therefore, position management is crucial; you should not remain fully out of the market while waiting for a rise, nor should you be fully invested chasing highs. The ideal approach is to maintain a heavier position during upward trends and a lighter position during downturns.

However, many people tend to adopt the wrong strategy, continuously increasing their positions as prices rise and lightening their positions when prices fall. This inverted pyramid approach can lead to significant losses when the market reverses, akin to gambling: feeling good with small wins but potentially losing all previous profits when making a large bet.

Investing should go against human nature: "Be greedy when others are fearful, and be fearful when others are greedy." At market peaks, when everyone is chasing prices, you should withdraw, and enter the market again at lows. Although this counterintuitive approach may feel uncomfortable, successful investors are often those who can do this.

Greed stems from the hope of recovering losses through the rise of a particular coin, leading to reluctance to sell as prices increase, which is a very dangerous mindset. You need to learn to take profits at the right time, just like eating fish—only eat the middle part; the head and tail are not good.

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