In the new year, we need to figure out how to make money in the market:
1. Mindset:
Stay calm about Bitcoin's volatility and don't let it affect your emotions. Right now, BTC is like a barometer for the market; its ups and downs have less impact on many altcoins than before. Don’t start doubting whether the bull market is over or if a bear market is coming just because BTC is fluctuating. Such doubts are meaningless, as the trends of altcoin seasons and some potential positive factors in the future suggest that these short-term fluctuations are merely turnover actions within a bull market.
2. Expectations:
Before buying spot, be clear about how much you expect to earn, such as 50% or doubling your investment. If you're aiming for a 5x return, set a goal before deciding if it's worth pursuing. When looking at the characteristics of altcoins, don’t just focus on the candlestick charts; also consider market capitalization, unlocking plans, and roadmaps to see if there are opportunities that could lead to performance in the market. Don’t just look at good market conditions and ignore these fundamentals.
Trigger points:
① Future positive news
② Holdings by celebrities or institutions
③ Increased enthusiasm in sector funds
3. Positioning:
This has always been a key point. When the market is good, remember to take some profits out; don’t wait for a complete doubling. In a sluggish market, only enter the base position when you see clear trigger points; don’t gamble with your entire holdings unless there is certain positive news.
When the market is good, don’t chase prices blindly. Be steady, have good stop-loss strategies, and if you hit your stop-loss, you won't lose much. When the next opportunity arises, you might just be able to double back the money lost on the stop-loss.
