People who make big money in bull markets usually experience fluctuations and persevere, because bull markets do not continue to rise, but are often accompanied by violent corrections. However, short-term market adjustments are often difficult to predict accurately, even for the main players.
If you choose to stop loss on every pullback, you may suffer heavy losses, and if you close your position early, you may miss good opportunities. Therefore, if you want to make profits in the bull market, you need to have patience and persistence. If you can endure it, you will stand out. If you cannot endure it, you may be eliminated by the market.
There is a contradiction between wanting to make big money in the crypto market but not being willing to bear the risk of a correction. Even if you choose the right currency and the price of the currency increases 10 times, if you invest less money, the benefits will be limited. However, if you are confident and invest more, you may get higher returns.
If the currency you choose is correct, but it experiences a 50% plunge after buying it, goes sideways for three months, and finally rises 100 times, most people will have sold out during the plunge and sideways stages. Therefore, only those who have in-depth understanding and confidence in the project, and firmly believe that its value will eventually return, can persist until the end and become loyal holders.
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