In a bull market, it is not necessary to get everything perfectly accurate; having a general direction is sufficient. The focus should be on choosing the right investment direction rather than frequently buying and selling. Why do many people still lose money in a bull market? It’s because during a bull market, everyone is particularly afraid of missing out (FOMO), and there are money-making news everywhere, dazzling people. Every day you can hear stories of someone becoming rich overnight, and in this particularly restless atmosphere, most people cannot remain calm and rational. Therefore, in a bull market, we should learn to simplify and understand the importance of giving up some opportunities. Take coins like FIL, EOS, and ARB for example; they may have significant price increases, but my strategy is to make a profit and then quickly exit.

We should focus the majority of our energy on seizing the main investment direction, while dedicating a smaller portion of our energy to participate in some small investment opportunities. Even if we misjudge a small opportunity, we won’t miss out on the overall gains brought by the bull market. But if we make the right judgment, we can achieve significant success in a bull market. In summary, in investing, choosing the right direction is more important than blindly working hard.