Positioning is very important! Never go all in; always keep some 'bullets' in hand to respond promptly to market changes.

Think about position management and your trading mindset. Give yourself a positioning and be clear about what you want.

For short-term trading, refer to the selling point near the resistance level. If it goes up, don’t regret it; you were originally a short-term participant, so just move on to the next opportunity. If you hesitate to sell when it rises, thinking about holding for the long term, but then want to trade short when it drops, this mindset will only torment you.

If you are a long-term player looking to hold, don’t be afraid of mid-course pullbacks. Focus on the results, not the process, and of course, you must endure a 50% or even 100% drawdown. The entire bull market consists of continuous pullbacks followed by rises, with an oscillating upward rhythm. For those trading in waves, you can reduce your position when it rises, but after reducing, if the price pulls back, you must buy back to avoid missing out and chasing the highs.