I wonder how many people have personally experienced the real extreme market conditions other than the top of the bull market?
Recalling October 25, 2019 (43% increase after a sleep)
March 12, 2020 (52% drop after a sleep),
I was deeply shocked by these two experiences. The former was watching the price rise for 8 hours without stopping overnight, and the latter was closing the position in a hurry during the live broadcast only to find that BM had unplugged the network cable.
Therefore, I still maintain absolute awe of this market. Many people see that the price has been rising slowly and fluctuating for a long time, and they think that the market will always remain volatile, but they don’t know that one day a big positive line will completely throw him off the car.
There are also some people who see that the price has been fluctuating for a long time and think that the price will always remain in this range. Seeing the risks, they still simply think that "you can't chase the rise and kill the fall", so a wave of trend market that does not slow down completely ruins him.
In a volatile market, chasing the rise and killing the fall is a taboo, but the volatile market will end sooner or later. Don't keep the mindset of "can't fall" or "can't rise" in a price range for a long time, and don't listen to other people's opinions on this.
Set your own breakthrough, profit-taking, and stop-loss conditions. When the price sends a signal, don't hesitate and execute it resolutely.
Don't hesitate! Don't dither! Don't have illusions! Don't leave any luck! You must execute the plan you have made!
The farthest distance in the world is not the distance between the Mariana Trench and Mount Everest, but the distance between knowing and doing.