Before investing, make sure you understand what strategy you are doing.
If buying at point A is a long-term investment strategy, buying at point B is a short-term investment strategy.
And the concept is "because it's rising every day, cut in the middle and take a ride." One can think of the logic behind it as "the market unanimously agrees that this subject has potential for development, so it gradually attracts more funds." If the precise take-profit is at the highest point of 3.9 (close to 4), it means you have a good vision. Top investors clearly understand that the short-term premium is too large. But we don't have to be such top investors to get similar profits.
If you set a profit stop of 20%, your profit may be about 10% less than that of top investors. But if there is no limit to greed for more and higher points, as shown in the figure, not only will you miss out on profits, but you may even sell out of fear of losing money in the next big drop. Even if there is no fear of selling, you will not make any profit at all from the position you hold until now. So, if the funds have been detained in ARKM until now, does it really meet the concept of short-term investment strategy?
