There have been many complaints in the market and in major communities recently. Many people believe that the current bull market is not a profitable one, and some people are even losing money. It is particularly important to recognize the following points:
1. The importance of currency screening
The altcoin was cut in half in April, recovered slightly in May, and suffered another blow in June. Most of the currencies that are rising in the market are strong or hot currencies. This shows that in the current market environment, currency screening is particularly important. Bitcoin has broken through the high point of the last bull market. If you are still losing money, you may need to reflect on whether there is a problem with your trading strategy.
2. Risk management and mentality adjustment
It has never been easy to make money in the currency circle. To succeed in this circle, the key is to do a good job of risk management and adjust the trading mentality. Some people expect to get ten times or even a hundred times the return in the bull market, but in fact, it is quite good to double it. Lower expectations and avoid greater losses due to high expectations. As long as these two points are done well, even if you can't get rich overnight, you can beat 80% of people.
3. Market analysis
The current market seems to have entered the wash stage. When most people think that the bull market has arrived, you need to be extra careful: buy when the market is down and sell when the market is booming. Recently, the price of altcoins has fallen again and again, and market panic has gradually heated up. But when most people choose to leave the market, the dealer's purpose may have been achieved.
