The difference for retail investors in the secondary market lies in who has U when the price drops; that person will outperform others!
So, if you want to survive in the secondary market and achieve your goals, remember to sell some when the price reaches your psychological level! Don’t sell none, and don’t sell all!
If you are holding for the long term, that's a different matter; don’t worry too much about the short-term price fluctuations.
I see a coin potentially rising to 5 dollars, but I won’t buy at 1 dollar because the investment return might not be better than Bitcoin or Ethereum.
But if it drops to 0.5, and I plan to invest 2000U, I will buy 50% of the position, first buying 1000U, while a normal person would buy all.
If it rises at this time, I will treat it as if I only invested 1000U, and follow the rising plan; when it reaches the resistance level, I will sell some, and if it drops, I will buy again. If it goes up directly without dropping, I still have positions, and my long-term position remains unchanged! This investment can also be considered a success, just a bit regrettable that I only invested 1000U instead of the planned 2000U, but I can use the remaining 1000U to buy other coins. The crypto market is not short of projects; there are many low-priced good projects. Trading is like life; there’s no perfect trade.
But if I bought this coin at 0.5 and it hasn’t risen, dropping to 0.25, I can use the remaining 1000U to buy 500U again, and if it rises, I will operate as before.
If it drops to 0.1 again, I still have the last 500U to buy!
But if it drops further, I will accept it; it was my mistake for not analyzing the project well before investing, and it’s not someone else’s fault.
Such operations have happened too many times in my years of trading in the secondary market, and I have continuously improved my ability to research projects.
So in my trading system, if the coins I bought drop, it won’t create negative emotions for me, nor will it affect my mindset, because what impacts your trading success the most is your investment mentality.
The premise is that you need to have a good plan. Returning to that initial statement: the difference for retail investors in the secondary market lies in who has U when the price drops; that person will outperform others!
This isn’t about family wealth or assets, but rather about wisdom and self-discipline.
No matter how much wealth you have or how rich your father is, when you see a coin and it reaches the lowest price, you can only watch!