These days' market trends have left those who were bearish, shorting, or missing out in October and November dumbfounded.
Ripple (XRP) has quadrupled in a month, Tron (TRX) doubled in just one day, and even EOS has skyrocketed threefold in a month.
Recently, those who were bullish on Solana (SOL), Binance Coin (BNB), and Dogecoin (DOGE) are confused; after finally cutting losses and switching positions, why does it go stagnant when I buy, and why does it skyrocket when I sell? This is a classic case of 'chasing highs and cutting losses,' resulting in self-inflicted wounds.
Logically speaking, many people wonder, how could I do something so foolish? Surely, I bought before prices rose and sold when they did.
If you can't read the market, you won't be able to judge when prices will drop, when to buy the dip, when the rally will end, and when to sell at the top. Chasing prices means you will inevitably be reactive and experience the consequences of chasing highs and cutting losses.
When the market isn't moving, it's fine because everyone is in a similar position, just stuck without movement. But once the market starts, when you see altcoins taking off one after another, you'll feel like an ant on a hot pan, anxious and restless.
Chasing a position while fearing missing out leads to panic selling, then chasing again, and selling off. In a bull market, lacking the capability and expertise means missing out.
Chasing highs and trending stocks, profits come without sufficient understanding of the market. At this point, one might feel euphoric, thinking the market isn't that complicated. Look, I know nothing and still make money, right?
Lei Jun said: Stand on the wind's edge, and even pigs can fly.
But Jack Ma said: When the wind passes, it's the pigs that fall.
At this moment, you're not far from liquidation.
Earlier, on November 2nd, leading fans to enter XRP around 0.5, it has now yielded a profit of 440%.
On November 21st, entering ENS around 17.5 has yielded a profit of 140%.
In the crypto space, wealth matches knowledge.
Follow Brother Qiang's lead, eat well.
This week, I will lead the fan group to layout potential explosive coins, doubling is very simple.
Top-tier news, top-tier layouts, the same opportunities, the same growth, priority for the fan group.
At the same time, I am also looking for meme coins on the Solana chain, aiming for a 30x return by the end of next year's bull market.
