In the cryptocurrency world, the "80/20 rule" is commonly observed, where 80% of the time the market fluctuates mildly, and real profit opportunities only account for 20%. Since it is impossible to predict when these opportunities will arise, you must always remain in the market. Therefore, position management is crucial; you should not remain in cash waiting for a rise, nor should you be fully invested chasing highs. The ideal approach is to maintain a heavier position during rises and lighten your position during declines.

However, many people often adopt the wrong strategy by continuously increasing their position as prices rise, but lightening their position when prices fall. This inverted pyramid approach can lead to significant losses when the market reverses, similar to gambling: feeling pleased with small profits when betting low, but once taking a big risk and facing losses, all previous profits may evaporate in an instant.

Investing requires going against human nature: "be greedy when others are fearful, and be fearful when others are greedy." At market highs, when everyone is chasing prices, you should withdraw your chips, and enter the market again at lows. Although this contrarian approach may feel uncomfortable, successful investors are often those who can do this.

Greed stems from the hope of recovering losses through the rise of a single coin, hence becoming increasingly reluctant to sell as prices rise, which is a very dangerous mindset. Learn to take profits at the right time, just like eating fish, where you should only eat the middle section, as the head and tail are not good.

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