Don't short in a bull market, don't go long in a bear market; don't sell at a loss in a bull market, don't chase up in a bear market
1. In a bull market, don't rush to buy and sell frequently to make a quick buck, wait patiently for the right opportunity to buy high-quality currencies; and when considering selling, once you reach your set profit target, you must act decisively without hesitation.
2. When the overall market trend is upward, if there is a short correction, it is a good time to increase your position; on the contrary, in a downward trend, if there is a sudden small rebound, it is often a signal to reduce your position or leave the market.
3. Don't invest all your funds at once, but buy in batches, which can reduce risks. If you buy all your positions at once, you may suffer heavy losses in case of a market reversal.
4. Whether you are shorting or going long, there is a chance to make money. The key is to grasp the trend and control risks. But remember not to be greedy and always want to make every penny, because greed often makes people lose their minds and eventually lead to losses.
5. When the profit reaches your expected target, you should consider stopping. Don't always think about making every last penny in the market, which is often the most dangerous.
