In this bull market, what are the things you must know?
1. Don't easily get tricked into losing low-priced chips; stay firm in your beliefs to prevent manipulation by market makers;
2. Chasing highs and cutting losses, entering and exiting with all your capital is always a taboo; the overall trend is favorable, building positions gradually during declines is less risky than chasing highs, has lower costs, and greater profits;
3. Distribute profits reasonably to maximize the release of funds, rather than continuously increasing your position;
4. In case of sudden price increases, take profits; in case of sudden price drops, hold onto your coins; maintain a proper mindset at all times: do not speculate, do not be impatient, do not be greedy, do not be fearful, and do not engage in unprepared battles;
5. Low-priced coins in ambush or private placement rely on experience and betting on the future of the coin by market makers; the subsequent secondary market game relies on technical analysis and news to follow the market makers—do not get the order of things reversed, or it will end in chaos.
6. Position building and unloading must be layered and segmented, gradually widening the price range to effectively control the risk and profit ratio;
7. Familiarize yourself with the ripple effect; when trading coins, observe the market trends while keeping an eye on the movements of other coins; each coin is not isolated in the overall market; seemingly unrelated, they are actually interconnected; understand the ripple effects and fully utilize consulting tools and apps;
8. Reasonable asset allocation is essential; the allocation of hot coins and value coins should be rational, paying attention to the ratio of pressure resistance and profit intake; being too conservative may lead to missed opportunities, while being too aggressive may face high risks! The main characteristic of value coins is stability, while the main characteristic of hot coins is extreme volatility, which may lead to skyrocketing or plummeting in a single battle.
9. Investing spare money is fundamental; having coins in the market, liquidity in the account, and cash in your pocket is the safest and most reassuring standard; do not go all in; the grasp of risk control and reasonable fund allocation is key to determining your mindset and success.