Will the raging bull market come again? Do the bull market rules still apply?
Rule 1: Every major drop in a bull market is an opportunity to get in, especially during the New Year, when there is usually a pullback, making it a great time to increase your position.
Rule 2: Do not frequently change coins, and do not overly worry if the coins you hold have not risen yet; just hold on patiently.
Rule 3: Do not overly diversify your investments, and do not focus on too many sectors; choose leading coins in the same sector to invest heavily in, as both are necessary but not overly burdensome.
Rule 4: Timely realize part of your profits, and let the rest continue to grow. After a significant drop, increase your position to seize low-price opportunities, which will lower your average cost.
Most importantly, avoid leverage contracts; in the current market, the fastest way to lose is through leverage contracts. The volatile market is expected to continue until early January next year, and the best approach in this market is to reduce trading frequency and not be misled by candlestick charts.
In summary, trading cryptocurrencies is also a technical skill, and one must overcome the restless human nature. Just like holding PU.ppies, although there are ups and downs, reducing trading frequency will prevent loss of transaction fees. Firmly hold for the long term and wait for the moment when the market arrives.
