In a bull market, don't overdo it!
Yesterday I chatted with a friend in the currency circle. She can make $100,000 a month. I asked her how she did it. She said that she mainly made money through trading, buying low and selling high. This lasted for half a year. She did not participate in the big craze of inscriptions, nor did she lose Bitcoin. This is really an amazing achievement.
Everyone has their own way of making money. In short, as long as you can make money and keep it, it is right. Don't say that you should make money in the right way. We should not make money that should not be made.
There is no right or wrong in the way of making money and money itself. They are neither good nor evil, and have no emotions. Therefore, you should not treat money and the way of making money with personal emotions or prejudices.
Everything should be result-oriented. As long as you make money, it is right.
Money is like this. Once you have a prejudice and you hate it, it will feel it and will immediately leave you and run to people who know how to appreciate it.
In a bull market, the only thing you need to do is buy. Instead of buying and selling. This behavior is meaningless and will make you miss a lot of gains. You just need to buy and hold it, no matter how much money you invest, just hold it. Holding it may not make you rich, but this asset may also be worthless. However, if you don't sell it, you won't make the mistake of "selling it at a loss"
Because those who buy and sell it are the same as you, the probability of returning to zero is the same. If you hold it and don't sell it, you naturally exclude the possibility of "selling it at a loss", and you are just following the trend. Therefore, compared with those who buy and sell frequently, you have a greater chance of winning and a higher chance of getting rich
Everyone knows that they should hold it, but some people find it difficult to do so. So, what should be done?
I think the best way is not about cognition or understanding of the project. Because you can never fully understand the whole situation of a project, you can never know all the reasons for the rise and fall
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