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In the last bull market, I made 12 million from 70,000 through , and now I support my family through . I have summarized my hard-earned experience.
Once the rise begins, it will definitely not end easily, so the large pullbacks that occur in the early stage are all to clear the long leverage, so don't be afraid, keep a good mentality.
In a bullish market, it's best to wait for a pullback if your position is not fully loaded. It's preferable for BTC to drop by more than 20 points before filling up with value coins. Otherwise, if you go all in at a high point, you'll easily get injected. Most people can't withstand a drawdown. Make sure to manage your positions well and it's best to allocate to several key sectors. If you go all in on one sector and it remains stagnant while others rise, it's the most frustrating. You chase after it and get stuck again, those who sold off will take off in a few days. Many people have experienced this situation.
Therefore, either do not buy, or if you buy, you must hold firmly. You will always wait for your coin to rotate. Even the worst coins will have a fivefold increase in a bull market.
Ten times.
4. The market always rises in disagreement. What many people curse is often an opportunity, while risks arise when everyone is optimistic. 5. Don't always try to trade short-term by buying high and selling low. Once you get off halfway, you'll find it hard to get back. Playing around with short-term trading, you'll realize that it's not going back to the basics.
It's better to earn more by lying still than others do.
6. Every time there is a market correction, there will be widespread panic, saying that the bull market is over. In fact, at least three or four major corrections must be experienced before the bull market may end. So don't be afraid, you must have a big picture. As long as you can hold on, as long as you are not holding garbage coins, even if they perform poorly, they can still increase by five or ten times. After a bull market cycle, making twenty or thirty times on spot trading is really not a big deal.