The Issue of Holding Spot in the Crypto Market
Recently, I've noticed that many friends involved in spot trading have lost money. When I talked to them, I found that most of them were "tricked" by a viewpoint that is, "you should just hold your spot positions without thinking."
Ah, you really can't believe that completely!
Think about it, there are so many voices in the market saying that you should hold your spot positions, but if you really do that, the results are often disappointing.
Why is that?
Because many people don't understand what bull and bear cycles are, and just blindly hold, but when they encounter a black swan event, those "experts" disappear, leaving a bunch of retail investors in disarray.
I find it hard to understand those who say you can mindlessly hold spot positions.
Things like "as long as you don’t cut losses, the big players can't cut you" and "if you hold from the bear market to the peak of the bull market, you can make money," just listen and forget; don’t take them seriously.
Most people can't even distinguish between bulls and bears, yet they chase highs and sell lows. How can they be so precise in buying and selling?
Spot trading is really not as simple as mindlessly holding.
The market has cycles; you need to know when to hold and when to let go.
Just like stock trading, you must have risk awareness; you can't just think about making money without considering the risks.
For retail investors with small capital, you definitely can't be easily trapped.
You need to operate flexibly and pay attention to significant downward trends to accelerate wealth accumulation.
Don’t easily get trapped for months or even years; that could lead to huge losses.
So, how should small-cap spot traders make profits?
I think the best method is to develop a certain strategy and operate in cycles.
You don’t have to hold positions mindlessly all the time, nor do you need to frequently make short-term trades; finding a rhythm that suits you is the most important.
So, friends involved in spot trading, don’t blindly follow the trend anymore.
You need to have your own judgment and your own strategy; that's how you can stand firm in the market.
Remember, a good strategy leads to good returns, and small capital can also achieve significant profits in long-term trading.
If you're unsure about the current market situation, you can come to me; it might help you.
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