When the entire network is bearish, recently there has been a sudden wave of bearish sentiment towards $SIREN across the entire network. This fundamentally solid project has suddenly fallen into a whirlpool of public opinion, and to be honest, it's a bit alarming.
Fortunately, the principal has long been secured, and now I've decided to withdraw part of the profits — after experiencing too many lessons from adding positions during violent surges only to be stuck, this time I've made up my mind: I will not easily add positions unless there is a proper pullback.
I recall the blood and tears from my previous trading history: I built a position in Dogecoin at a cost of 0.07, and when it rose to 0.48, I had a paper profit of 7 times, which was a perfect start. However, during the first pullback to 0.3, I hurriedly added to my position, trying to replicate the myth of 'buying low and selling high'; when it fell below 0.2, I again added to my position with a 'bottom-fishing' mentality, until the price dropped to the 0.1 range, by which point I lost my courage and watched helplessly as my position shrank in panic.
This pattern of 'greedily adding positions during surges and fearfully cutting losses during drops' essentially reflects a lack of strong will and belief. When market sentiment diverges from technical indicators, the absence of commitment to underlying logic ultimately turned a 7-fold profit start nearly into a loss.
Now, faced with the reversal of public opinion on #SIREN, I am more willing to rationally cut emotions: the safety cushion of the principal has been solidified, and I choose a 'staggered profit-taking' approach for the profit portion, preserving my trust in the project's fundamentals while using position management to resist market emotional fluctuations.
Remember, the first rule of survival in the crypto market is always — surviving is more important than making money, especially when the tide goes out, the bullets in your hand are always more precious than the numbers on the balance sheet.