Do you think market sense is useful?
Hey guys, today let's chat about things in the crypto world, especially about how to grasp the timing for opening positions and some little tips for position management, super practical, so make sure to take note!
First of all, when investing, the first feeling is extremely important, that kind of market sense. Sometimes you get a sudden feeling that this wave will work, and a lot of times it really does! But relying solely on feeling won't cut it; you also need to combine indicators and news. It's like cooking, you can't just have the ingredients; you also need the right timing and seasonings, and the indicators and news are that timing and seasoning, both are essential. Then there's the size of the position, which needs careful planning. You can't just impulsively go all-in; that's too risky! You need to allocate it reasonably based on your own financial situation and your judgment of the market. For example, if you feel this wave isn't very stable, invest less; if you're full of confidence, you can invest a bit more, but don't get carried away, keep your emotions in check!
Also, the defense and exit positions need to be thought out in advance. The defense position is about leaving yourself a way out; if the market doesn't go the way you expect, hit that stop-loss at this point to avoid letting your losses expand. The exit position is about setting a target; once you reach it, stop and take your profits, don't be greedy, or you might lose what you already have!
Moreover, the time spent watching the market is also important. Don't stare at the screen all the time; after a while, your eyes will get tired, and it can affect your judgment, making you susceptible to short-term fluctuations. But you also can't ignore it completely; if you don't look at anything, the information gap will be too large the next time you open a position, and you might get confused. So, you need to find a balance, glance at it from time to time, and just keep a sense of what’s happening.
In summary, investing requires effort, but you also can't get too carried away; reasonable planning and calm analysis are the keys to being steady in the market. Everyone, quickly put these little tips into practice, and let's walk more steadily on the investment road together!