For example, when everyone is in a cash position, they often feel anxious. Why? Mainly because they are afraid of missing out on a market rally. For example, when in a full position, they feel scared, afraid of further declines and getting trapped. In fact, many people's operations only involve buying, not selling. Many people are unwilling to stay in a cash position and can't get used to it, thinking they should enter the market as soon as there’s a small drop. I asked many seasoned investors; most can only buy and don’t know how to stay in cash or learn to do so. They go back and forth like a roller coaster. Investors with over five years of experience make money, while those within three years often lose because back then, they only believed in BTC and didn't trust others. Recently, most people are afraid to buy BTC, choosing to flip ETH or altcoins, leading to losses. Many others hold on stubbornly, waiting for a bull market and a hundredfold market situation. In fact, no matter what coins you hold, this is the wrong approach.
After so many years, everyone will grow. In fact, we should ask ourselves more.
First, ask yourself if you can bear the risks. Then, ask yourself if you can accept being trapped. Lastly, ask yourself if losing is more painful than earning a little less.
This is actually the greed of human nature. Most people are just afraid of not earning enough, only thinking about making money without considering risks. My experience tells me that whether you gain or lose, you must first learn to bear risks. If you can't do this, then this market is definitely not suitable for you. When you are losing, you actually cannot accept it and can only silently lick your wounds.
Many people fear missing out while in cash positions and often say they would rather be trapped than miss out. But when they are truly trapped, they become anxious, worrying about the continuous decline and what to do next. They look for big influencers to gain confidence, seeking news to comfort themselves, believing they can rise again. When market panic intensifies and most people are bearish, that’s when you are cutting losses at the bottom. Because most people are in a state of bullish when the market rises and bearish when it falls. When trapped in a full position, they think the opposite: they would rather miss out than be trapped again. This is actually a vicious cycle. Everyone goes through it again and again until they completely lose confidence and exit the market.
I only share my own views and personal experiences for everyone's reference.
In this market, what is really needed is patience, waiting for hibernation, and waiting for opportunities. When opportunities arise, just grasp them. Everyone can buy, just push it in. But what everyone needs to consider is whether the price you buy is at the bottom and what risk ratio you can bear for your buying point. If you're not buying at the bottom, will you implement risk control to stop losses instead of amplifying losses? If you buy in when it’s at the bottom and it slowly rises, have you set a target? Once it reaches the target, do you clear out immediately and wait, rather than thinking about earning more and being greedy? A phrase I often say is: buy high and sell high, sell low and buy low. This phrase is a strict trading mantra, not just words but something you truly execute. Every time you enter the market, consider how much loss you can accept, rather than holding onto a position or waiting for a rebound to reduce losses. Each person’s experience is different because you might think that if it goes up a bit more, you will break even and leave. But when you really break even, you think it will take off, and when you have held through, you think that if it goes up a bit more, you will earn and leave. However, many people ultimately repeat their mistakes without learning, leading to being trapped repeatedly. This is the question everyone thinks about during their experiences. After it’s over, they start to regret but will repeat the same mistakes, so it's a cycle of not learning.
Speaking of this, it's like we liquidated from May 14th to now. In fact, BTC's 110,000 has already gone through three times so far. ETH actually reached the target range of 2000-2200, not for lower prices. At that time, I made it very clear; it was just to make the market more stable. I was waiting to enter the market after confirming things. The price might be lower than this, but I wanted to be cautious, so I was waiting. In fact, every time Bitcoin reached 110,000, many people would look at 120,000-130,000-150,000, or even higher. Especially when ETH reached above 2700, many people looked at 3000. But once the market falls, many people will look at very low positions. This is the market mentality; everyone is indecisive, without a plan of their own, just listening to this person and that person. Some fans asked me why my mindset is so good. I just said one thing: it's experience gained from losses because I learn, I remember, and I absorb every failure experience to achieve eventual success. These are all part of the process. Back to the current market situation, we have successfully avoided a big wave of risks since we liquidated, but how many people remember that when it hit the iron bottom of 1400, I was charging faith every day that the market would rise? I guess everyone has forgotten. The reason for this success is that first, I insisted on being bullish at the iron bottom. When it hit around 2600-2800 for the first time at 2700 on May 14th, I decisively liquidated and went bearish, waiting until now. This corresponds to that saying: buy high and sell high, sell low and buy low, while achieving unity of knowledge and action, and strictly executing it.
Alright, that’s all for today. Everyone, go understand it yourself.
Salute to everyone in the K family army.