Brothers, hello everyone, I am trader Zhu Yidan. For the past ten days, I have been traveling around Guangxi with my wife and children, enjoying myself while my account keeps hitting new highs. Holding onto this market is a better strategy than trading in waves. People are always greedy, wanting to buy at the lowest and sell at the highest. Those with this mindset either miss out or sell too early. I suddenly have this feeling: accumulate experience in a bear market, and make money in a bull market.
A couple of days ago, I was chatting with a fan who has been with me all along, and I told him: 'Compared to losses, I am more afraid of not being able to hold onto profits.' When I was losing a lot, I just wanted to break even, but after breaking even, I wanted to make big profits. I have to sigh, this is human nature!
The hardest time to hold on is when I've just recovered from a big loss and the price is fluctuating around the cost line. I'm afraid of being unwrapped only to get stuck again. It's even more painful to sell too early because I don't have the courage to get back in; I can only watch the price rise!
I think this is a reflection of most retail investors right now. My wife just asked me if the group is boiling over, and I said no. Most people have either lost everything or are shorting. The ones actually making money are quite few. This is what I mentioned before: both dead bears and dead bulls can make money, but the slippery ones cannot. They are used to eating both sides, trading in a volatile market. Once it breaks out and starts a one-sided market, if you don't stop loss, there's a high probability it will go to zero.
Previously, I judged in the live broadcast that the market would be like the previous two bull markets: Bitcoin would charge forward to open up upward space, followed by Ethereum, and finally the altcoins would dance wildly. We are now in the second stage, and most people are still doubting whether the bull market has really arrived. As the profit effect continues to manifest, old investors are increasing their positions and new investors are entering the market, with ample liquidity continuously creating wealth miracles.
My personal plan is to double my funds and then withdraw. I will keep one-fifth of my funds in the market to take a gamble, hoping everything goes as expected!
