Talk about the one thing you must learn in a bull market: position management

For short-term trading, you must do a good job of stop-loss and take-profit; retreat when there is risk, and learn to run when there is profit.

For long-term investing, you need to set goals and expectations. Consider what heights the project might reach, especially when you have low-cost shares. The hardest part of long-term investing is the mindset because it's impossible to keep pushing the market up. Each time the price rises, you need to shake out the weak hands and those who chase high prices to continue moving forward. Can you stick to your investment strategy?

There is a psychological hint: for example, if you bought ETH for 2000 USD and sold it at 2500 USD, and then it rises to 3000 USD, even if you think it can rise further, you might not want to get back in.

Invest in short-term and long-term separately.

For short-term, remember not to play long-term. If you fall and don’t understand stop-loss, you will get stuck in a position, which is very painful. You are speculating, not making value investments; if it drops too much, you won’t average down, you will only cut losses.

For long-term, don’t play short-term. You could have held for a much higher price, but if you sell your shares after a slight rise, you might run away after a small correction. If you sell ETH at a cost of 2500 USD, you may never be able to buy it back. So you must learn to sell in batches.

In the secondary market, a bull market will always push the market up. So manage your investment rhythm and set up for long-term. Short-term must focus on hot topics.

Separate your positions: 70% long-term, 30% short-term. Short-term positions may double in profit when encountering a hot market, but even in a bull market, you must maintain the mindset of never being fully invested. Being fully invested is very passive.

For short-term, focus on hot topics and set good stop-loss and take-profit levels.

For long-term coins, establish a principle of doubling your investment to recover costs, with the determination to take profits above one bull market cycle. Some say they can recover costs without doubling, but you need to cultivate a larger mindset, especially since many coins can drop significantly after rising. Doubling to recover costs allows your principal to continue seeking good targets or to cash out.

With a clear mindset, you can make money in a bull market. In a bull market, pursue vague positions.

For example, if you fear missing out and think the correction is almost over, or if you think you are at a relatively low position, but you also fear a waterfall decline, first buy a small position to feel the market. Be brave enough to get stuck; only after being stuck can you continue to increase your position, or you may never get on board.