3 Do's and 3 Don'ts in a Bull Market! Understand these points, and you'll minimize losses and maximize gains!
Bull Market Do's:
1. Set stop losses; champions are common, but consistent winners are rare. Without a stop loss, going to zero is just a matter of time.
2. Keep an eye on the market; do not open positions without monitoring the market. Once you open a position, you must be responsible for your funds.
3. Practice position management; anyone urging you to go all in at the bottom is trying to deceive you. Divide your capital into several portions and allow yourself to fail a few times. As long as you succeed once, you can take advantage of a big market move.
Bull Market Don'ts:
1. Don't fantasize about eating from the head of the fish to the tail; that's a matter for institutional investors. Retail investors can only follow the trend. When institutions push the market up, you provide the money; when they crash it, you provide the shares. Following the intentions of the institutions is the only way to potentially profit.
2. Don't chase highs and sell lows; don't rush in when you see others making profits. By the time you enter, others might have already cashed out. If you don't cut your losses, who will?
3. Don't trade based on feelings; trading without any basis will only lead to a gambling mindset. The market is not a casino; seeking short-term thrills is better suited for Macau.
By adhering to these 3 do's and 3 don'ts in a bull market, you may stand out in the market!
