Based on past experience, in a bull market, long-term holding and high position operation are two key factors for reducing mistakes and maximizing returns.
1. The increase in each round of a bull market often far exceeds people's expectations, especially during the main upward wave phase, where the increase within three days can sometimes equal the increase of the past year. This is the manifestation of "infinite scenery at dangerous peaks." Therefore, as long as the held cryptocurrency has not shown signs of accelerating towards the peak, one should not easily switch positions or exit the market. Past experiences in bull markets clearly tell us that the most to be avoided in a bull market is frequent position switching, as once the rhythm is disrupted, it is very likely to fall into the trap of chasing highs and selling lows.
2. In a general rising market, investors have a high margin for error with each operation. During this critical period of high win rates and high odds, the correct approach for investors is to fully utilize every penny they have to create more returns. Therefore, maintaining a high position for the long term becomes particularly important. Of course, to respond to market changes, investors can reserve a portion of their positions as flexible positions while maintaining high positions, allowing them to adjust their holding structure flexibly.