How to escape the peak? Let's talk about this topic today.
What is the peak?
In simple terms, the peak is the position at which you are willing to sell. For example, don't wait until the next bear market to lament, "Turns out 200,000 is the peak." In reality, positions like 150,000, 160,000, and 170,000 can all be considered reasonable selling points. Seizing high positions doesn't mean you have to wait for the absolute top; this is the survival strategy for retail investors.
What is the core of escaping the peak?
The core of escaping the peak lies in taking profits in batches and gradually reducing positions. The more it rises, the more you should sell; even if some profits are left behind, you must accept this fact. Trying to capture the entire rise to the absolute top is not a goal that ordinary retail investors should pursue.
Additionally, don’t think about transferring the profits from this time into another coin to continue chasing the rise. Such operations often lead to a cycle where you cannot truly realize profits. In the later stages of a bull market, selling without buying is key to avoiding backlash.
What is the correct trading strategy?
Follow the principle of "buying coins in a bear market and selling coins in a bull market." When the coins you hold have risen to several times their profit, decisively reduce your positions in batches. In the latter half of the bull market, the focus should be on realizing profits rather than looking for new opportunities. Learning to remain rational when the market is crazy is the survival rule for long-term success.