In a bull market, how to proceed step by step to ensure continuous asset growth!
1. Double, gradually sell out the principal
The main purpose of doing this is to reduce psychological costs to zero, eliminating much of the mental struggle, allowing you to hold on. If it drops, the principal has already been withdrawn, and what remains is profit, so it's just a matter of how much you earn. If it rises, you still have more than half of your chips, and you are still earning.
2. In a bull market, make sure not to liquidate all good assets; you must retain some core holdings.
After completing the first step, the remaining core holdings are essentially at zero cost. If it continues to rise, you can gradually reduce your holdings without liquidating everything. Because after the first step, your mindset becomes proactive, making this step easier to execute.
3. Keep the cycle going, allowing assets to continuously grow.
With the consolidation from steps 1 and 2, you still have chips in hand; wait for the opportunity to buy good assets. If good assets rise, repeat steps 1 and 2 in a cycle. If you are currently in continuous loss and don't know what to do, you can follow me, click on my profile to find me anytime; I share all contract and spot trading strategies. Just to gain followers.