Change the original thinking
This round of the bull market is no longer about randomly buying a coin and using time to exchange for space to gain profits. In the past, the overall scale of the cryptocurrency market was not large, and various coins rushed to pump prices without the numerous influences of news that we have now. Now, as soon as there is a hint of greed or a little perspective, one can easily get trapped. It is essential to change your mindset; you are a businessman, engaging in trade. If one deal fails, there is always the next one. You should try to keep control in your own hands; this is your only chance to seize the initiative.
2. Do not chase highs and cut losses.
Chasing highs and cutting losses is a common tactic for many people. I call this luck, and money earned by luck will eventually be lost due to skill. Without your own investment philosophy, when the market has already hit a resistance level and the momentum for breaking through is weak, entering the market is risky. When the market pulls back to support and signs of bottoming out appear, choosing to cut losses repeatedly leads to continuous losses of your principal, causing you to miss out on real opportunities when they arise, resulting in diminished returns. Over time, it is difficult to accumulate any gains.
3. When the trend is unclear, avoid frequent trading.
Wanting to add positions but not knowing when the bottom is, wanting to reduce positions but missing the cost price; this should be the sentiment of many people in the current market. The recent rebounds have been vigorous, leading many to feel that a significant market movement is coming, only to be fooled time and again. Bitcoin's bull market is solitary; it has repeatedly clawed back losses, while altcoins continuously hit new lows, which is greatly related to Ethereum's weakness. In such unclear market conditions where it is uncertain whether a major market movement is coming or if it’s a trap, remaining still can be a good strategy. Friends with full positions can take advantage of the rebound to reduce some capital and prepare for a second round of adding positions.
4. Winning strategy: Maintain a good mindset.
The same situation viewed with different mindsets leads to vastly different outcomes. Once a problem arises in mindset, it is easy to fall into a broken pot mentality, leading to a series of ridiculous operations that result in expanding losses. Reflecting afterward often brings regret; remember, the market will not give you a chance to regret. This reflects a lack of responsibility towards yourself and your investment behavior. Maintaining a good mindset will help you navigate both trading and life more smoothly.
5. Set clear goals and choose strong coins
Choosing is more important than effort; this is also a discipline in this circle. After a market crash, there will be a lot of choices. How to select coins that rebound quickly? Currently, SOL's performance stands out; it can rebound quickly after a decline, matching Bitcoin's strength. Its ecosystem, RAY JUP, is also not to be underestimated. BNB, which allows for multiple benefits, is naturally included in the list. Whenever new mining opportunities arise, there will be a surge in prices. The wealthiest DOGE, compliant HBAR, XRP, etc., are all good choices. Let TACO accompany you through the toughest times in the market; the bull market has not ended, and spring will surely come.
