Everyone has made a mistake in investing

Focusing on a coin, getting carried away and going all in, neither taking profits nor cutting losses, not to mention any position management. What’s the result? Dropping from -90% to another -90%, the more you lose, the more reluctant you are to cut your losses, and only when your principal is almost gone do you suddenly realize.

Now, ask yourself: when you are fully invested, did you really think it through, or were you simply swept away by emotions?

Let’s talk about being in cash, which is actually a 'high-level operation'. Look at Duan Yongping and Buffett, who started hoarding a lot of cash last year. What are they afraid of? What are they waiting for?

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In their eyes, cash is not a sign of being 'cowardly', but rather 'offensive ammunition'. Why do I say this? Because:

1. Valuation discipline: Don’t empty your wallet to chase hot trends; being cheap is the hard truth.

2. Opportunity cost: Cash has time value when sitting idle; rather than randomly investing and losing money, it’s better to patiently wait for a good opportunity.

3. Long-termism: Being in cash is not lying flat; it’s waiting for a truly big opportunity. Mediocre opportunities? Better to pass on them!

So, in the crypto world, you must keep some cash on hand, allowing yourself some 'cash space'. This way, whether it’s a time like now with little market movement or when opportunities arise in the future, you can respond calmly.

Position management is not a decision made on a whim; it’s not as simple as thinking it will rise and increasing your position, or thinking it will fall and decreasing your position. It must be part of your investment system and align with your overall strategy.

There are no standard answers in investing; true wisdom is not in your actions but in your understanding. When your understanding is in place, your actions will naturally be correct. #币安投票上币 #美联储3月利率决议