Chives never learn a lesson; when prices drop, they quickly look for a short position and cut losses. As soon as there's a rise, they fear missing out and hesitate, then chase in at a high point.
When prices rise, they rush in, fearing missing out on a bull market. Then, as soon as there’s a slight drop, panic sets in. As long as there are bears in the market, they begin to doubt whether prices will fall, thinking about how to exit with minimal losses, and the deeper they fall, the more they cycle through this behavior. So what’s the point of such operations?
The market is always changing; as soon as there is a slight uptick, people start shouting bull market, and as soon as there is a slight downturn, they shout bear market.
Either hold on and don’t move; if you're not in profit, don’t run (though downturns are always possible),
Or practice buying low and selling high. When you're trapped, stay firm; when you have gained, exit. As long as each time you enter the market at a price lower than your exit price, you are considered successful. If every time you enter is at a price higher than your exit price, then you will forever be just chives.
In terms of spot trading, it’s actually quite simple; it’s just a matter of mindset. Don’t let market fluctuations dictate your actions.
Contracts really require precise entry points; trade based on trends. Some people have seen Bitcoin fluctuate by $1,000-$2,000 and lost everything, but some remain steadfast and eventually double or triple their investment. This is all about mindset and trends.
If you want to turn things around and recover your losses, then tighten your steps with ease and safety!
