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If you want to make millions of dollars in a bull market, you need to keep some key principles in mind. Here are the "three don'ts" and "three musts" that we should follow in a bull market:
First, let's talk about the "three don'ts" in a bull market:
1. Don't dream of eating from the head to the tail of the fish. This is usually the game of the dealer, and we retail investors can only go with the flow. When the dealer pulls the market, we help to pay; when the dealer smashes the market, we help to ship. Only by following the pace of the dealer can we have a share.
2. Don't blindly chase the rise and fall. Seeing others making huge profits, you are eager to enter the market, which often only falls into a trap. When you rush into the market, those investors who have already made profits may have already left the market, and in the end, only you will be hurt.
3. Don't make orders based on feelings alone. The market is not a casino, and you can't place orders just on a whim. Without sufficient basis and reason, you will only fall into a fluke mentality, which is far worse than going to the casino directly to try your luck.
Next, let's discuss the "three musts" in the bull market:
1. Set a stop loss point. Champions are common, but victorious generals are rare. Without a stop loss point, it is only a matter of time before your funds return to zero. Therefore, be sure to set a stop loss point before investing to protect your capital.
2. Always keep an eye on the market. If you don't keep an eye on the market, you won't open an order. Once you open an order, you must be responsible for your funds to the end. Only by paying close attention to market dynamics can you make the right decisions in time.
3. Do a good job of position management. The act of buying at the bottom with a full position is tantamount to being a hooligan. We must allocate funds reasonably. Allow yourself to fail within a certain range, but as long as you succeed once, you can catch the big market and achieve considerable returns.
Hello, coin friends! I am Dachui. I wish you all a fruitful harvest in the coin circle and wealth freedom! If you are as keen on exploring the mysteries of the cryptocurrency market as I am, you might as well follow me and discover more codes for hundred-fold trends together.