Reprint:

Talk about one thing that must be learned in a bull market: position management.
For short-term trading, it is essential to set stop-loss and take-profit levels. Withdraw when there are risks, and learn to run when there are profits.
The long-term strategy is that you need to set goals and expectations, you should think about what height the project might reach, especially when you have low-cost chips. The most difficult part of the long term is the mentality, because it is impossible to keep pushing the price up; every time the price rises, you need to wash out the weak hands and eliminate those who chase the highs in order to continue moving forward. Can you stick to your investment strategy?
There is a psychological suggestion: for example, you bought XRP for $0.5 and sold it for $1. Then it rose to $2, and even if you think it can go up further, you don't want to get back in.
Separate short-term and long-term investments.
Short-term trading should remember not to play with long-term positions. If you fall and do not understand how to cut losses, you will end up being trapped, which is very uncomfortable. You are originally speculating, not engaging in value investing. If the price drops too much, you won't average down, you'll just take the loss.
Don't turn long positions into short ones; you could have held at a much higher level, but instead, you sold your chips at the slightest upward movement and ran away at the first sign of a pullback. You sold XRP at a cost of $1 and can never buy it back. So you must learn to sell in batches.
The secondary market will always rally during a bull market. So, manage your investment rhythm well and prepare for long-term positions. Short-term trading must focus on hot spots.
Separate positions, 7 long and 3 short. Short-term positions may yield several times returns when encountering hot market trends. Even in a bull market, it's important to maintain the mindset of never being fully invested. Being fully invested is very passive.
Focus on short-term hotspots and set good stop-loss and take-profit strategies. For long-term coins, adhere to the principle of doubling your investment to recover your capital, and have the determination to hold profits for over a year. Some say I can forgo doubling to recover my capital, but you need to cultivate a stronger mindset, especially since many coins can experience significant pullbacks after surges. Doubling to recover your capital allows you to continue seeking good opportunities or withdraw funds.
Clear thinking can make money in a bull market. In a bull market, pursue ambiguous points.
For example, fearing to miss out, thinking that the pullback is almost over, or that it is at a relatively low position, but also afraid of a waterfall crash, one might first buy a small position to get a feel for it, being brave enough to hold through losses. Only after being in the position can one continue to add to it; otherwise, it may be impossible to get on the train forever.