The difference for retail investors in the secondary market is that when prices drop, those who have U in hand will outperform others!
So, if you want to survive in the secondary market and achieve your goals, remember to sell some when it rises to your psychological price! Don't sell none, and don't sell everything!
If you're holding a long position, that's another matter; don't worry too much about short-term price fluctuations.
I see a coin rising to 5 dollars in the future; I won't buy at 1 dollar because the investment return might be worse than Bitcoin and Ethereum.
But if it drops to 0.5 and I plan to invest 2000U in it, I would buy 50% of the position, starting with 1000U. Normally, people would buy everything.
If it rises at this point, I will treat it as if I only invested 1000U, and follow the rising plan. When it reaches a resistance level, I'll sell some; if it drops, I'll buy again. If it rises directly without dropping, I'll still have a position; long-term positions remain unchanged! This investment can also be considered a success, though it's a bit regrettable that I only purchased 1000U instead of the planned 2000U. However, I can use the remaining 1000U to buy other coins. The crypto market is not lacking in projects; there are plenty of good projects with low-priced coins. Trading and life are alike; there are no perfect trades.
But if I purchase this coin at 0.5 and it doesn't rise and drops to 0.25, I can use the remaining 1000U to buy another 500U. If it rises at that point, I will operate as before.
If it drops to 0.1 again, I still have 500U left to buy!
But if it drops further, I'll accept it; it's my mistake for not analyzing the project well before investing. I can't blame others.
I have experienced too many such operations over the years in secondary market trading, and it has continuously improved my ability to research projects.
So in my trading system, if the coins I bought drop, it won't create negative emotions for me or affect my mindset, because what influences your trading success the most is your investment mindset.
The premise is that you need a good plan. Going back to the beginning: the difference for retail investors in the secondary market is that when prices drop, those who have U in hand will outperform others!
This isn't about family background or wealth; it's about wisdom and self-discipline.
No matter how much wealth you have or how rich your father is, when you see a coin drop to its lowest price, you can only watch!