Reflections on Trading in Turbulent Markets:
1. In turbulent markets, without deep thinking, even if I know there will be good news in a week, I am still scared by the current decline and panic sell most of my positions.
This leads to a strong rebound in coin prices, missing out on a 50% increase!
2. During pullbacks, worried about profit giving back, I always want to preserve profits, so I sell strong coins that have already made a profit while keeping weak coins that are losing, completely contradicting my principle of 'hold on when prices rise, cut losses when prices fall.'
Experience Summary:
1. In turbulent markets, one must have a full and accurate judgment of the overall market; if there is clear good news in the near term, even if there is a decline, one should hold on.
2. Unless you judge that a trend has ended, you should never sell coins that are in a strong upward trend; even if you have to sell, it should be a complete liquidation rather than keeping losing weak coins and selling profitable strong coins.
