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"Make sure you're fully buffed when the bull market returns"
Everyone's saying it's time to lie low and rest when the bear market comes. But you also need to consider whether your model can compete with fully equipped players when the bull market returns.
Those who survive long and thrive in this industry have basically found their own profitable model. Experts achieve long-term positive EV based on their strengths, without exception.
For individuals, the most important question to consider is: how to find a track with a long, deep slope? My judgment method is: the track must have a high ceiling and be able to accumulate and compound.
If a track has a low ceiling, even if you become number one, you won't make much money; if a track cannot compound, every trade is a fresh start, which will be exhausting and make you question your existence.
Oil trading, IPO arbitrage, news trading, managing a Twitter account—these are all tracks with high individual ceilings and compounding potential.
In a bull market, you're pushed along by various opportunities, leaving no time to refine your skills. Only in a bear market can you calmly review your performance, identify good profitable models, learn from experts, and hone your own arbitrage arbitrage skills.
Otherwise, you'll find that in the next bull market, you still won't make the money you were supposed to make, and you'll still lose the money you were supposed to lose.
One particularly fair aspect of a bear market is that it gives everyone the opportunity to understand themselves and to overtake others.
Accumulate in the bear market, cash out in the bull market. We only need to ensure one thing: when the bull market returns, we'll be fully equipped with resources.
Could you be more specific, bro? I also want to earn some money to withdraw from the game 😭, but I don't know where the money comes from!
The 100-day chicken-building event can add a buff 🤭
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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