Starknet price

How should we respond to a sudden surge in the market with our mindset and strategy? Yesterday, I FOMO'd during the big surge. Last night, my brother's shouts kept echoing in my ears: "Damn, people are surging! Damn, STRK is surging!" I got FOMO'd and bought a few coins, but ended up losing money. So I seriously summarized that the most rational approach in such a special market condition should be: 1. Overcome FOMO and stay rational. Because the most dangerous signal during a surge is "FOMO"—the fear of missing out. Once you are dominated by this emotion, you are very likely to get stuck at the peak and become a bag holder. We need to recognize a reality: we cannot buy at the lowest point, nor can we sell at the highest point. If a certain trend emerges, it’s not too late to enter after the trend becomes clear. 2. Adjust operational strategies: make different plans based on your position. Situation A: You already have a certain proportion of your position, and the profits are decent. During yesterday's surge, we should take profits in batches and sell in stages. This way, we ensure that profits are secured while also not completely missing out on any potential big market movements that may come later. Situation B: The profits are already substantial. You can directly sell your principal, and the rest is all profit, which makes your mindset much more relaxed, allowing you to face any major fluctuations calmly. Situation C: No position or a light position. I believe this is the most challenging part for one's mindset. First, we need to establish one point: no matter how good the market is, the initial surge will always have a technical pullback, so we should not impulsively buy when the big green candle just appears. Later, when there is a pullback, we can gradually build our position, but we should also avoid going all in or heavily investing at once. We can divide the planned investment funds into several parts. We can buy a portion at the first support level and another at a stronger support level, which can effectively average our investment cost. Personally, I suggest that no matter how certain you feel about the market, you should never go all in. During a big surge, it’s usually the leading coins that explode. At this time, we can look for the second and third leaders in the same sector, as they are likely to have a wave of catch-up, allowing for a short-term gain. In summary, I believe that successful investors must be able to attack when the opportunity arises and defend when necessary. A realization that is ingrained in me: if the crypto market goes to zero tomorrow, I must still be able to survive.