Essential Skills for a Hot Spot Market:



1) You must be quick; if you are not among the earliest, it is better to miss out.

2) When the situation is not good, you must not harbor any illusions and must be bold enough to cut losses in a timely manner.

3) In 99% of cases, if you harbor illusions, the result will be Murphy's Law, and you will ultimately leave with a greater loss. You must trust your instincts and your emotions—whether it's in investing or relationships; if you look around, it's always the same. Every aspect of life can provide you with similar lessons and examples.
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