Should I buy the dip, hold or swing trade?

My own method is to divide the positions into 3 parts:

1. Investment: Can increase by 3-5 times or more over 3-5 years, but uncertain within 3-6 months

2. Speculation: Can increase by 50% within 3-6 months, uncertain long term, sell to cash when the target is reached

3. Cash: Includes stablecoins, US Treasuries, NASDAQ, industry beta, can cash out at any time for living expenses

Every time I want to act, I ask myself, which category does this operation belong to?

Set a ratio for each part that suits you best. For example, if my $BTC investment position has already reached its limit, when I want to buy the dip, I need to check if there is still room in the speculation position. If there is, I will set a sell strategy while buying; if the speculation position is also full, it indicates that I should first increase the cash ratio.

Anything that does not fit into the above 3 categories is being liquidated, and I will not touch it again in the future. Less is more.