Riding the bull market is harder than you think. 90% of people will miss out again in this market cycle. Don’t be one of them. This could be your last chance to make it big in crypto. Keep these 15 rules in mind to make the most of this bull market: 1. Keep it simple As the market heats up, things can get overwhelming. More distractions, more opportunities, more noise. Don't lose focus. 2. Accept hype over fundamentals. This may be hard to accept. But in a bull market, hype and speculation are the strongest drivers of price. Focus less on fundamentals and more on market psychology. Pick a niche, stick to your style, find an edge and stick with it. Accept that you will miss some opportunities and be okay with that. 3. When you have a strong investment thesis, stand behind it firmly. When the time is right, bet big. "If you play long enough and don't change your bets, the house wins. Unless, when the perfect opportunity comes, you bet big and win the house." - Ocean's Eleven 4. Speculate on new things instead of old ones The market loves to chase new and shiny things. These new coins often outperform their older predecessors. Many of the biggest gainers will be newly listed tokens, especially those with low circulation. 5. Don’t let the pullback shock you The worst thing you can do during a bull market is get thrown out too early. These dips will test you psychologically, but are completely normal in a bull market. Reduce leverage on your core positions, don't panic, and keep the faith. 6. Zoom out People tend to focus too much on the shorter time frames. This applies not only to buy/sell, but also to the time frame in which you evaluate a thesis/idea. Don’t let insignificant price fluctuations upset you. 7. Covering a position at a low level In an uptrend, dips should be viewed as a gift. Focus on accumulating the strong coins that are performing well. They tend to rise the most on rallies. 8. Go long on leading coins In one narrative, the first-mover advantage is huge. Generally speaking, sticking to the leading coins in a particular trend will have a better risk-return ratio than investing in smaller-cap Beta coins with greater risk. 9. Lowers your IQ Don't laugh - it works. Evidence? $DOGE, $SHIB, $PEPE, etc. Don't try to be clever. 10. Sell in batches It is easy to make money in a bull market, but it is hard to hold on to profits. Take profits regularly and transfer them to a separate cold wallet. I would rather give up a small portion of potential gains than walk away empty-handed. 11. Don’t switch shots too often As tempting as it is, don't get caught in a cycle of rolling your profits from one investment to another. This game of tossing hot potatoes is good until you break it. It would be better to predefine a portion of the profits to be invested in stablecoins and the other portion back into the market. 12. Don’t go short In any trending market, trading against the trend is dangerous. In the cryptocurrency market, going long offers a better risk-reward ratio as it has unlimited profit potential while losses are limited to the initial investment. 13. Leave a "moon bag" It is wise to take profits cautiously after a big profit, but in a bull market, subsequent gains often dwarf your actual profits. Keep a "moon bag" (a small position) to ensure that if things really go parabolic, you still have some exposure. 14. Optimize your information sources Now is the time to organize your Twitter list/Telegram/Discord/YouTube. The results you get are closely related to the quality of the information you input. 15. Strike while the iron is hot Such conditions will not last forever. Those who have experienced 2017 and 2021 know this well. Take advantage of opportunities. Whether it is airdrops, IDOs, DeFi or trading. |
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