I received a couple of requests for bull run tips. Therefore, I thought creating a special newsletter edition and sharing my seven best tips would be a good idea.
These tips are based on my experience. They don't claim to be perfect, but they were helpful for me when navigating a bull run. So, I hope they provide some value to you, too!
Because if there’s one thing I’ve learned from the last two bull runs, it’s this: bull markets are not as smooth or predictable as they seem.
Let's dive in!
1 — Bull Runs Look Easy in Hindsight — They’re Not
Let’s get rid of the myth right at the start.
Looking back at a bull run, it can seem like a steady, unstoppable climb. But I can promise you, it’s never like that in the moment.
Bull runs are filled with gut-wrenching pullbacks and corrections that make you question everything. Emotions run high, indicators break down, and you’ll doubt yourself more times than you can count. Don’t expect a smooth ride. On the contrary, a rollercoaster will test you, so mentally prepare for it.
2 — Indicators Lose Their Edge
People don’t realize traditional indicators often lose effectiveness in full-on bull runs.
For instance, during the last bull run, the RSI (Relative Strength Index) stayed in “overbought” territory for almost 80 out of 120 days. It’s pretty much useless at that point. Instead, consider broader indicators.
Things like the Bitcoin rainbow chart, YouTube views, and even Coinbase’s app rankings often give better insight into retail interest and sentiment than technical indicators that are bound to fail in such high-energy environments.
3 — Minimize Risk, Don’t Maximize Profits
The urge to chase profits can be the biggest trap in a bull market.
You’ll see people bragging about calling the top or aiming to sell right at the peak. Don’t fall into this trap. Set realistic goals before the euphoria sets in, and stick to them. You don’t need to hit the exact top to come out ahead.
Focus on protecting your gains rather than squeezing every last dollar out of the market—this mindset will save you from the regret of round-tripping your gains.
4 — Take Profits—And Don’t Look Back
This might be the most challenging part of any bull run and my most important tips! If you only want to follow one of my tips, you should take this one!
When you see that 10x gain, holding out for more is tempting. But trust me, you’ll question yourself every step of the way.
The secret? Take profits gradually.
Sell a portion at each significant gain, and don’t second-guess it.
Yes, the price may keep climbing, but the goal is to lock in returns. Remember, taking profits NEVER hurts. Take profits before FOMO convinces you to hold until it’s too late.
5 — Have a Plan to Beat the Euphoria
In a bull run, greed and FOMO are on overdrive.
It’s like an emotional high you’ve never felt before, watching your portfolio double every few days.
But here’s the truth: without a solid plan, that euphoria will cloud your judgment. Set your strategy now—where to take profits and your risk tolerance when to exit—and follow it.
Don’t let the thrill of the ride make decisions for you. Otherwise, the chances of it not ending well are very high!
6 — Never Reinvest Profits in a Bull Market
One of the biggest mistakes I made in the last bull run was reinvesting my profits when I saw the price go higher after my planned exit.
It felt like the market would keep climbing, so I jumped back in… right at the top. Retrospectively, this was super stupid. However, we talked about euphoria :)
Don’t repeat this mistake. If you’re out, you’re out.
Don’t get sucked back in just because the price keeps climbing. Stick to your exit, and let the rest go.
7 — Mute the “Market Gurus”
In every bull market, some influencers claim they know exactly where the market is headed. They don’t. No one does.
The market could skyrocket for a year or crash in a month. Maybe Bitcoin hits $1m or tops out at $100k.
Maybe alt season kicks off, or Bitcoin is leading the charge. The point is, no one truly knows.
Don’t rely on someone else’s confidence to make decisions for you.
Focus on evaluating the market daily and adjusting your strategy as necessary. Your opinion is the only opinion that matters here.
Wrapping Up
A bull run is exhilarating but filled with traps and emotional pitfalls.
Remember these points, and you’ll have a better chance of coming ahead. Stay grounded, make a plan, and most importantly, stick to it.
Let others get lost in the hype; your job is to keep a clear head and focus on your goals.