In a bullish market, adhering to three key principles is crucial for a strong investment strategy:
Set Clear Stop-Losses: Even the best investors recognize that profits aren't guaranteed. Establishing stop-loss points helps mitigate risk and protect your capital by limiting potential losses
Stay Vigilant with Market Monitoring: Continuous attention to market movements is essential. Monitoring the market closely allows investors to make informed decisions, respond swiftly to changes, and seize opportunities as they arise
Effective Portfolio Management: Avoid over-concentration in a single investment. Diversifying your portfolio spreads risk across different assets, reducing the impact of market volatility and ensuring flexibility to capitalize on favorable conditions while minimizing potential losses