⚠️ ⛔️ The 6 mistakes not to make during a crypto bull run⚠️⛔️
Whether you are a novice or an expert in the field, it is always good to remember the mistakes not to make during the bull run.
1-No FOMO
Very often, when you are asked to rush, it is to prevent you from thinking. Take your time, don't rush headlong. Because that’s the best way to make mistakes. If you missed the train, don't panic. There will be other opportunities to invest in crypto projects to take advantage of the bull market.
2-not controlling your emotions
When the market collapses, do you get scared? It’s the panic sell: you didn’t sell because you wanted to sell, but because you were afraid of losing. And, often, when we panic sell, we sell at the worst time.
3-go “all in” on a project
You haven't bought Bitcoin (BTC) or Solana (SOL), and you're afraid the bull run is slipping away from you. And you're going to make a big mistake: putting all your money into a project, telling yourself "if it explodes, I'll get rich!" ".
4-diversify too much!
Don't make the mistake of putting 20 euros on 100 different cryptocurrencies. You will forget that you invested, earning 3 euros here, and 7 euros there. In the end, you're going to lose more money on fees than you're going to make. Over-diversification is as negative as putting all your money into one project.
5-trading with leverage
During the bull run, we try to make money, a lot of money. This results in trading with leverage.
Leverage is often misunderstood by novices. Especially since during a bull market, volatility is very high. And it goes both ways! If a rapid correction occurs, it’s the margin call! Your position will be liquidated, and you will lose money.
6-wait for the “best” time to sell
In the same way that you should not buy in haste, you should not sell in haste.
The bull market is making us do stupid things! As with buying, determine in advance what price you want to sell for.
