How to Sell in a Bull Market? The Most Effective Principles and Mindset for Bull Market Positioning
1. More than Double, Gradually Withdraw Principal
The main goal of this step is to bring the psychological cost of the token to 0, so there is less mental entanglement. If it drops – the principal has already been withdrawn, and what remains is profit, it’s just a matter of how much you earn. If it rises – there are still more than half of the chips, feeling great.
2. In a Bull Market, Do Not Liquidate Everything; Must Keep a Base Position
After the first step, leaving a base position is already at 0 cost. If it continues to rise, you can gradually reduce your holdings but still cannot liquidate everything because it is hard to imagine what the future will look like.
3. Keep Circulating, Try to Gather Several Good Tokens
Some may argue that in a bull market, you should concentrate heavily on one token. However, concentrating on one token comes at the cost of acknowledging significant mental fatigue, which can easily drain you.
I believe this set of principles is suitable for the vast majority of people. The core of this set of principles is to keep you in a positive mental state at all times, bringing the token cost to 0, and always keeping a portion of USDT to look for the next opportunity.