How to Sell in a Bull Market? The Most Effective Principles and Mindset for Bull Market Trading
1. When it doubles or more, gradually withdraw the principal
The main goal of this step is to bring the psychological cost of the tokens to 0, so there’s not much mental struggle. If it drops—your principal has already been withdrawn, what’s left is profit; if it rises—there’s still over half of the chips, feeling great.
2. In a good bull market, definitely don’t clear out everything; you must leave a base position
After the first step, leaving a base position itself is at 0 cost. If it continues to rise, you can gradually reduce your holdings, but you still cannot clear everything because you can hardly imagine what the future will hold.
3. Cycle it, try to acquire several good tokens
Some may argue with me that in a bull market you should heavily invest in one token. Heavily investing in one token means acknowledging great mental exhaustion, which can easily wear you out.
I believe this set of principles is suitable for the vast majority of people. The core of these principles is to maintain 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