When a bull market comes in the crypto space, opportunities are everywhere, but how to seize them and make money is not that simple. Ultimately, investing is not only about who runs fast but also about who can sustain it longer. Today, let’s talk about how to operate in a bull market to minimize pitfalls and maximize profits.

1. First, clarify the trend

Don't ask if the bull market has arrived; I think it’s very likely that it has. Will it drop to a certain point again? It might, but worrying about those details is meaningless. A bull market is a wave of trend; you need to focus on the big picture and not get too caught up in short-term fluctuations.

This bull market may be different from previous ones. In the past, retail investors were taken advantage of, but now institutions, enterprises, and even national funds are starting to enter the market. When these big players come in, the market becomes larger; don't think about competing with them on short-term trades; it’s more reliable to follow the trend and ride it out.

2. How to allocate positions?

There are only two ways to make money in a bull market: relying on a stable large position to capture the trend or using a small position to bet on high returns. My suggestion is to combine both and create a 'barbell-style' allocation:

1. Hold core assets for the long term

In a bull market, mainstream coins are definitely the first choice, such as those assets that you can tell are 'stable' just by their names. Although the price increase may not be that exaggerated, their safety is high. Holding them as a base position will allow you to sleep well.

2. Small position allocation for high risk

There will always be some sectors in a bull market that can multiply several times or even dozens of times, but these places are deep waters; when playing, you must control your position well and only use money you can afford to lose. When selecting sectors, don't be reckless; find some logically clear leading projects, which will have a much higher safety factor.

3. How to choose sectors?

There are so many sector concepts in a bull market that it can be dazzling; when selecting, you must clearly see which ones have long-term potential:

1. Popular sectors

For example, some particularly hot new fields this year seem to be the future trend; you don’t need to understand them deeply, but at least you should see if everyone is paying attention to them.

2. Leading projects

Leading projects are always the first to be recognized by the market. Many people like to dig into some unheard-of small coins, but most of these are traps. Leading projects may rise slowly, but they are stable and can help you avoid detours.

4. Mindset is very important

Making money is not solely dependent on skills; those with a good mindset are the real winners.

  1. Don’t operate too frequently
    In a bull market, the worst thing is to be impulsive; chasing this today, cutting that tomorrow, and as a result, you miss the big trend. Choose good targets and hold on to them; don’t let the market's short-term fluctuations dictate your actions.

  2. Do a good job in risk management
    There are adjustments and even crashes in a bull market. Diversifying investments is a good habit; never put all your eggs in one basket.

  3. Don't be greedy, and don't panic
    Greed and fear are the two major traps in a bull market. When the price rises significantly, take profits promptly; when it falls, don’t be easily scared off by the market, and trust your own judgment.

5. Finally, a few words

There are indeed many opportunities to make money in a bull market, but it ultimately relies on steady progress. Don’t think about making quick money; it’s better to earn slowly than to accidentally lose a lot. Remember, there are always opportunities in the market; the most important thing is to stay in the game; otherwise, no matter how bullish the market is, it has nothing to do with you.

We are not gods, and we can't see every step of the market, but as long as we have patience and make fewer mistakes, the opportunity to profit in a bull market won’t slip away!