How to Sell in a Bull Market?
How to Sell in a Bull Market?
The most effective principles and mindset for managing positions in a bull market
1. When doubling, gradually withdraw the principal
The main purpose of this step is to bring the psychological cost of the token to 0, so there won't be as much mental struggle. If it drops — the principal has already been withdrawn, and what's left is profit; it's just a matter of how much you earn. If it rises — there’s still more than half of the chips left, feeling great.
2. In a bull market with good tokens, definitely do not liquidate everything; you must keep a base position
After the first step, leaving a base position is itself at 0 cost. If it continues to rise, you can gradually reduce your holdings, but you still cannot liquidate everything because you can't imagine what the future will be like.
3. Keep cycling, try to grab several good tokens
Some may argue with me that in a bull market you should heavily invest in one token, but heavily investing in one token comes at the cost of admitting significant mental fatigue, which can easily exhaust you.
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