Stay focused in a bull market; the key is to create a plan and stick to it strictly.
Here are four strategies to help you avoid pitfalls:
1) Question the "experts": True expertise is forged in difficult times, not in the glamour of a bull market. Pay attention to analysts with a reliable track record and thoughtful insights.
2) Beware of "armchair quarterbacks": Avoid following those who only emerge after a big market move; focus on experts who can share insights in real-time.
3) Stay realistic: While a bull market can bring wealth, greed can easily destroy investors. Set realistic goals; it's more important to stabilize returns and adhere to your own risk tolerance.
4) Understand the risks: The market cannot be predicted precisely. Do your research before investing, understand the risks of each project, and reduce risk through diversification.
