1. Nobody will tell you to take profit. 𝙍𝙚𝙢𝙚𝙢𝙗𝙚𝙧: Nobody tells a blind man everybody has left the market.
"When he doesn't hear the voice of the crowd he will do the needful"
2. Don't sell your coins because it is not pumping and your friends bag is pumping.
3. Some people will be begged to TP but they will refuse. They will end up being a bag holder
4. Any coins/Token that you are not privileged to buy when the noise factor has not set in. Let it go Don't force it or chase green candles
95% of the time it ends in tears 😭😭
5. Separate emotions from your investments. Don't be emotional about your bag. Not Every coin will moon. A coin with bad fundamentals will most likely struggle. Deal with it.
6. Have an Entry & Exist Plan. More like a trading plan for a trader. Entry and Exist plans will boost your productivity in the bull market. **Know your entry Mcap **Know your exist Mcap
7. Take Profit before you take a screenshot.
Thank you for reading.
Tip the creator if you find it educating and interesting.
Preparing for a crypto bull run involves a combination of research, risk management, and strategic planning. Consider the following steps:
1. Research: Understand the fundamentals of the cryptocurrencies you're interested in. Analyze their technology, use case, team, and community support. Stay informed about market trends and news.
2. Diversification: Spread your investments across different cryptocurrencies to reduce risk. Don't put all your funds into one asset, as the market can be unpredictable.
3. Risk Management: Set clear investment goals and define your risk tolerance. Only invest what you can afford to lose. Consider using stop-loss orders to limit potential losses.
4. Stay Informed: Continuously monitor the market for changes and updates. Follow reputable sources for news and analysis. Be aware of regulatory developments that may impact the crypto market.
5. Technical Analysis: Learn basic technical analysis to identify potential entry and exit points. Understand key indicators like moving averages, RSI, and MACD.
6. Secure Storage: Ensure your cryptocurrencies are stored securely. Consider using hardware wallets or reputable software wallets. Be cautious about leaving funds on exchanges for extended periods.
7. Have an Exit Strategy: Define your profit-taking and exit strategy in advance. Don't let emotions guide your decisions during a bull run.
8. Monitor Market Sentiment: Pay attention to market sentiment on social media and forums. However, be wary of hype and pump-and-dump schemes.
9. Tax Planning: Be aware of tax implications related to crypto investments in your jurisdiction. Keep records of your transactions for tax reporting purposes.
10. Prepare for Volatility: Cryptocurrency markets can be highly volatile. Be mentally prepared for fluctuations and avoid making impulsive decisions based on short-term price movements.