Bull market profit without making mistakes, these pitfalls you must avoid
Want to make big money in a bull market without stepping into pitfalls? Save this guide, every line is practical advice, tailored for you, helping you succeed without losing money.
Pitfalls to avoid and solutions:
Don't chase highs
Pitfall: Buying tokens only after they become popular is like standing guard on the mountain top.
Solution: Use on-chain data, TVL growth, developer activity, and other indicators to find trends in advance.
Don't chase every trend
Pitfall: From RWA to AI, then to meme coins, wanting to invest in everything, resulting in a mess.
Solution: Choose 2-3 projects that you have thoroughly researched and understand, and hold them firmly.
Don't invest blindly
Pitfall: Buying just because of hype, without knowing what the token is for.
Solution: Read the whitepaper, assess the tokenomics, check the team and roadmap.
Don't believe in “hundredfold myths”
Pitfall: Scammers exploit people's greed.
Solution: Choose projects that are practical, actively developed, and have a solid foundation.
Don't lack risk control
Pitfall: Putting all funds into one token or using leverage; when it crashes, everything collapses.
Solution: Diversify by investing in 5-10 reliable projects, only invest what you can afford to lose.
Don't sell randomly
Pitfall: Either selling early out of fear of a drop or being greedy wanting to earn more.
Solution: Set profit targets, like withdrawing at 20% profit, and take 30% of 5x returns.
Don't ignore new opportunities
Pitfall: Sticking to old stories and being unaware of new opportunities.
Solution: Research AI tokens, Layer 2, and real asset protocols, and start experimenting early.
Don't overtrade
Pitfall: Frequent buying and selling wastes time and money and adds stress.
Solution: Focus on projects you have confidence in and let time help you earn money.
Don't confuse luck with skill
Pitfall: Thinking you are skilled just because you've made a few profits.
Solution: Keep a trading journal, analyze gains and losses, and find growth strategies.
Don't miss out on free benefits
Pitfall: Not participating in airdrops, testnets, and early protocols.
Solution: Join testnets, look for airdrops, and participate in early ecosystems.
Tips for making money in a bull market
Think in advance about how to sell
Look for when altcoins get overheated; that's when to sell.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, expecting a space of over 10 times is not a problem. If you want to make big money in the bull market, give a thumbs up + leave a message, and I'll take you through the entire bull market layout!