A bull market has arrived, and many people can't help but rush in at the chance of becoming rich. But don’t be hasty; the market is not as simple as you think. To achieve stable profits in a bull market, relying solely on impulse won't work; you must avoid the traps set by the main players. Today, I’ll give you 10 golden rules to help you remain undefeated in a bull market.
1. Don't chase highs, don’t blindly follow the crowd
The price increases are astonishing in a bull market, but chasing highs often means picking up the bill. Remember, others make money with their own investments; following the crowd will only lead you into the abyss.
2. Be decisive in taking profits; greed is the biggest enemy
When the price reaches your target, don’t hesitate; decisively take profits. A bull market can make people greedy, but remember, profits only secured are real profits.
3. There are traps in a bull market; don’t easily trust 'guaranteed profits'
Don't be deceived by so-called 'myths'; there are scams in a bull market too. Blindly believing in projects that promise 'guaranteed profits' may ultimately lead to being cut down like leeks.
4. Do not use leverage, leverage is a double-edged sword
Using leverage in a bull market may seem to double your profits, but once the market reverses, the consequences are painful. Stay rational and avoid unnecessary risks.
5. Pay attention to market sentiment, observe calmly
Market sentiment in a bull market is extremely optimistic, but you must stay calm. When most people are going crazy, it may be just the time for the main players to retreat.
6. Avoid 'heavy investment in one'; diversify risks
In a bull market, certain coins can surge enticingly, but risking all funds on one coin is too dangerous. Diversify investments to avoid being trapped all at once.
7. Short-term surges may not mean long-term gains
Coins that surge in a bull market may not be able to maintain their momentum long-term, especially those altcoins that rise based on hype; they might just be short-term bubbles.
8. Be wary of the project team's actions
In a bull market, project teams frequently issue coins and hold events, often trying to cash out while the heat is on, cutting down a wave of leeks. Pay attention to their capital flow and don’t participate blindly.
9. Frequent activities by exchanges are a signal
If an exchange holds 1-2 events a month, it shows they are also trying to make money. A lot of activities may indicate a bubble is about to burst.
10. Stay clear-headed; the market is never short of opportunities
In a bull market, don't rush to 'get on the bus'; market opportunities are always there. Missing one rise is okay; staying clear-headed is more important than momentary impulse.
Always remember these 10 rules. While there are many profit opportunities in a bull market, there are also many traps. Only by staying calm can you truly profit from a bull market and avoid being cut down like leeks.
