Here are some tips on how to profit and stay profitable in a bull market:

How to profit

If you don't take your profits, you will never make money. Choosing when to take profits depends on the type of trading you are doing.

For small-cap coins, you may want to take some profits before the increase reaches 3-4 times. For large-cap coins like BTC, you can take profits when the increase reaches 2 times.

If you don't know where to start, start with half your money at your take profit point and stick with it. Have a system that you can backtest and tweak to suit your preferences.

When to rotate

When you see BTC starting to consolidate after a rally, that is the perfect time to rotate in. The logic behind this is that all the enthusiastic investors who held on the way up have more unrealized profits and decided to put their money into altcoins to amplify their gains.

You can use indicators such as BTC occupancy, ETH/BTC, or TOTAL3 to help you understand where in the cycle you are currently in.

Alpha and Beta Operations

When a project begins a new narrative, spinoffs and forks are bound to emerge.

Your decision whether to invest in market leaders or these derivatives depends on the size of your holdings and your risk tolerance.

Derivatives will carry a higher risk, but will have greater growth potential if you are able to get in early.

If you have a larger fund size, then waiting for a pullback from the market leaders or buying in batches on the dips may be a better strategy.

Profits outside of cryptocurrencies

When you make a good profit from trading, take a portion of it and use it for other purposes.

If you are not willing to withdraw the money you made in crypto, then it does not matter how much you made. In most cases, avid investors end up investing their money again and losing it.

Treat yourself. Make the profits real.

Buy strength, not weakness

When a token is rising, it’s easy to think you’ve missed the boat and start looking for cheaper tokens, but the general rule is that if a project is rising, there’s a reason for it.

Price is the best marketing, and if you are not willing to buy at a higher price because it has gone up, you will miss out on most of the opportunities that occur in a bull market.

Understanding market structure

You don’t need to be an expert in technical analysis to be successful in this field, but you should have a basic understanding of market structure.

You should understand the basic concepts of consolidation, uptrend and downtrend, otherwise you will only be influenced by the sentiment of the crowd.

Don’t overextend your risk tolerance

Most people lose money in a bull market because they overextend their risk tolerance in an attempt to chase more gains. Set a percentage of your overall portfolio that you are willing to risk, and stick to it.

Most people invest in 5 different altcoins and think that's diversification. No, if the market pulls back, most altcoins will go down with it.

Taking a break after closing an amazing deal

When people are winning, it's easy to get overconfident and think they'll keep winning. But that's not always the case. Based on probability, you're more likely to lose on the next trade after a good one.

When you're making a killing, it's important to take a break and be happy with your profits rather than plowing them back in. Otherwise, you're more likely to make mistakes and become irrational in your pursuit of more gains.

No need to participate in every action

In a bull market, most of your profits may be concentrated in a few projects. Don't feel like you need to catch every move or new play. Focus on making profits, not losing the money you make.

Relax and breathe

During a bull market, it's easy to get stressed out by the fear of missing out. If you feel like you can't tear yourself away from your screen, give yourself some time and space.

A good mentality is necessary in a bull market. If you don't have it, you need to stop and calm down. It is better to miss some opportunities than to lose your principal. #BTC #eth2.0 #ETH：