In a bull market, trading is much harder than you think
90% of people will lose money in this cycle, I hope everyone does not become one of them, and I wish everyone success in the crypto space
To maximize returns, refer to and follow these rules
1. Stay true to yourself
As the market heats up, things can become unstoppable. More distractions, more opportunities, more rumors. Don't lose direction, choose a niche market, stay in your area of expertise, find an advantage and stick to it, accept missing out and mistakes
2. Accept the facts of speculation and fundamentals
This may be a hard pill to swallow, but in a bull market, speculation and hype are the most powerful price drivers. Focus less on fundamentals and more on understanding market psychology
3. When you have a strong chip, hold on firmly
Play long enough, you will never change the bet, the dealer will choose you. Unless, when that perfect card appears, you bet big, and then you take the house
4. New coins are good coins
The market loves new, shiny coins, and these coins typically outperform older ones. Many of the biggest gainers are also newly listed coins, especially those with lower circulation
5. Don't let pullbacks shake you
The dumbest thing you can do during a bull market is to be shaken off too early. Pullbacks are a psychological test for you, but this is completely normal during a bull market. Try to minimize leverage on initial positions, don't panic, and maintain faith
6. Narrow the scope
Being overly focused on smaller timeframes is bad, don't let irrelevant price fluctuations deter your dreams of getting rich
7. Seize the ticket
In an uptrend, declines should be seen as opportunities to accumulate strong coins. Be resolute in building your position
8. Throw away your brain
Overthinking is sometimes also a mistake, resistance? Historical highs? Useless? You're overthinking, brother, $DOGE $SHIB $PEPE ? Is the rise enough to break your mindset?
9. Lock in profits for safety
Making money in a bull market is easy, but losing money is also easy. Keeping your money is difficult. Regularly lock in profits, give up a small portion of potential gains, and ensure you don't end up empty-handed
10. Don't short
In any trend, going against the trend is something ordinary people cannot operate. In the crypto market, going long provides a better risk-reward ratio because the downside is fixed, but the upside is not visible. I always like to say - shorting has limits, while going long has no limits
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