IN A BULL MARKET $1MBABYDOGE
A bull market presents a great opportunity $BONK , but one wrong move can wipe out your profits. Avoid these key mistakes to maximize gains:
1. Over-diversifying $SHIB
Mistake: Spreading capital too thin.
Solution: Focus on 5–10 high-conviction projects for greater returns.
2. Not taking profits
Mistake: Expecting prices to keep rising.
Solution: Set price targets and take profits step by step.
3. Chasing FOMO
Mistake: Buying into price surges due to excitement.
Solution: Buy during corrections and low activity periods.
4. Overlooking emerging trends
Mistake: Sticking with outdated projects.
Solution: Explore sectors like AI, Gaming, Layer 1s, and RWAs.
5. Trading on emotion
Mistake: Acting based on fear or greed.
Solution: Follow a plan based on research, not your emotions.
6. No strategy
Mistake: Trading without clear goals.
Solution: Set entry points, exit targets, and profit milestones.
7. Leaving money on exchanges
Mistake: Keeping assets on centralized exchanges.
Solution: Move funds to a secure hardware wallet like Ledger.
8. Unrealistic targets
Mistake: Expecting every coin to yield 1000x returns.
Solution: Set realistic goals based on market cap and tokenomics.
9. Forgetting taxes
Mistake: Ignoring tax issues.
Solution: Use tax tools like Koinly or CoinTracker.
10. Skipping research
Mistake: Relying on influencers and hype.
Solution: Do your own research. Analyze whitepapers, tokenomics, and utility.
