Title: Tips for Investing in a Bull Market
As the market heats up, things can become overwhelming. There will be more disruptions, more opportunities, and more noise. It’s important not to lose focus. Choose a niche market, stay in your lane, find an edge, and stick to it.
Accept the fact that you will miss out on some opportunities and embrace it. It might 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.
If you stay in a market long enough, you will never change your bets, and the house will take your money. Unless a perfect investment opportunity presents itself, where you go all-in and walk away victorious.
The market loves to be attracted to new, shiny things. These new coins often outperform old ones. Many of the biggest gainers will be newly listed tokens, especially those with low circulation.
In a bull market, the worst thing you can do is exit too early. These downturns will test you mentally, but they are completely normal during a bull market. Minimize leverage on core positions, don’t panic, and stay confident.
People tend to focus too much on smaller time frames. This applies not only to buying/selling but also to evaluating arguments/viewpoints. Don’t be intimidated by insignificant short-term price fluctuations.
In an upward trend, buying the dips should be seen as a blessing. Accumulate coins with strong momentum. These coins often have the most significant bounce during a rebound.
Being early in the narrative is huge. Holding tokens at the forefront of a narrative is usually a good choice.
In a bull market, FOMO (fear of missing out) investing is effective. Just look at examples like $DOGE, $SHIB, $PEPE, etc. Try not to let your “intelligence” lower your investment success rate.
Making money in a bull market is easy, but holding onto it is difficult. Take regular profits and transfer them to a separate cold wallet. I’d rather give up a small portion of potential gains than walk away empty-handed.
Avoid getting caught up in the cycle of rotating profits from one investment to another, even though it may be tempting. It’s all fun and games until you get off the ride.
It’s wise to set predetermined profit-taking and re-entry percentages. Going against the trend is a dangerous game. In cryptocurrency, going long offers a better return on investment, as it has unlimited profit potential with losses limited to the initial investment.
Taking profits after significant gains is a cautious practice. However, in a bull market, subsequent profits often pale in comparison to the initial gains. So after cashing out, it might be a good idea to leave some positions to ensure you have the opportunity to continue profiting from further price increases in case things go parabolic.
Now is the time to clean up your Twitter lists/Telegram/Discord/YouTube. Information sources are crucial for your investments.
Remember, a bull market won’t last forever. Those who experienced 2017 and 2021 can attest to that. Seize your opportunities, whether it’s airdrops, IDOs, DeFi, or trading. It’s time to actively participate in this bull market.
Article authorized reprint from: 深潮 TechFlow
