Making money in a bull market ≠ escaping the fate of being a retail investor, beware of these 8 common traps
Even if you've made money in a bull market, it doesn't mean you're not a retail investor. If you don't avoid the following common mistakes, your profits are likely just "transit money":
1. Reluctance to sell, greed at play
After doubling your principal, not taking profits, hoping for a rebound after a pullback, and continuing to be greedy after a rebound, ultimately leading to being deeply trapped.
2. Going ALL IN at the peak of the bull market
Trying to make a big turnaround when the market is at its craziest can easily lead to hitting the start of a bear market. It is advisable to only use 10% of your assets to take chances; if you make money, consider it luck, and if you lose, it won't hurt much.
3. Converting all profits to BTC without locking in
BTC is good, but you have to survive the bear market first. Blindly holding long-term is not as good as calmly dollar-cost averaging and gradually laying out your investments.
4. Trying to short for a crash
Contracts are not a lifeline; they are a testing ground that amplifies human nature. Newcomers are advised to stay away to avoid being repeatedly cut.
5. Imbalanced mentality after sudden wealth
Beginning to splurge, inflating self-worth, and indulging in consumption is the start of a collapse.
6. Stopping learning
The crypto world moves fast; skills must be practiced regularly. If you stop learning and observing, you'll become "rusty" over time, leading to losses in your next operation.
7. Falling into traps of on-chain finance
What seems like a few percent annualized may return to zero overnight. If you don't use U, transfer it to a cold wallet and try to choose ERC20.
8. Stay calm with money earned through luck
Even if you earn millions, don't be too proud; refuse to be harvested by "emotional value" and maintain independent judgment.
A bull market is both an opportunity and a test.
Not being greedy, not getting carried away, and not being blind is the true beginning of going far.
Focus on logic, progress steadily, and only then can one truly accumulate wealth in the crypto world.
When the market is good, there are many opportunities; when the market is bad, there are also opportunities!
Regardless of bull or bear markets, opportunities are always there. Stay close to @谈币 and let them guide you to success!
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