Have the Courage to Be Trapped in a Bull Market

On July 6th, the trading strategy I provided was to buy BTC when it breaks new highs and I shared several altcoins that I was optimistic about.

Today, a friend who followed my strategy asked me if it's still worth buying now?

I asked him why he didn't buy at that time. He replied that he was scared because he thought the prices were falling, so he didn't get in.

Many people fail to make money in a bull market because the fear of being trapped is haunting them.

They always want to buy at the lowest point and sell at the highest point, wanting to capture an entire cycle, but obviously, this is unrealistic.

Since June, many coins have unknowingly doubled in value, and many, especially those who have come out of the bear market, because they have seen lower prices, think that the prices have risen a lot now, and they hesitate to enter, fearing they will be trapped, wanting to wait for a pullback to buy.

So they wait and wait, and as the prices keep rising, they are waiting for it, but it won't wait for you.

Finally, when a pullback comes, you realize that even if it has pulled back a bit, the price is still about the same as when you first started waiting, so in your heart, you hope that if it could just drop a bit more, you would buy.

But the price quickly rebounds after the pullback, and the chance for you to get in has slipped away, making you even less willing to buy.

Thus, you watch the prices in the bull market rise higher and higher, while you hold onto your assets without making a move, just watching Bitcoin go on a roller coaster ride from the sidelines.

I often say, in a bull market, if you have the idea of bottom fishing in your heart, that is the beginning of your loss.

You yearn for it to drop even more. If it rises, you are conflicted about why you didn't buy at the low point.

Then you think that next time it drops, you will definitely buy, but then it really does reverse and take off again.

Yet you still hesitate, what if it drops even more? And then you miss out again.

The market really doesn’t wait for anyone anymore, and the washing out action has ended. But you think there must be better opportunities.

Yet you still don’t buy in.

So if you want to buy, you shouldn't hesitate. Actually, you should be asking how to buy to make the most profit, rather than what range to buy to get decent returns.

Your mind is constantly thinking about making the most money with the least amount of money. Buying at the lowest and selling at the highest. In the end, you won't even capture a segment of the move.

I’ve finished writing this, keep it up.