If you're aiming to lock in profits during this bull run, here are five key principles to follow:
1. Understand Risk Management — Only risk what you're prepared to lose.
2. Always Use a Stop Loss — Safeguard your capital before you go for gains.
3. Have a Plan Before Entering — Be clear on your entry point, target price, and stop loss before making a move.
4. Avoid Chasing Pumps — Be patient and wait for pullbacks; don’t force trades.
5. Stick to Your Plan — Let logic guide you, not your emotions.
In a bull market, it’s easy to get swept up in the rush, but greed can lead to losses faster than any bear market. Stay calm, stick to your strategy, and let the profits come naturally.