As someone who has experienced more than two bull markets, I sincerely have a few insights, all of which are hard-earned experiences from my own mistakes that have caused me considerable losses!

First, stop always thinking about making short-term trades.

At this stage, the market is in the mid to late phase of a bull market, coupled with favorable factors like interest rate cuts, and the price can change dramatically in an instant. Corrections often just serve as a breather after a significant rise, resulting in many people trying to catch the bottom and sell at the top, thus missing the main upward trend.

Especially during a bull market, sometimes the price rise is just a straight line on a five-minute candlestick chart, and if you react slowly, you get left behind.

If you really want to make short-term trades, it’s not impossible—but you have to pick moments when there is a first breakthrough of a large round number or a historical resistance level, and just make small moves; absolutely do not be greedy.

Second, stop trying to guess the top.

In the mid to late bull market, especially when there are significant positive factors, trying to guess the top is simply asking for trouble. When the market is about to force a short squeeze, you might see various indicators diverging, feeling that a pullback is due, but it just doesn’t fall. By the time you wait long enough, the price increase has already taken off.

The real top is actually very obvious when it arrives; at that time, you will have plenty of opportunities to sell without having to guess in advance.

This point is meant for those who have positions—if you don't have a position, don't chase too high. If you want to participate, use a small position to feel the rhythm of the market, and save some bullets for the next more stable opportunity.

Third, stop buying more as the price rises higher, and definitely don't use leverage.

Many people start off hesitantly, waiting for a pullback, but the market doesn’t pull back. When they can’t stand it anymore, they bite the bullet and jump in at a high price, only to use leverage to make up for the regret of missing out.

This is a deadly operation—bull market pullbacks happen faster than you can imagine. Once your principal loss expands, it not only affects your future profitability but also directly impacts your trading mindset.

If you make a mistake, acknowledge it, wait for the next rhythm, and don’t think you can gamble your way back.