In the frenzy of the bull market, how many people end up 'turning profits into losses'? ⚠️ This is not a curse but a result of falling into these traps! 👇 I've compiled the 11 major mistakes that most people will make—avoiding just one could help you earn double!
💎 1. Learn to Take Profits: No one remembers your position's 'peak', they only care about how much you ultimately take away. Once you want to show off your gains, it's time to sell! Make an exit plan and refuse to get greedier as prices rise.
💎 2. Reject Frequent Switching: The narrative of a bull market is persistent; jumping ship too often will cause you to miss out on the main upward trend!
💎 3. Reject 'Fear of Heights': A bull market rises to the point where you can’t believe it! Don’t get off early just because you think it's 'expensive'.
💎 4. Focus on Core Areas: Too much is as bad as too little! AI, Depin, Bitcoin ecosystem… Just focus on 2-3 main lines!
💎 5. Stay Calm During Corrections: Corrections are part of a healthy market! Don’t panic, and don’t try to predict every wave of fluctuations.
💎 6. Simplify Your Holdings: 3 sectors × 2-3 projects = Enough! Limited energy means over-diversification can lead to losing control.
💎 7. Stop Comparing! Reject FOMO: How much others earn has nothing to do with you! Once your mindset collapses, contracts can go haywire—losing everything takes just a second.
💎 8. Don’t Aim to Sell at the Highest Point: No one can buy at the lowest and sell at the highest! Gradual profit-taking is the king’s strategy.
💎 9. Strictly Prohibit Revenge Trading: After losing money, don’t think about 'turning it around' in one go—impulsiveness is a devil, the more you gamble, the more you lose!
💎 10. Decisively Cut Losses: If the investment logic changes, admit your mistake! Holding onto losing positions is a suicidal behavior.
💎 11. Overcome Inner Demons: Beware of greed and herd mentality! Stay alert, and rationally assess market sentiment and your own abilities.
📌 A bull market is the realization of knowledge, while a bear market is the liquidation of knowledge.
Save this article to remind yourself: Keeping profits is the true victory!