Recently, the backend has been bombarded with questions: "Analyst, I just ran after making two points, and the coin price doubled directly!" "Chasing this track and falling for that one, the transaction fees are enough for me to buy a cup of milk tea!" "Watching others flaunt their earnings makes me panic in my empty position; should I enter the market or not?"
Wake up! This is not just bad luck for you; it's the most frustrating "washing routine" at the beginning of a bull market! As someone who has been through the crypto space for 8 years and experienced 3 cycles of bull and bear markets, I must share the heartfelt practical tips with you today. I've stepped into all the pitfalls of the 3 stages of the bull market, and now I'm breaking down the avoidance guide to help you avoid 90% of the fatal operations of retail investors!
1. Early stage (current phase): The "discouragement period" for adjusting mentality; getting through it means you've already won half.
Many newcomers have a fatal misunderstanding of the bull market: thinking that once they enter, they can make money every day without effort. But you all understand the nature of the crypto world; the early stage of the bull market is not a "money-picking situation" but a "sifting of people" by the main players! It's like cooking dumplings, first scooping out the "restless retail investors" floating on the surface, leaving the ones who can eat the meat.
I've seen too many people die inexplicably at this stage: ❌ The "hardworking leeks" who trade 8 times a day: chasing DeFi in the morning, cutting losses for NFTs in the afternoon, rushing into AI concepts at night, with fees higher than profits, and in the end, their accounts suffer more and more while comforting themselves with "it's all about participation"; ❌ The "coward" who runs away after earning 3%: panicking to take profits after making a little money, then seeing the price continue to rise after selling, perfectly illustrating "buy low and sell high," turning the bull market into a loss; ❌ The "onlooker" waiting for a correction: afraid of being trapped by rising indices, always looking for a "bottom-fishing opportunity," only to feel it will drop more when it finally corrects, and ultimately watching the market launch, helplessly banging their thighs.
My practical strategy (proven effective):
Select targets wisely: Prioritize mainstream projects with actual implementations and reasonable valuations; avoid those air coins that can't even clearly outline their white papers.
Position control is key: Experiment with a small position (suggested 20%-30%), don't go all in or stay out completely; this avoids missing out while controlling risk.
Look less at the market and do more: Uninstall the K-line software for a week, and you'll find your mindset stabilizes, and your operations become less frantic — the early stage of the bull market is about building patience; if you get through it, spring will come.
2. Mid-stage: The "golden period" for making big money; daring to increase positions means daring to eat meat.
When the market shifts from "sector rotation" to "mainstream tracks rising unilaterally," congratulations, you have entered the mid-bull market! This is the true profit window, where many go from "small profits" to "large profits," but many also miss opportunities at this stage.
I've seen the two most regrettable types of people: ❌ The "missers" who hesitate to get on board: not entering in the early stage, watching others make money and feeling both envious and scared; when finally deciding to enter, they just happen to catch a short-term correction and are scared off; ❌ The "support runners" with too light positions: only daring to take a 10% position to test the waters, while others make 50%, they only make 5%, and in the end, they can only watch others double their money; ❌ The "fee contributors" chasing highs and lows: treating the bull market as a short-term casino, chasing when it rises and cutting losses when it falls, ultimately giving all profits to fees, better off doing nothing.
My practical strategy (once doubled my money with this method):
Confirm signals to increase positions: When mainstream tracks continuously increase volume and the retracement is getting smaller, it’s a signal to increase positions (suggested to increase to 50%-70%), but absolutely do not add leverage — crypto goes up fast, but it goes down even faster; leverage is a double-edged sword.
Hold on to the main line and don’t fidget: The core of the mid-bull market is "defense"; once you choose a mainstream track, hold it firmly, don’t think about "making money in every sector"; in the end, you may end up with nothing.
Set profit-taking lines but don’t sell randomly: You can set a profit-taking line at 30%-50%, but don’t sell everything when it hits the point; take profits in batches and keep part of your position to earn from the trend — the trend in the mid-bull market is fiercer than you think.
3. Late stage: The "warning period" against standing guard; greed is the greatest enemy.
When the whole network is shouting "the bull market has no peak," even the aunt selling breakfast downstairs asks, "What coin can make money?" Even friends who usually say "trading coins is gambling" start to leverage up, congratulations, the late bull market has arrived — this is not an opportunity to make money, but the most dangerous "harvesting period"!
I've seen too many tragedies in the late bull market of 2021: ❌ The "picking up the pieces" who blindly believe in "myth": thinking "this time is different," all in based on big influencers' recommendations without looking at valuations, ultimately getting stuck at high positions unable to move; ❌ The "greedy" who won’t take profits: thinking "I’ll sell when it rises another 10%", only to drop from 50% profit back to break-even or even a loss, ultimately leaving cursing; ❌ The "warrior" who buys the dip halfway up: thinking "the opportunity is here" with each dip, buying more as it falls, ending up stuck at high positions, watching their account shrink, wanting to cry but unable to.
My practical strategy (helped me avoid two crashes):
Gradually reduce positions to secure profits: In the later stage of the bull market, gradually reduce your positions and convert profits into stable assets; don’t be greedy for the last coin. Remember, in the crypto world, "take profits when you see them" is always better than "being greedy".
Stay away from high leverage and air coins: The corrections in the later stage of the bull market are often quick and fierce; high leverage could lead you to zero overnight, and air coins can be halved directly.
Remember this saying: "Bull markets can drop harder than bear markets"; when the market is crazy, you must stay clear-headed and not let emotions cloud your judgment.
Finally, a heartfelt statement: The cryptocurrency bull market has never been a feast where "everyone makes money"; it is a game of "a few people making money from the majority." In the early stage, it's about adjusting mentality, in the mid-stage, it's about daring to increase positions, and in the later stage, it's about taking profits. If you get these three rhythms right, you can stand out from 90% of retail investors.
I've seen too many people not lacking effort, but lacking someone to point out "when to defend and when to attack." The market has opportunities every year, but very few can seize them. Follow me.
