In a bull market, stay calm; holding onto coins is the way to go.
When trading coins, the biggest fear is getting carried away. Especially when a bull market arrives, watching a coin soar can make you start to wonder: Should I jump in? Have I missed the big opportunity? However, at this time, we must remain composed. Experienced traders know that in a bull market, patience is key; real positioning should wait for a bear market.
First, don’t be scared by the fear of ‘missing out’. Even when seeing coins that have skyrocketed, you must resist the temptation. The market has its ups and downs. If a coin has risen so much, the market makers might still have a lot of inventory. They may not necessarily continue to push the price up; if you chase in, you might end up getting stuck. In a bull market, the money you have locked in is the real profit; don’t take unnecessary risks.
Second, don’t put all your eggs in one basket. Heavily investing in one coin with hopes of making a fortune usually just means giving money to market makers. True experts diversify their investments; when one side doesn’t shine, the other side does, leaving themselves with multiple exit strategies. Just like my friend, who bought well-known coins at low prices during the bear market, and when the bull market came, he waited for them to rise one by one, taking profits and never looking back.
Furthermore, in a bull market, we need to learn to ‘only sell, not buy’. Buying doesn’t yield much profit, but selling helps secure those profits. So, once you sell a coin, don’t think about chasing highs and lows. Wait until the bear market to slowly buy back in; with this strategy, outperforming most people isn’t difficult.
Lastly, following through on what you say is true skill. This strategy sounds simple, but it’s difficult to implement. You must have strict discipline; no matter how the market changes, stick to your plan and don’t let emotions lead you astray. The most common mistake beginners make is being impulsive; you must learn to ‘endure’ right from the start.
A bull market is all about ‘endurance’. Don’t let the fluctuations of the moment disrupt your thoughts. Missing out on a few points isn’t scary; getting stuck is what’s truly distressing. Remember, our task in a bull market is to protect our profits and not follow the crowd blindly.
Recently, I plan to set up for a potential coin that is about to surge; doubling is quite simple, and I’m also looking for some potential coins to hold until the end of the year, with an expected growth of over ten times being no problem. Spots are limited! If you want to join, like and comment.
