1.FOMO (Fear of Missing Out)

- Jumping into coins without research just because they're trending can lead to poor investment choices. Not every pump is sustainable.

- Avoid chasing after coins that have already skyrocketed. You might be buying at the peak.

2.Over-Leveraging

- Using excessive leverage in trading can amplify losses just as much as it can amplify gains.

- Crypto markets are highly volatile, and liquidation can happen quickly.

3.Ignoring Risk Management

- Invest only what you can afford to lose.

- Set stop losses and diversify your portfolio to mitigate risk.

4.Lack of Research (DYOR)

- Blindly following influencers or hype can lead to scams or rug pulls.

- Always research the project's fundamentals, team, tokenomics, and real-world use cases.

5.Holding Too Long ("Diamond Hands")

- While holding can be beneficial, greed often leads people to miss the peak.

- Set clear profit targets and stick to them.

6.Neglecting Exit Strategies

- Without a clear plan to take profits, you might end up riding the market back down.

- Reinvest profits in stable assets or diversify into other sectors.

7.Ignoring Security

- Don’t leave funds on exchanges for too long. Use secure wallets (hardware wallets are best).

- Be cautious of phishing attacks, fake apps, or too-good-to-be-true offers.

8.Underestimating Tax Implications

- Profits from crypto trading are often taxable. Not preparing for this can lead to financial issues later.

- Keep records of all trades and consult a tax professional.

9.Investing Emotionally

-Fear and greed are the biggest enemies in a bull run. Stick to a strategy and avoid impulsive decisions.

- Avoid panic selling during minor dips.

10.Focusing Only on Short-Term Gains

While the bull run is exciting, consider long-term potential and utility.

- Don’t forget the bear market will come; invest in projects that can survive downturns.

Key Takeaway

Discipline, patience, and preparation are vital during a bull run. Stick to your plan, avoid greed, and always prioritize protecting your capital over chasing massive gains.