Avoid common mistakes in bull market trading
There are many opportunities in a bull market, but if you’re not careful, your profits might just slip away. To earn more money, avoid these pitfalls:
Don’t be too diversified
Don’t spread your money too thin; choose 5-10 reliable projects and focus on making big profits.
Take profits when you can
Don’t always think it can go higher; set a target price, and when it’s reached, withdraw it steadily.
Don’t be led by FOMO
Don’t follow the crowd into high prices; we won’t buy into inflated prices. Entering during a pullback or a quiet period is safer.
Don’t miss new trends
Don’t cling too much to old projects; pay attention to new fields like AI, gaming, public chains, and physical assets.
Don’t trade emotionally
Don’t let fear or greed dictate your actions; follow your research plan and proceed steadily.
Have a strategy
Trading shouldn’t be random; have a clear idea of your entry point, exit point, and how much to earn.
Don’t leave money on exchanges
Your assets need to be secure; quickly move them to a hardware wallet like Ledger.
Don’t fantasize about getting rich quickly
Stop thinking about which coin can multiply a thousand times; look at market cap and token economics, be realistic.
Don’t forget about taxes
Manage your taxes well; use tools like Koinly or CoinTracker to help.
Don’t just listen to others
Do your own research; understand the white papers, token economics, and practicality clearly.
Here are a few more tips
Manage your time well, don’t just stare at the charts.
Try using a dollar-cost averaging strategy; it significantly reduces risk.
Pay attention to the movements of big whales, you can learn a lot.
Celebrate small profits, make sure to secure your gains.
Invest within your means, don’t exceed your capacity.
Smart planning, rapid progress
Making money in a bull market relies on discipline. Stick to your strategy; don’t act impulsively. When opportunities arise, seize them boldly!
Let’s work together to make a fortune in the bull market!
In the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential, with an expected growth of over 10 times being very feasible. If you want to make big money in the bull market, like and comment, and I will help you layout the entire bull market!
