Bull Market FOMO Guide
-How to trade profitably in a bull market?
-How to make money without trading in a bull market?
-Dealing with FOMO
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Bull Market FOMO is real-
I've been in the market for 8 years and I still fight FOMO.
I deal with it by having a clear plan and executing that plan regardless of how I feel.
I'll teach you to build yours:
1. Should you trade in a bull market?
Yes- Only if you have a journal full of data that shows you're a profitable trader.
Otherwise, avoid trading because you can still make SERIOUS money without it.
In 2021, $BTC went ≈15X from the bottom, $ETH went ≈40X and $SOL went ≈200X.
These aren't shitcoins so having passive exposure to them would have made you INSANE gains in the bull market while keeping your bets relatively safe.
You can do the same in this cycle.
How to Buy:
1. Decide what % of your net worth you want in Crypto.
Then lump sum or Dollar-cost-average in to invest.
I prefer a lump sum buy-in.
2. Decide your asset split.
I usually go mostly $BTC, some $ETH/$SOL, and 0-15% altcoins with hot narratives.
This is a great way to make "boring" but high-probability gains while leaving enough to catch some 10-20X gains.
How to sell?
Look up "rebalancing"
1. Rebalance altcoins into $BTC and $ETH/ $SOL
2. Rebalance crypto into the rest of your assets
Rebalancing protects you from euphoria and analysis paralysis.
How to manage FOMO?
When you see someone make 100X overnight or influencers post $1Mil+ positions, it will make you want to bet more
But what you don't see is the 1000s of people who lose millions.
Always ask the following question first before making any impulse decisions:
"Was this skill or a low probability survivor?"
-If a skill, first learn it and THEN try to replicate it.
-If just a gamble, ignore it. Just because people win the lottery doesn't mean you should buy tickets.
Finally, remember protecting from loss is always more important than… x.com/i/web/status/18592356758...
Just shared my market thoughts + latest $BTC trade in my Private Telegram.
I'll even share a full course worth $1000+ for free.
Join now to access everything:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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