Written by: milesdeutscher
Compiled by: TechFlow TechFlow
Trading in a bull market is harder than you think. 90% of people still cannot make profits in a bull market, don't be one of them.
This bull market may be your last chance to succeed in crypto.
To make more profits in this bull market, you must follow these 15 rules.
1. Keep it simple
As the market heats up, things can get overwhelming.
There will be more disruptions, more opportunities, more noise in the market.
Don't lose your focus. Pick a niche, stay in your lane, find an edge and stick with it.
Accept that you're going to miss out, and live with it.
2. Accept the hype > fundamentals
This can be a hard truth to accept.
But in a bull market, hype and speculation are the most powerful price drivers.
Focus less on fundamentals and more on understanding market psychology.
3. When you have a strong argument, support it firmly
Stay in one market long enough and you'll never change your bets, and the bookmakers will take your money. Unless, when the perfect investment opportunity presents itself, you place a big bet, and you take away the house.
4. Fry the new instead of the old
The market likes to be attracted by new, shiny items.
These new coins will usually outperform the older coins.
Many of the coins with the biggest gains will be newly listed coins, especially those with lower circulation.
5. Don’t let pullbacks scare you
The worst thing you can do during a bull market is get out of the market prematurely.
These dips will test you psychologically, but are completely normal during a bull market.
Minimize leverage on core positions, don't panic, keep the faith.
6. Zoom in on time frames
People focus too much on smaller time frames.
This applies not only to buy/sell, but also to the time frame for evaluating arguments/views.
Don't be intimidated by price fluctuations in small periods that don't matter.
7. Increase your bets on dips
In an uptrend, adding to dips should be viewed as a blessing.
Focus on accumulating strong coins with good gains. These coins tend to rebound the most during rallies.
8. Be long the leader
In narrative, the first-mover advantage is huge.
Usually, holding a leading token in the narrative is a good choice.
9. Intelligent investment
The bull market requires smart investment, and this investment method is very effective. evidence? $DOGE , $SHIB , $PEPE , etc. can all be proven. Try not to let your "wisdom" reduce the winning rate of your investment.
10. Gradually stop profits
It is easy to make money in a bull market, but difficult to keep it.
Take profits regularly and transfer them to a separate cold wallet.
I'd rather give up a small percentage of potential gains than walk away empty-handed.
11. Don’t rotate
As tempting as it is, don’t fall into the cycle of rotating profits from one investment to another
The hot potato game is actually all well and good until you get off the bus.
It is best to pre-set your take-profit and the percentage of profits you will put back into the market.
12. Don’t short
In any trending market, fighting the trend is a dangerous game. Go with the flow.
In cryptocurrencies, long offers a better ROI as it has unlimited profit potential and losses are limited to the initial investment.
13. Leave a little position
Taking profits after making huge gains is prudent. But in a bull market, subsequent gains often dwarf your actual profits.
So after you take profit, you might as well leave some positions to ensure that you retain the opportunity to continue to make upward profits in case things really go parabolic.
14. Refine your sources
Now it's time to organize your Twitter list/Telegram/Discord/YouTube.
Sources of information are very important for your investments!
15. Take advantage of the bull market and increase your positions vigorously!
Bull markets don't last forever.
People in 2017 and 2021 have experienced this firsthand.
Take your chance. Whether it’s airdrops, IDOs, DeFi or trading.
Now is the time to make an effort to participate in this bull market.
