1. Avoid Over-Expecting a Correction: Believing that the current price has peaked and waiting can lead to missed opportunities of more than 10x.
2. Understand Profit-Taking: Unrealized gains do not count as profits. Reinvesting profits into high-risk coins doesn’t count as profit either. Converting profits into mainstream coins or stablecoins is the way to secure gains.
3. Know When to Stop-Loss: Coins that are consistently in a downward trend without upward momentum should be sold to avoid missing the entire bull market.
4. Pay Attention to Hype and Sentiment: Speculation drives a bull market. It’s crucial to find projects that attract attention and are easy for retail investors to understand.
5. Avoid Being Overly Conservative: Slight negative news shouldn’t trigger bear market PTSD.
6. Don’t Change Positions Too Frequently: Strong-performing coins will dominate the entire bull market cycle, such as MEME and AI.
7. Don’t Try to Predict the Top: This means you’re battling your own greed.
8. Remember the Market is Cyclical: Don’t assume this time will be different or that the next cycle will have smaller opportunities. Every cycle presents different opportunities.
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