How To Embrace The Bull Market

Bitcoin has reached a new all-time high, Trump has won the election, and you’re facing the dilemma of whether to wait for a pullback or jump into your favorite altcoins before it’s too late.

Today, we will learn about how to embrace the bull market and avoid repeating some mistakes so we can enjoy this wild ride.

Over-excitement, fear of missing out, checking the chart of your favourite altcoins every 3 minutes—so many emotions! It’s like watching your child compete in a sports event, finally performing well after years of waiting. And in this case, your child is BTC. Take a step back and create a strategy that can make all the difference between a new crypto investor and a pro.

Let’s discuss a few things that can help during this thrilling yet challenging phase:

1. Avoid FOMO

You may feel like you missed the train and it’s too late. The fear of missing out (FOMO) is a powerful motivator in crypto markets, especially when you see others making quick gains. Don’t worry—your turn will come, and your bags will pump too (if you invested in good ones). So, don’t rush to jump on coins that are pumping hard. Doing this will only make you exit liquidity for those who bought early. Remember, not every project will sustain its growth, and jumping in too late can lead to losses if you buy at the top. Take the time to assess whether an asset has real value or if it’s just riding the market wave.

Also, this is just the start of this thrilling journey, not the end, so calm down a bit.

2. Not Too Much Diversification

Diversification is good, but not too much. Let me explain this with a real-life example. I married four women instead of one, thinking if one starts acting weird, I could just move on to another. But trust me, it only looks cool from the outside—it’s way more difficult to manage four! So my advice is to marry only two women; it’s much easier to handle.

Same thing when it comes to investing, fewer bags, easier to handle. Diversification is important, but overdoing it can reduce your exposure to good gains and make it harder to keep track of everything.

3. Embrace Pullbacks as Opportunities

Always wait for reversals and keep an eye out for pullbacks. There’s a good chance you might get a better entry point.

Now this is a common thought, ‘What difference does it make in the long run if I buy a crypto at the current market price of $4 instead of waiting for a limit order at $3?’ While it’s true that a small difference might not make a huge impact short-term, this article is all about maximizing your earnings in this bull run, right?

In the long term, it makes a huge impact. When the price of this crypto reaches $12, an entry at $3 means your investment will grow to 400% of its original value. In comparison, an entry at $4 would grow to only 300% of its original value.

And if the price doesn’t drop to fill your limit order at $3 and pumps directly, leaving you behind, then you can happily sue Annii.

4. Keep Booking Profit on the Way Up

This might start sounding boring because I mention it a lot, but I don’t care if it’s boring—it’s crucial! Hold onto your diamonds hands, but keep taking some profit along the way. This strategy helps in a few ways:

• Mental Peace: When you secure your initial investment, you feel stress-free knowing your risk in this asset is now zero. Each time you take some profit, it gives you a sense of victory and boosts your confidence. This is important for traders, as it rewards you psychologically, helping your biological ‘motors’ relax and recharge with fresh energy.
• Never Run Out of “Dry Powder”: This approach ensures you always have cash on hand. Sometimes, you’ll find a great project but lack stablecoins to invest—that’s a frustrating feeling. On the other hand, when you find a good project and have funds available from profits booked on other investments, it brings not only happiness but also the chance to generate extra profits by reinvesting.

5. Be Humble

It’s time to take revenge on those friends and relatives who said the Bitcoin hype was over when the price dropped to $15,000 in December 2022. Call them up and say, ‘What’s up bruv? Can you please check the price of Bitcoin? Don’t bother, I will tell you. It is 80,000 United States Dollars for one Bitcoin!’

Nah, it’s not worth wasting your energy. Stay humble and keep grinding but this is the best time to put your 100% efforts. Focus on making new gains and seeking fresh opportunities in the market. When the bull market starts—or is just about to start—that’s the best time to channel your energy into the market, not into proving a point to your friends and relatives.

People who have been grinding for the last two years, and those who work hard now to find something amazing, could end up making the same amount of money.

6. Change of Trading Style

This is more relevant for traders who trade in futures than for investors. The strategy you were using may or may not work in a bull market, even if it’s a solid one. You might wonder why your strategy isn’t working, even though it seems perfect. The truth is, while your strategy might be good, market conditions change, and you need to adapt to the new market environment.

This is also why trading bots aren’t always successful. They can generate profits for a while, but they don’t work over longer periods because they can’t adapt when market conditions change.

So, you might need to adjust your trading style accordingly.

Thank you.