A list of personal lessons I have learned for the next bull run.
1. Don't look for what is cheap. Look for what is strong.
2. In a bull market, speculative value trumps fundamental value. Shiny new ideas may pump more than a
3. When you take profit, actually put that money away and use it. Putting your money back in is how you lose money.
4. You don't need to catch every opportunity. You only need a few big wins to make it.
5. Under no conditions should you ever marry your bags.
6. Take what profit the market gives you. Greed for more and the market will take it away from you.
7. Never force a play if you don't have conviction that it's a great one.
8. Emotions are key to getting yourself rekt. If you are feeling too much, stay away from the markets until you can calm down.
9. Pause when you hit it big. Chances are you will fumble the bag if you keep going.
10. Value your sleep and health. If you aren't feeling well don't expect to do well.
11. Ignore social sentiment and focus on your own research and charts.
12. Stop obsessing over positions. The more it consumes you the more irrational trades you will take.
13. Never overtrade. Trading a lot is an illusion of productivity that will stab you in the back.
14. Experiment. The biggest gains often come from new tech that nobody else has bothered to try out yet.
15. Few people actually outperform over holding major assets like BTC and ETH in a bull market. If you don't have that conviction, you are better off holding major assets.
16. Journal all your trades and rationale behind them. If you want a fast way to get better, write it down and take it seriously.
17. Stick with what you are good at. Most people lose money because they try to chase everything. Find an edge with what you are good at and stick with it.
18. Accept your losses. If you trade with the mentality of making back what you lost, you will probably just end up digging yourself a bigger hole.
19. Have other income sources. There are extremely few people that can thrive solely off trading crypto. Having other revenue streams helps your mentality a ton and eases pressure with trading.
20. Working with a close group of friends is better than going at it alone. There is a limited amount of information you can find by yourself.
Are you feeling underexposed?
Don't worry, this current rally is nothing compared to what happens during peak bull.
But if you haven't made a plan yet, now's the time to make sure you have one in place.
π§΅: Here's a simple 5-step roadmap to make it in the bull run.π