🤑 5 TIPS FOR NAVIGATING THE MARKET DURING THIS BULL RUN 👇
✅ Avoid PERFECTION
Trying to achieve perfect entries or exits, managing capital flawlessly, or pinpointing market tops and bottoms is a futile endeavor. To succeed in this market, being "good enough" is sufficient.
✅ Become an EXPERT
The market has never been as competitive and challenging as it is in this cycle. Merely "knowing crypto" is not enough; instead, you must focus on a specific area or niche and become an expert in it. Building an EDGE is your most important task every day.
✅ Set an Exit Plan in Advance
No one knows how long this cycle will last or how long the downturns and upturns will continue. Preparing in advance is crucial. A good strategy is to set multiple targets, such as a minimum goal, a main goal, and a dream goal, and define the criteria for each. Decide now how much you want to earn and ensure you don't miss that target when you achieve it.
✅ Proper POSITION SIZING
The sheer number of new projects and investment opportunities in this cycle can be overwhelming. Investing in 100 different projects hoping one will give you x1000 returns dilutes your capital unnecessarily. Instead, focus on finding positions or areas where you have the most conviction and allocate more capital to those.
✅ Accept DOWNTURNS
The market corrections we’re seeing now will happen again during this cycle, even in the midst of the biggest uptrends. The market cannot go "only up," and corrections are natural and NECESSARY. The current sentiment shows that many market participants are not prepared for this. Accept that the market will test you, your emotions will swing from euphoria to depression, and the key is to remain a logical thinker and maintain a broader perspective.
💎Channel • 💬 Chat • 🐦Twitter
✅ Avoid PERFECTION
Trying to achieve perfect entries or exits, managing capital flawlessly, or pinpointing market tops and bottoms is a futile endeavor. To succeed in this market, being "good enough" is sufficient.
✅ Become an EXPERT
The market has never been as competitive and challenging as it is in this cycle. Merely "knowing crypto" is not enough; instead, you must focus on a specific area or niche and become an expert in it. Building an EDGE is your most important task every day.
✅ Set an Exit Plan in Advance
No one knows how long this cycle will last or how long the downturns and upturns will continue. Preparing in advance is crucial. A good strategy is to set multiple targets, such as a minimum goal, a main goal, and a dream goal, and define the criteria for each. Decide now how much you want to earn and ensure you don't miss that target when you achieve it.
✅ Proper POSITION SIZING
The sheer number of new projects and investment opportunities in this cycle can be overwhelming. Investing in 100 different projects hoping one will give you x1000 returns dilutes your capital unnecessarily. Instead, focus on finding positions or areas where you have the most conviction and allocate more capital to those.
✅ Accept DOWNTURNS
The market corrections we’re seeing now will happen again during this cycle, even in the midst of the biggest uptrends. The market cannot go "only up," and corrections are natural and NECESSARY. The current sentiment shows that many market participants are not prepared for this. Accept that the market will test you, your emotions will swing from euphoria to depression, and the key is to remain a logical thinker and maintain a broader perspective.
💎Channel • 💬 Chat • 🐦Twitter