Strategies for Managing Bull Run Sentiment and Protecting Profits

It seems we are entering the later stages of the market cycle, which is often accompanied by some crazy phenomena. Certain tokens are starting to see hundredfold increases, some people are beginning to question the meaning of holding Bitcoin, and the trading prices of NFTs have reached unbelievable levels.

For investors experiencing this cycle for the first or second time, it may feel somewhat overwhelming. This article aims to help you manage these emotions and protect part of your gains by avoiding excessive greed.

Mental Health Management in a Bull Run

Reduce the frequency of checking prices ###

A simple but effective method is to set price alerts instead of frequently checking prices. This can save you a lot of time each day and help you avoid the habit of checking prices in the morning upon waking or before sleeping. Clearly define your buy and sell price ranges so that you won't be constantly focused on price fluctuations in your daily life.

Focus on research and work

The vast majority of people's wealth comes from their own business. Although we focus on internet-related businesses, the core principle remains unchanged: to concentrate our main efforts on building equity in our own enterprises.

Even during market downturns, new projects can see significant gains. However, if you focus too much on these short-term fluctuations, you might overlook your main source of income. It is advisable to allocate specific time periods for researching new projects instead of letting it affect your daily work and life.

Avoid discussing cryptocurrency with outsiders

The cryptocurrency industry has existed for many years, and the basics are well-known. Newcomers entering this field may lack fundamental understanding. Instead of trying to educate them, it might be simpler to just say that you don't fully understand either and only hold a small amount of Bitcoin. This can help avoid pointless arguments and time wastage.

holds "de-risking" assets

During a bull run, your net worth may grow rapidly. When approaching your target number, consider investing part of your funds into more stable assets, such as real estate or stocks. Just because certain tokens experience high increases in the short term, it doesn't mean you should invest all your funds in them. Clearly define the specific use of your funds to avoid excessive risk.

Do not neglect health and personal life.

Maintain at least 45 minutes of exercise every day to keep a normal personal life rhythm. Adjust as necessary based on personal circumstances, but do not completely give up on fitness or neglect family life. In the long run, health and personal relationships are more important than short-term market gains.

Suggestions for Dealing with Market Volatility

Avoid pursuing integer targets

Set specific price alerts instead of pursuing round number targets. For example, don’t stubbornly wait for assets to reach round numbers like 1 million or 5 million, as the market often experiences significant volatility when approaching these figures.

Keep a low profile

Do not boast about your investment achievements to others. If you must discuss, you can moderately underestimate your holdings. Overhyping may lead to unnecessary trouble and could also affect your judgment.

is happy for others' success

Do not envy others' investment success. If someone has made significant profits on a certain project, be happy for them. Maintaining a positive mindset helps you stay rational in the market.

Beware of self-inflation

When the people around you start to agree with your investment views, it may be a signal that the market is about to turn. Stay humble and alert, and do not let short-term success go to your head.

Remember, market cycles are cyclical. Maintain a rational and healthy mindset, and develop a clear investment strategy to achieve success in the long term.