AskLeo - What are The Top 3 Mistakes You Definitely Don't Wanna Make This Bull Market?

Whoever still thinks the crypto markets and the traditional markets aren't in a bull market for a good while should definitely reconsider that. The weekly and monthly candles that we see on some of the altcoins are not your typical bear market rallies. The bear market is over; in the case of BTC, it was over since early 2023.

Now it's time for the good times to roll...

They say bull markets climb the wall of worry, and that saying is so true. I mean, there will never be any sort of bell or alarm announcing the beginning of a bull run; it has to start gradually and somehow has to collapse in a blow-off top. It has to; it doesn't mean it will happen...

I have been in crypto for a bit over six years, and despite having quite some experience dealing with digital assets, I have still managed to mess up two bull markets in a row. I am not going to make the same mistakes again, and the following are the top three typical bull market mistakes that I want to avoid.

I almost fell into the one that I will begin with, and this is "chasing pumps." As I witness coins like SOL, AVAX, RUNE, or even XRP pump like crazy, I almost feel like I have once again picked the wrong ones for my portfolio, and not just once I felt like switching lanes.

I will not do that, especially in the middle of the bull market because that's the recipe for success for whoever plans on messing up a whole bull market season. Chasing pumps will lead to missing rallies on almost anything you can imagine, buying tops, and ending up wrecking important funds that you could otherwise use more wisely.

I did this with ATOM, LINK, and XTZ during the past bull market. I refused to buy the bottom when the bottom was there to be bought and ended up buying the top. I kind of did something similar with LEO as well right before entering the 2022 bear market.

Anyway, time to move on, so what's next?

Well, selling too soon is definitely something I am bold about not doing. It's easy to understand why this happens. Bear markets, although shorter in length than bull markets, feel like an eternity, and on top of the time relativeness that steals our confidence, it is also the fear that certain projects won't perform anymore.

I already told my story with DOGE so many times on my blog; it is useless to repeat that again. Many will sell too soon because they don't see where the capital will come for most of the coins to reach new peaks, but I try to stay away from doing that; hence DCA will be my go-to strategy for the current bull market.

I will begin dumping coins from my portfolio as soon as these coins reach half their peaks of 2021 and will keep on doing that all the way up North of their 2021 peaks and beyond. This way, I will be securing profits for sure and will also ride the wave up close to the top.

We can't foresee what the top of a coin will be, and that's why it is important to DCA out of the market and always leave a small portion on the table for "outrageous times." Talking about DCA, I will move to the next mistake I definitely don't want to make again in this bull market, and that is selling too late.

I know that when looking back at a chart after gradually taking profits, it is easy to say that "had you sold all at once near the top," you would have made considerably more money, but how do you know when and what the top will be... You don't, and that's why you should not be greedy and definitely have a plan.

The bull market will be insane; everything will pump, not everything will perform the same, though, but without a plan, one can easily turn a full-blown bull market into a wrecking experience like I did back in 2017 and 2021... What about you, what are your top three mistakes that you definitely wish not to make this bull market?

Thanks for your attention,
Adrian