Bull Runs Can Be Deceiving!
Rememeber, the market is desinged to test your psychology to the most extremes, and then more.
Don’t be that guy. Don’t let the opportunities slip you by.
Here are the 15 rules to follow in order to maximise your profits in this coming bull run. (Stick around long enough and see the bonus rule to maximise profits at the end!)
1. Keep Things Simple.
Especially now with the #BTC correction/downtrend post #halving, bringing extreme fear into the market.
Distractions, opportunities, NOISE.
Don’t lose focus. Stay patient. Stay prepared.
Pick a niche, #AI, #DePIN, #Gamefi, #meme etc.
Learn your specialty, stay in your lane, find an edge and stick to it.
Accept you will miss opportunities and be ok with it.
2. Accept Hype is Often = Fundamentals.
This is likely a curveball to hear.
Focus less on fundamentals and more on understanding market psychology. Hype = Market psychology. Market Psychology = Fundamentals.
Like rule 1 says... Keep things SIMPLE.
3. Everyone Loves That 'New Coin Smell'.
An extension of rule 2. The market typically loves to gravitate in the direction of 'dem new and shiny 'tings.
These coins often outperform their older predecessors.
Out with the old, in with the new?
4. Taylor Swift Was Wrong.
Don't get shaken out.
During a bull run, the worst thing you can do is get shaken out prematurely, putting yourself in a short squeeze position. No room for #FOMO, when selling or buying.
These dips will psychologically test you, but are completely normal during a bull run.
Minimise leverage on core positions, don’t panic and keep conviction.
Important Notice: This image is definitely not Taylor Swift, despite any uncanny resemblance to the pop star. Completely and utterly fictional. We swear. Image courtesy of Bing Co Pilot.
5. When in Doubt, Zoom Out
People get way too caught up on smaller time frames.
This doesn’t only apply to buying and selling, but also the time frame in which you evaluate a thesis/idea.
Don’t let inconsequential price movements deter you.
Always, always keep the higher time frame in mind.
6. Buy The Dip (Not the French Onion kind)
Focus on accumulating the strongest coins that hold up well. These often pump the hardest on the rebound.
Minimise risk, buy spot.
A wise man probably said: “The market is dumpiest before it is pumpiest".
7. LoWeR yOuR iQ.
Don't be as smart as you think you are - that's exactly what the market wants!
Don’t laugh - it works. Evidence?
$DOGE, $SHIB, $PEPE
Etc.
8. Take Profits.
Take profits often and move them into a separate cold wallet for safety. Don’t be stupid, don't be greedy.
Better to give up small percentages of unrealised profits than to walk away empty handed.
9. Put Your Money Where Your Mouth is!
If your not willing to do this, then your thesis simply isn't good enough.
Back your thesis with conviction if you believe it works.
Size up when the market aligns.
"Because the house always wins. Play long enough, you never change the stakes, the house takes you. Unless, when that perfect hand comes along, you bet big, and then you take the house."
- Danny Ocean, Oceans 11
10. Don't Rotate.
As tempting as it is, don’t get stuck in the loop of rotating profits from one coin to another.
Take it from personal experience and learn from my mistakes. This is a sure fire way to siphon your holdings to the fat cats.
Instead, predefine a % of your profits to go back into stables vs into the market.
11. Long Live the Kings
Within a narrative, the first mover advantage is substantial.
Oftentimes sticking to the kings of a specific trend is a better R/R play than longing the lower-cap beta plays.
#Bitcoin, #Ethereum #Solana #BNB
12. Don’t Short.
Fighting the trend is a dangerous game in any market.
13. Filter Your Information Sources.
While things are trending down, ranging or chopping, use the time effectively to organise your twitter/telegram/discord/youtube lists. Pan for the gold nuggets and throw back the sediment.
Your results are equal, but not limited to the information you put in.
14. Leave a Moon Bag
15. Strike While the Iron's Hot.
These conditions won’t be around forever.
Those who were around in 2017 and 2021 have experienced this first hand.
Now is the time to get stuck into the nitty gritty bittys and get involved.
Live, learn, leverage.
BONUS
Before I let you get on with it, here is something to consider always:
When trying to make money, act slowly.
When trying to protect money, act quickly.
If you must, tattoo this on the back of your eyelids, see it every time you blink and read it in your sleep!
Disclaimer.
This arrticle is for educational purposes only. This is not financial advice or recommendations to buy specific coins or token. Always DYOR. Your investments are your responsibility.
Ryan Turnbull
Introducing Ryan Turnbull, a passionate Australian Chief Vibe Officer at Wizardia. Among many things, Ryan builds Wizardia’s community, creates captivating live streams, forms partnerships with other web3 projects, and produces engaging video and blog content. With his expertise, Ryan introduces crypto gaming to both masters and beginners, fostering a vibrant, exciting and supportive environment.
Contents
Further reading
All articles
Pay-to-Win in Web3: How Can It Help
Pay to Win is where a player can use additional funds outside the initial price of the game to gain an advantage against other players, usua...
What Is Tokenomics? [Understanding the Token Economy]
Many people new to Web3 believe that any crypto coin can become as big as bitcoin or Ethereum, even if nothing could be further from the tru...
6 Crypto Staking Misconceptions & Myths [2022]
Like most things in the crypto world, it can be hard to wade through all the information on staking. Your colleagues and friends likely have...