How to survive a Bull Market
1. Stick to your game plan
Continue to trade according to your financial plan. Sticking to your plan will ensure you earn profits at higher valuations and earn liquidity at lower prices.
2. Take profit
Yeah, everyone hates the profit-taker, but truth is, most are in it for the money. I’m not saying DUMP your coin, just churn out profits that suit you at regular intervals while maintaining your portfolio according to your plan.
3. SIP/Dollar Cost Averaging
The Systematic Investment Plan (SIP) approach is a great trading strategy in bull markets. It follows the DCA principal. The strategy involves investing a consistent amount of money in a particular crypto.
Unless you’re in it for the long haul and have absolute faith in your project, always exit the market at a particular price based on your TA. Remember, crypto is extremely volatile and you can lose your ass in one day.