As the bull market approaches in 2024, it has become particularly important to seize the critical moment and practice internal strength. Based on a deep understanding of the market and rich investment experience, the author shares several key principles: avoid anxiety about missing opportunities (FOMO), do not blindly chase the market, and continue to research the investment field. These principles are designed to provide investors with solid strategies to emerge from the 2024 bull market and maximize returns.

2024: Bull market mentality

Few people will be in 2024 Become a millionaire in the bull market.

However, "success" only requires a simple set of rules.

After hundreds of investments, I finally established a system!

Avoid FOMO, delve deeper and gain an advantage over everyone?

I firmly believe that 2024 will bring Come the super cycle.

We have never seen anything like it, so we must be prepared.

Without a solid foundation and rules, we will lose real profits while trying to capture the pieces.

I have been in the market for over 7 years and have been through several large bull markets, which has helped me develop my current system of rules.

Go Crypto Full-Time / Join the crypto world full-time

This may sound a little crazy, but I want to be honest with you.

Cryptocurrency is the only place where you can make life-changing money without requiring a large amount of startup capital or a decade of experience.

It is suitable for any age because it gives everyone the same opportunity.

Jumping between a full-time job and cryptocurrency investing could lead to you failing at both, or at least missing out on six-figure profits.

Pick a niche / Choose a niche

This suggestion may sound similar because they serve a similar purpose.

Bruce Lee said it best: "I am not afraid of people who have practiced 10,000 kinds of kicks. I am only afraid of people who have practiced one kind of kicks 10,000 times." ."

If you jump from NFT to margin trading and then back to NFT trading, you will not succeed and will only waste a lot of time and energy.

Enjoy the process / enjoy the process

This is probably the most important part of true "success".

"Life is a journey, not a destination." - Ralph Waldo Emerson

If your goal is to make a million dollars but you hate your life every day, there is no point because eventually you will hate money.

Every day, you will encounter new ideas, problems, and opportunities. Learn to enjoy and overcome them.

Never marry your bags / Don’t fall in love with your positions

This is a rule I learned the hard way.

For a while, I was very fond of the NEAR ecosystem because I was deeply involved in and enjoying the technology and NFT space.

As usually happens, the market turned into bear mode and I went from the position to $4.

Don't over manage / avoid too many tricks

When you start building your portfolio, if you do Too many adjustments and that's a mistake.

It is best to form three types of investment portfolios:

• ► Long term

• ► Medium term

• ► Degen / Short term

Hold your long-term investments for at least a year and then sell when the market is at its greediest out.

For the mid-term, it's more narrative-based, so try to keep track of those narratives and move the camera.

As for the Degen gameplay, it focuses more on meme coins/small market caps, so only invest what you can afford to lose.

Research -> Invest / Research first, then invest

Never invest in something you don’t understand.

If someone tells you to buy something, it's probably the worst thing you can do!

You know nothing about their due diligence, risk management, or portfolio size.

If it starts to fall, you will sell on the first red candle because you have no idea why it should go up.

Take profits / cash out at the right time

This may sound funny, but I made this mistake 100 times.

You look at your profits; you have never seen such huge numbers, but you still decide to hold instead of fixing your profits because you are a diamond hand.

Strong recommendation: Always consider how you will take profits; for example, when tripled, sell 33% of the position to cover your capital.

Of course, this part is very flexible as it depends greatly on the asset itself.

FOMO is your worst enemy

A lot of times you will feel FOMO because someone is making a lot of money and you feel like you There was a chance to make a lot of money like him.

Always remember that opportunities come every day; you need to stay open to them, and the opportunity you seek will eventually come.

Everyone has their own journey; don’t try to follow someone else’s path.

Always pay attention to market sentiment

If you pay close attention to market sentiment and how it reacts to different news headlines, you can spot it early enough The market turns.

This will give you a huge opportunity to respond to the event faster than most participants.

Stay humble / Stay humble

No matter where you are, staying humble is the best thing you can do.

Even if you make a million dollars in one night or lose it all, never forget where you came from and why you did it (never forget your original intention!)

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Never forget the people who helped you in difficult times; always be ready to pay them back tenfold.