Mental Health and Investment Strategies in a Bull Run

We are entering the late stage of the cycle, and the market is starting to show a manic trend. Token prices have skyrocketed hundreds of times, and some even believe that holding Bitcoin is meaningless. NFT transaction prices have also reached astonishing levels. For investors experiencing this cycle for the first or second time, it is easy to lose sanity, staring at the screen all day and ignoring the people around them. This article aims to help you manage these emotions and protect your profits by avoiding excessive greed.

Strategies for Maintaining Mental Health

Set price alerts to reduce viewing frequency

The simplest but most effective method is to set price alerts instead of frequently checking prices. This can save a lot of time each day and avoid checking prices at inappropriate times, such as during workouts, right after waking up, or before going to sleep. Establish clear buying or selling price ranges to free yourself from constant price monitoring.

Focus on personal career development

The vast majority of people's wealth accumulation comes from their own careers. No matter what industry you are in, it is always the top priority to work hard to establish an advantage in your own field. Although tokens often experience astonishing increases in the market, do not let these short-term fluctuations distract you. Allocate specific time periods for researching new projects, but the main focus should be on developing your own career.

Cautiously discuss cryptocurrencies

Discussing this topic with people who do not understand cryptocurrency may only increase frustration. If you encounter questions from the other party, you can simply respond: "I don't know much, I only hold a small amount of Bitcoin." This can avoid pointless arguments and explanations. At this stage, the focus should be on your own investment strategy rather than persuading others.

formulate a "risk mitigation" plan

As assets appreciate rapidly, it becomes crucial to consider how to allocate returns reasonably. One might consider investing part of the funds into relatively stable assets such as real estate and stocks. Clearly defining the specific use of funds can help avoid taking excessive risks in blind pursuit of high returns.

Maintain a healthy lifestyle

Don't neglect your health and personal life for the sake of market attention. Maintain at least 45 minutes of exercise each day and keep up with normal social activities. If you must make trade-offs, you can moderately reduce your exercise time, but the extent should not be too large. Remember, physical and mental health is the foundation for long-term investment success.

Rules of the Goddess of Fortune

Avoid pursuing round number targets

Setting non-integer wealth goals may be easier to achieve. For example, instead of fixating on $1,000,000, set a goal like $876,000. This can help avoid missing opportunities due to market fluctuations when approaching integer targets.

Keep a low profile

Do not flaunt your wealth to others. If you must mention it, significantly underestimate your holdings. Staying low-key not only helps avoid unnecessary trouble but also aids in maintaining a clear mind.

is happy for others' success

Don't be jealous of others' investment successes. Sincerely be happy for others' gains; this positive mindset will bring you good luck. Remember, the market has enough opportunities for everyone to benefit.

Beware of self-inflation

When friends and family who were once skeptical about cryptocurrency start to agree with your views, it may indicate that the market is nearing its peak. At this time, it is important to carefully consider whether to moderately reduce your holdings. Staying humble and rational is crucial for long-term investment success.

By following these strategies and principles, you can maintain mental health during a turbulent bull run while maximizing your investment returns. Remember, the ultimate goal of investing is to improve the quality of life, not just to pursue numerical growth.