Today marks the beginning of a major bull run. Coins jumping 10, 20, 30 percent in a day! History is repeating itself, and we are now in price discovery mode! Here is some advice on how to enter this bull run and leave a with a lovely balance.
1. STOP SELLING LOW!!
Now this a way to come in with some money and lose out on potential profits. If you see that a coin you bought is going lower, DO NOT SELL. This is the dumbest thing you could do. If we look at XRP for example, so many people lost money because they bought when it was high and saw that it was dumping below 50 cents and thought it would go lower, so they sold their XRP when it was low. That is a great way to lose money faster than when you bought! It is now back to the 60 cent region. If you don't know when to sell / buy remember this phrase: "BUY LOW, SELL HIGH!" This means buy when there is a dip (when the coin is dumping) and sell when it is high (when the value is increasing).
2. TAKE YOUR PROFITS AND RE-ENTER
This is a tricky one because the crypto market is quite difficult to predict. When a coin is pumping and you have made a profit, take it out and re-enter when the coin goes lower. This is a good way to make extra profits without selling everything and losing out on extra money that could have been yours!
3. FILL YOUR BAGS
Accumulate as much as you can while the time is right, because at some point its going to be impossible to own even 1 of a coin. Just do what you have to! Mine, Buy, Reward Sites, Trading or anything else! If you cant fill your bags with your desired coin, do be aware that there are so many to choose from! Buy an alt and then sell for that other coin when the time comes.
4. HODL Strong
Stop being impatient and making so many transactions, not only do you lose money on fees from selling but you could miss out on major profits!
Hope this helped anyone, if I left anything out please comment below. Thanks for reading!