Avoiding four trading strategies of fear of missing out (FOMO) to keep you focused in the Bull Market

The encryption market is finally welcoming a once-in-four-years Bull Market, and in the emotionally charged market, there are both opportunities for big pump and the risk of going to zero. This article explores how to stay calm and rational in the market's Fluctuation and is based on an article by the Stock Market & Trading Associa, compiled and translated by Plain Block Chain. (Background: BTC breaks 97,000! CryptoQuant CEO: Current data is similar to the early stage of the 2020 BTC Bull Market) The Cryptocurrency Bull Market has arrived, bringing huge opportunities, but also accompanied by bewildering chaos. The internet is full of 'experts' touting the latest coin for big pump and unbelievable returns. It's easy to get carried away by this hype, but the biggest danger at the moment is not missing out on opportunities, but losing direction. The Bull Market is exciting, full of potential, and may even change lives. But it also comes with high risks—greed, speculation, and overwhelming information can quickly derail even the most experienced investors. If you want long-term success, the key is to learn how to stay calm and avoid the traps that have tripped up many people. 1. Why noise is so dangerous Let's break it down: The Bull Market not only attracts opportunities, but also creates chaos. Suddenly, everyone becomes an 'expert'. Your social media is filled with posts boasting about the latest gains, influencers are promoting the so-called 'next big thing', and YouTube is full of videos promising 'tenfold returns'. This environment easily triggers a dangerous cycle: Fear of missing out: Seeing others making big gains may make you feel left behind. Overtrading: Frequent switching between coins, chasing every big pump, and even abandoning your own trading strategy. Emotional decision-making: Letting speculation and greed override logic and analysis, leading to judgment errors. Remember, those who shout the loudest often have ulterior motives. Many of them are just pumping up their Holdings, using your fear of missing out, or selling you an unrealistic dream. 2. How to stay focused in the Bull Market To find direction in the chaos, you need a plan—and strict discipline to execute it. Here are four key strategies to help you stay calm and avoid pitfalls: 1. Question the 'experts' Where were these so-called experts during the Bear Market? True expertise is not only evident in a strong market, but is honed during difficult periods. Ask yourself: Are these people consistently reliable, or just speculators? Look for traders and analysts with reliable track records who can share thoughtful and logical insights. Example: Real experts may discuss quality long-term projects like Ethereum or BTC during price lows, rather than only hyping up coins after a 200% big pump. 2. Beware of hindsight speculations 'I told you so!' This kind of statement sounds easy in hindsight, but the problem is that it almost never provides solid evidence. follow those who can share predictions and insights in real time, rather than those who only emerge after a big market move. Be cautious of select screenshots or exaggerated success claims. Recommendation: Look for those who maintain transparency in their analysis process, not just flaunting their achievements. 3. Stay realistic Bull Market can create wealth, but Bear Market can also turn it into nothing. Greed can even destroy the most experienced investors. Set realistic goals: Not every trade needs to hit the jackpot; small and steady gains can accumulate over time. Stick to risk tolerance: Never invest more than you can afford to lose. Example: In the last Bull Market, many people made huge profits but reinvested everything, ending up with nothing when the market reversed. Don't let this happen to you. 4. Understand the risks No one—emphasis on no one—can accurately predict this market. Cryptocurrency is inherently speculative. Before investing in any project, do your own research (DYOR). Understand the risks of each asset, from mainstream coins like BTC to more volatile AltCoins. Professional tip: Diversify investments to drop risk, and do not invest all funds in a single asset or sector. 3. The psychology of the Bull Market Let's talk about the psychological aspect of trading. Bull Market not only tests strategy, but also mentality. Emotional peaks: Watching your investment portfolio rise continuously can be exciting, but it's crucial to stay calm. Fear of missing out: Resist the urge to chase every big pump and stick to your plan. The importance of patience: Remember, wealth is not built overnight; it's a marathon, not a sprint. Reflection: Ask yourself, are your decisions based on logic or emotion? Are you sticking to your plan, or are you being led by the surrounding noise? 4. Building a 'marathon mentality' The encryption market is full of excitement, but success comes from long-term planning. follow fundamentals: Invest in projects with strong teams, clear use cases, and long-term rise potential. Learn from the past: Study market cycles, understand the rules of Bull Market and Bear Market. Example: Today's BTC and Ethereum did not happen overnight; they went through years of ups and downs. Those who held on amidst the market noise eventually reaped the greatest rewards. 5. Immediate actionable steps Here are ways you can apply these principles immediately: Review your plan: Ensure your strategy aligns with your goals and risk tolerance. Reduce distractions: Unfollow accounts that create unnecessary noise or hype. Track your progress: Maintain a trading journal, review your decisions, and learn from mistakes. Continuous learning: Keep gaining market knowledge through books, courses, and reliable resources. 6. Conclusion This Bull Market may be a crucial opportunity in your life, but only if you stay focused and disciplined. Forget the noise, forget the 'experts', and stick to a plan centered around your long-term success. Winning in the Bull Market does not come from chasing every big pump or attempting to time the market precisely, but from staying calm, focused, and consistent. Protect your funds, your mentality, and your future. Let's ride the waves smartly together! Related reports: Opinion: The 'top signal' of this Bull Market has failed, and the new Market Maker has not yet arrived. The biggest Alpha in this Bull Market: Musk's trading driving DOGE, PUNT.. legendary surge Concept: The unchanged standard for making money in the Bull Market: Build your own trading system 'Avoiding four trading strategies of fear of missing out, teaching you to stay focused in the Bull Market' This article was first published on the BlockTempo, the most influential Blockchain news media.