A bull market is not the time when retail investors make money fastest, but the time they go to zero the fastest.

The reason boils down to one sentence:
Money earned by luck will eventually be lost by skill.
A bull market amplifies luck into "talent," packages short-term victories as "ability," and in the end, you use bigger positions, higher leverage, and worse coins to give back all your previous gains.
Whether the bull market is still here or not, I hope everyone can stay clear-headed at all times.

//
Pitfall 1: Frequent switching.
You sell at a loss to chase whatever others are pumping, only to always buy at the emotional peak and sell at the panic bottom.
Bull market rotations are extremely fast, so what you’re chasing might be the top.
Survival rule: First, layer your positions—core holdings should only be a few assets you truly understand, with good liquidity and able to withstand drawdowns; use your attack position to chase hot spots, and keep it small enough that you can afford to lose it.

//
Pitfall 2: Leverage addiction.
Earning 20% on spot feels slow, so you open 10x thinking you’re a chosen trader.
Reality is, bull markets often have sharp wicks; a single 15%-20% flash crash can wipe out your principal.
Survival rule: Stay away from high leverage as much as possible, and don’t treat the liquidation line as your stop loss; if you must use leverage, only use a tiny amount you’re willing to lose entirely, and strictly enforce stop loss, position reduction, and take profit.

//
Pitfall 3: Treating paper profits as real money.
Watching your account balance jump gives you dopamine, making you greedier until a drawdown wipes out your profit.
Survival rule: Automate your take profit. For example: sell your principal after doubling; then for every 20% increase, sell a portion in batches.
Better to miss out 10 times than to go to zero once.

//
Pitfall 4: Ignoring security.
Randomly clicking links, signing authorizations, using your main wallet everywhere—eventually all your profits go to hackers.
Survival rule: Store large amounts in cold wallets; use isolated wallets for interactions; regularly clean authorizations.

//
More dangerous: The bull market "rewards mistakes."
You randomly double your money or use leverage without getting liquidated, mistaking luck for skill. Next time, you repeat the same mistake with a bigger position until a single wick brings you back to square one.
So, capital preservation comes first: never bet so much on a single asset that you can’t sleep at night; always keep ammo, never go all-in and turn yourself into a gambler.

//
So, always keep calm and stick to these four rules:
Switch less / Use less leverage / Take profits in batches / Separate wallets
The goal is not to make the most, but to survive till the end.