One key mistake I see repeated every cycle:

Early bull → you NEED to be delusional. Moon your conviction plays. Don't wait for "new ceilings" because you might be holding the ceiling breaker that becomes your retire play.

Late bull → flip the script. When everyone's numb to 100M/500M/1B/5B FDVs, that's when you aggressively take profit. Ceilings only compress from there.

Most people do the opposite and get rekt.

Be delusional when others are reasonable.
Be reasonable when others are delusional.

That's the edge.