There's a difference between trading in a bull market and a bear market.
In a bear market I've always taken quite a different approach and strategy to the markets.
One of my favorite and proven wealth builders has always been participating in presales.
In a bear market however liquidity is quite thin and although it still pays to look out for some here and there, you shouldn't do it often.
The real opportunities are scarce and you definitely shouldn't participate in a lot.
I've seen 2 previous bull markets however and both times it paid off tremendously to participate or put yourself on the waiting list for as much as 20-30+ projects at a time.
(this is not an exaggeration btw)
Reason being is that you won't get into every single one but they do pay off massively.
Other than that I rotate a WHOLE LOT more in a bullish. environment than a bearish
Other than that I rotate a WHOLE LOT more in a bullish. environment than a bearish environment.
If my projects aren't moving for multiple months or even as little as 1-2 they get cut off immediately.
They can be my absolute favorite but they need to move.
There's no place for favoritism in trading.
In a bearish market however it's quite normal you hold projects for a longer period of time.
You are also less quickly to trigger the sell button for obvious reasons.
Another thing to take note is that your fundamentals should matter way less in a bullish market.
Fundamentals don't alway reign, hype and community interest does.
I will absolutely pull the trigger on a project who's socials are exploding or even enjoy the current narrative with sh*t fundamentals.
The only difference is that I won't hold them to long.
If you've been doing well in today's bearish market it's quite possible you won't necessary do well in the upcoming bull market with the same approach.
Short term but extremely worth it.
All in all:
The same can be said vice versa.
Be more aggressive with your investments when you need to and when you don't need to.
Always respect the cycle.
