You have to get this straight: it is almost impossible to sell anywhere near the bull market top.
Especially for you, reading this, it is even way more improbable for you specifically to sell the top.
There are a few psychological tricks that the bull market uses in order to keep you poor, and only a very small % of people will manage to sell the top.
I shouldn't be telling you this, in fact the more dummies around me, the more money I can make out of you, but I figured that if you care enough to read my long form articles, then you deserve to know what I know.
If you don't sell at a profit, everything you have been working for over the past 3-4 years will be for nothing, and it will mean nothing.
Once you understand this, and not just know, but truly understand, hopefully you will put more brain time into the matter.
First of all, it is important to know that intuition thrives in the midst of indifference and dies in the midst of fear. Understand this and you will have half the psychological battle won: things that are obvious in hindsight, will become obvious at the moment for you as long as you are able to detach yourself from any desire and fear and fully trust your intuition.
I don't have any big dreams, life changing hopes or aggressive goals when it comes to money. To me, money is just a means to an end and even though I do have plans, they do not revolve around money made in the bull market and my future is not going to be defined by the bulls - of course life can change depending on how good I do during the bulls, but my life does not depend on this - so I have no fears nor desires.
The top
At the top, everyone will be bullish (peer pressure), you will not have seen red candles in some time (recency bias) and more money than you could have ever imagined is just a 2-3x away (hope).
Let me expand on these
Peer pressure is a helluva drug and you can do nothing against it. You are being influenced by the group of people you surround yourself with, and Crypto Twitter and InLeo are going to be max bullish at the top. But that is not all, hedge funds and countries will be max bullish as well.
Are you going to stay sidelined while everyone else is making even more money? No, i don't think you will (like cap).
Recency bias. you have seen nothing but green candles for a month or two, and any red candles have been bought up quicker than Larry Fink can say "up". Even if you tried to imagine a red candle, you can't. The idea of price going down is so distant to you and you don't have the time or mental capacity to imagine anything like that while you are so busy bull posting on twitter.
Hope is the last of the three musketeers that will hammer the nail of regret on your grave. As of right now, you expect some upside and likely have a number in your mind. At the top, you will hit this number, and you could sell it all then, but you won't. and it is crucial to understand why you won't sell.
Let me present to you the power of exponential growth in combination with hope.
Why will you not sell? Because 5 months ago, when you started with 10k, 3 million dollars were unimaginable, but now, while you're sitting at 1 million dollars, 3 million is not only imaginable, but close, very close. It is so close you can almost grab it, there is hope, It's ACTUALLY possible. 5 months ago it wasn't, but now it is, and what is another 3x after a 100x? Nothing.
"I started with 10k and did 100x, an extra 3x is nothing. it can easily do another 3x"
Yes man. yes it can. it can easily do another 3x. You would be a fool to take profit here. You are here for generational wealth. 5 months ago 1 million was just a dream, now 3 million is POSSIBLE, within reach, and that's all that matters, that it's possible.