Following the recent positive news based pumps I realized that the longest Bear Market so far has lowered my ability to "think as a Bull".

PPPPP - Prior Planning Prevents Poor Performance (thanks to Clive Owen in an old British TV series) and therefore it's time to start the preparation phase. Here it is what I came up so far.

Bulls are getting ready to charge, though it will take at least an year

1. Focus on taking profits:

1.1. DCA-in has been the Ultimate Pain Killer pill for the past 1.5 years and to avoid becoming addicted, I'm planning to slowly replace this precious medication.

Selling lust a small portion of a heavy bag will prepare me to cope with the Bull Market emotions that we are yet to experience.

1.2. Fight the Greed:

For some people it is counterintuitive to limit their max profit, but this is what separates us from the Smart Money aka Whales.

I'll divide my bags into 5 parts and set increasingly higher limit sell orders for the first 4 of them. Levels will be chosen and firmly set. I'm planning not to change it.

The fifth one will stay untouched, in case it eventually becomes a "Live Changing".

2. Tables will Turn.

Look deeper than the surface

I know most ETF applicants point Coinbase as a source of data to avoid price manipulation. Some think this will propel COIN price even further.

My thoughts are the total opposite. Prior to Spot BTC ETFs approval, I think it is time to Sell (or even better Short) COIN.

2.1. Coinbase gets most of their profits are trading fees. Trading volume is already down 37% between First and Second Quater on 2023.

2.2. They earned 200M from interest partnering with Circle USDC in the second Quarter alone. Most of this will disappear when money starts to flow towards Black Rock and alike.

3. Close the Doors:

Staying focused is the hardest thing to do during a Bull Market

3.1. Disable Reddit/Twitter/WhateverAppYouAreUsingToStayInformed notifications or simply delete it.

Most people know what Buffet said about buying when there's blood on the streets. First part is what we tend to miss the most of the time.

"Close the Doors" is the most important, for it allows you to avoid distracting and stay focused on your Plan Execution.

3.2. Do not compare myself, my profits, etc with others. Jealousy is the sole driver of FOMO and trying to match what others did is the closest path to self doubt and big mistakes.

What do you guys think and will love to hear your suggestions as well.