Many people mistakenly believe that a bull market is a good opportunity for retail investors to make quick profits, but in reality, it is a trap that accelerates the return to zero. The core reason is simple: profits earned by luck will eventually be lost due to shortcomings in knowledge and operations.

The most confusing aspect of a bull market is that it packages occasional luck as 'talent' and misinterprets short-term profits as 'ability.' As a result, you may unconsciously increase your position, leverage excessively, and rush into inferior cryptocurrencies, ultimately giving back all your earlier gains. Regardless of whether the bull market continues, traders must remain vigilant and avoid these deadly traps.

Trap One: Frequent Chasing of Rising Prices

Seeing other coins soaring and following suit often results in buying at the peak of emotions and selling at the bottom of panic. The speed of sector rotation in a bull market is extremely fast; the hot spot you are eager to chase may have already peaked.

Countermeasure Strategy: Layer positions effectively; core positions should only include high-quality assets that you understand deeply, have strong liquidity, and are resistant to drawdowns; only use a small proportion of aggressive positions to participate in hot spot games, ensuring that even if this portion of funds incurs losses, it does not affect the overall principal.

Trap Two: Getting High on Leverage Operations

Discontent with the 20% rise in spot prices being too slow, opening 10x leverage makes one feel like a chosen trader. However, in a bull market, price spikes are the norm, and a single flash crash of 15%-20% can wipe out your principal.

Countermeasure Strategy: Stay away from high leverage as much as possible; never treat the liquidation line as a stop-loss line; if you must use it, limit it to a very small proportion of funds that you can accept as zero, while strictly executing stop-loss, position reduction, and profit-taking rules.

Trap Three: Mistaking Floating Profits for Real Gains

The numbers jumping in the account continuously stimulate dopamine secretion, and greed will grow heavier until a wave of correction devours all profits.

Countermeasure Strategy: Implement a mechanical profit-taking strategy, for example, withdraw the principal when assets double, and then reduce holdings in batches every time there is a 20% increase; remember, it's better to miss the market 10 times by selling too soon than to lose everything in one go.

Trap Four: Ignoring Wallet Security

Clicking on unfamiliar links randomly, blindly signing contract authorizations, and frequently participating in various interactions with the main wallet will ultimately lead to all the hard-earned profits falling into the hands of hackers.

Countermeasure Strategy: Store large amounts of funds in a cold wallet; use a dedicated isolation wallet for on-chain interactions; regularly clean up contract authorizations in the wallet to prevent hackers from taking advantage.

Even more deadly is that the bull market will 'reward wrong operations': coins bought carelessly double in value, and reckless leverage doesn’t get liquidated. This luck can be mistaken for skill, leading you to replicate mistakes with even larger positions until a price spike brings you back to reality.

Therefore, the safety of the principal is always the top priority: a single asset position cannot be so heavy that it keeps you awake at night; always keep some funds in reserve, and don’t go all in and turn yourself into a gambler.

Ultimately, regardless of the market's heat, you must stick to four bottom lines: reduce frequent position changes, use leverage tools cautiously, insist on partial profit-taking, and ensure wallet isolation. The ultimate goal of trading is not to make the most money, but to survive until the last moment of the market.