A common mistake traders make is thinking in terms of portfolio value “I want to reach this X figure during this bull market,” or for those who didn’t take profits in 2024, “I want to get back to that number.” Instead, you should adopt a long-term mindset, step by step, year by year. Face reality, analyze the cycle in depth, and focus on high time frame patterns. If the market is clearly signaling that it’s time to exit, you need to take profits and protect yourself from a potential new crash. That’s how you safeguard your net worth and give yourself the opportunity to reach your goals later by having liquidity ready for future opportunities. Be pragmatic. Be cynical if needed.