Bull markets are to enjoy the rise.
Though, ensure you’re not participating by buying at high valuations.
Avoid froth. When you pay premium valuations, buy only those businesses you have neck deep conviction in.
If you don’t have conviction to buy when valuations are premium, it’s better to wait for few days for the rally to cool off.
Avoid FOMO, fear of missing out, at all costs.
Stay sane, avoid getting carried away with emotions.
Last but not the least, only buy when you see undervaluations. Else, it’s better to preserve cash.
Let your winners ride high. It’s foolish to exit completely when markets are high & later on seeing it go higher & missing out on all the potential gains.
