During a bull run, markets can be highly volatile, and emotions can run high. It's essential to stay level-headed and make rational decisions to protect your investments. Here are some common mistakes to avoid during a bull run:

1. **Chasing Highs**: FOMO (fear of missing out) can be a powerful emotion during a bull run, leading investors to buy assets at their peak prices. This can result in buying at inflated prices and potential losses when the market corrects.

2. **Overleveraging**: Using excessive leverage can amplify gains, but it also magnifies losses. During a bull run, some investors may be tempted to take on more leverage than they can handle, putting their capital at risk.

3. **Ignoring Risk Management**: Proper risk management is crucial in any market, including bull runs. Setting stop-loss orders, diversifying your portfolio, and having an exit strategy can help protect your investments.

4. **Herd Mentality**: Following the crowd without doing your research can lead to poor decision-making. Just because everyone is buying a particular asset doesn't mean it's a good investment for you.

5. **Not Taking Profits**: It can be tempting to hold onto assets for too long during a bull run, hoping for even higher gains. However, markets can be unpredictable, and it's essential to take profits along the way to lock in your gains.

6. **Neglecting Due Diligence**: With the euphoria of a bull market, it's easy to overlook thorough research on projects and assets. It's crucial to understand what you're investing in and the potential risks involved.

By being aware of these common pitfalls and staying disciplined in your investment approach, you can navigate a bull run more effectively and protect your capital.