After ten years in the cryptocurrency market, starting with a capital of 5000 and growing to over 40 million through trading for over ten years, here are the 24 trading rules I summarized!

1. Capital allocation: Divide funds into ten parts to ensure that the risk of a single trade does not exceed one-tenth of the total capital.

2. Set stop-loss: Immediately set a stop-loss point when opening a position to protect the investment from adverse market fluctuations.

3. Avoid overtrading: Overtrading violates capital management principles and should be avoided.

4. Protect floating profits: When floating profits exceed three basis points, set a protective stop-loss near the opening price to ensure that the principal is not eroded.

5. Follow the trend: Avoid participating in trading when the market trend is uncertain.

6. Wait-and-see attitude: Choose to wait and observe or exit the market when there are doubts.

7. Choose liquidity: Trade actively traded stocks and avoid stocks with insufficient liquidity.

8. Risk diversification: Diversify risk by trading multiple stocks instead of concentrating investments.

9. Order types: Use market orders and limit orders flexibly to adapt to market changes.

10. Holding reasons: Do not arbitrarily end a trade unless there is sufficient reason; consider using trailing stop-loss to protect profits.

11. Profit accumulation: When trading goes smoothly, transfer some profits to a reserve account for emergencies.

12. Avoid temptation from favorable and unfavorable news: Do not overly trust the news being circulated, leading to disruption of your own plans.

13. Avoid averaging down: Avoid averaging down by adding positions, as this may be the biggest mistake traders can make.

14. Be patient: Avoid rushing into the market due to impatience, or leaving the market too early due to a lack of patience.

15. Avoid small gains and large losses: In trading, avoid overlooking potential large losses due to small profits.

16. Stop-loss discipline: Once a stop-loss point is set, it should not be canceled arbitrarily unless there is sufficient reason.

17. Reduce trading frequency: Avoid frequent market entry and exit, as this may lead to unnecessary trading costs and risks.

18. Trading consistency: The willingness to go long or short should be consistent with market trends; this is key to profitability.

19. Avoid emotional trading: Do not buy just because the price seems low or sell short because the price is high; decisions should be based on market analysis.

20. Pyramid adding strategy: Add positions appropriately when the price breaks through resistance or falls below support.