I have been immersed in the world of cryptocurrencies for years: I have won, I have lost, and I have learned valuable lessons.
I have not yet reached my first million, and I have discovered that the key is not in the market, but in my own mindset and habits.
Here I share 10 simple rules —in the first person— for those starting without prior experience.
1. I value the size of my capital
I understand that if my budget is limited, I must take care with every investment decision.
I never put all my money in at once: I always reserve a cushion to protect me from unexpected movements.
2. I only participate in projects I know
I avoid investing on impulses or recommendations on social media.
Before committing funds:
I research the mission of the project.
I review who makes up the team.
I analyze their roadmap and achievements.
Only when I understand the initiative well, do I decide whether to invest my money.
3. News can be exit signals
When positive news drives the price up, many investors take the opportunity to close positions.
If I don't adjust my investment that same day, I try to do so at the opening of the next day, before the enthusiasm dissipates.
4. I protect my capital during low activity seasons
Before holiday or festive periods, I reduce my exposure.
Low liquidity and movements are more erratic.
I prefer to disconnect and celebrate calmly rather than risk sudden losses.
5. I buy on dips and sell on rises
This key principle helps me stay calm:
“I contribute a portion when the price drops… and withdraw a portion when it rises.”
This way I diversify my risk and always maintain liquidity for new opportunities.
6. I prioritize assets with high liquidity
Projects with low volume can promise big gains, but they can also trap my money.
I always choose those with enough movement: they allow me to enter and exit easily.
7. I distinguish quick corrections from continuous declines
A sharp drop is sometimes corrected quickly: that's where I can take advantage.
In contrast, a slow decline usually indicates lasting weakness.
I observe the pace of variations before deciding.
8. I set automatic loss limits
If an investment doesn't turn out as expected, I don't cling to the mistake.
I define in advance how far I can tolerate the drop and let my system close the position for me.
This way I avoid impulsive decisions.
9. I maintain simplicity in my decisions
Instead of complicating myself with a thousand tools, I rely on clear concepts: liquidity, trend, and risks.
A simple strategy understood in depth surpasses many complex ones without mastery.
10. I cultivate discipline and self-control
My greatest asset is not money, but my ability to manage emotions.
I control:
Greed.
The fear of missing opportunities.
Impatience.
The desire to trade without reason.
With patience and discipline, opportunities come when I least expect them.
