The Eight Principles of Livermore, especially useful in the cryptocurrency world:
1. Counter-cyclical operation. The more FUD, the more opportunities there may be.
2. Follow the trend. Move less in bear markets, act aggressively in bull markets.
3. Chase the leaders. Buy the front runners.
4. Buy in batches. Consider adding when prices rise.
5. Control emotions; do not gamble.
6. Wait for good opportunities to take action.
7. Determine direction based on the path of least resistance.
8. Run fast. Once something feels off, decisively protect your principal or minimize losses.