From a deep loss of 70% to earning 23 million from personal cryptocurrency trading experiences, I have summarized 10 iron rules. These 10 iron rules are invaluable for new investors. Like many retail investors, I have taken many detours, but ultimately managed not only to turn losses into profits but also to earn 23 million. These 10 iron rules are the key to success.

1: When preparing to enter the cryptocurrency market for investment, first make adequate preparations. It is better to enter the market with a small initial amount than to blindly rush in. Be cautious and fully assess the risks and your own risk tolerance.

2: When the cryptocurrency price is in a low horizontal state, and then creates a new low, this is an excellent time to buy in heavily. At this point, the market may have bottomed out, and a significant rebound is expected in the future.

3: When the cryptocurrency price rises, you should sell your holdings in a timely manner; when the price plunges, you should decisively enter the market. During horizontal movement, try to avoid trading, as the direction is unclear and the risk is high.

4: If the cryptocurrency price remains in a horizontal state, this often means it may be a substitute for a drop. At this time, hold on tightly to your cryptocurrency, as there may be a sudden surge in the market at any moment.

5: When the cryptocurrency price experiences a rapid surge, always be prepared to sell, as this kind of quick increase is often accompanied by a possible crash at any time.

6: When the cryptocurrency price is slowly declining, it is a good time to gradually add to your positions, which can lower the average cost.

7: When faced with high and low consolidations, maintain patience and wait. This is one of the secrets of trading. Do not rush to act to avoid unnecessary losses.

8: When the cryptocurrency price is in a high horizontal state and then surges, seize this opportunity to sell and secure profits. Conversely, if the price is in a low horizontal state and then creates a new low, you should buy in fully, as this is a rare good opportunity.

9: Do not sell if the price does not rise; do not buy if the price does not plunge. During horizontal movement, do not engage in trading. Following these principles can help avoid many unnecessary risks.

10: Choose to buy when the candlestick is bearish, and not when it is bullish; sell when the candlestick is bullish, and not when it is bearish.

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