15 Very Important Rules on Binance
Rule 1: Principal First! Always remember, preserving your principal is key to surviving in this market. Saying it three times isn't enough! Many people only think about making money, neglecting the risks, and end up being taught a lesson by the market.
Rule 2: Don't be greedy, earn steadily. Slow is fast. In fact, as long as you are not greedy, making money is not hard; consistent small profits are more reliable.
Rule 3: Diversify your investments, invest in combinations, and leave room in your positions to go with the trend. Never go all in; once the market reverses, you have no way out.
Rule 4: Don't heavily invest, never buy coins in a downtrend, avoid frequent trading, and don't chase rising or falling prices. These are all good habits to leave yourself an exit.
Rule 5: Buy a little slower, buy in batches during sideways movement, and accumulate slowly. Sell decisively, when you reach your target price, sell immediately.
Rule 6: Money can be endless, but you can lose it all. Don't think about consuming all profits; the market can slap you back at any moment.
Rule 7: Opportunities are always there; if the fundamentals of a coin change significantly and are detrimental to its development, you should stop losses immediately. Not doing so might send you back to square one overnight.
Rule 8: If you are investing long-term, you should look at it on a weekly basis, and if you are making ultra-long-term investments, consider it on a monthly basis. If the trend reverses and is in a downward channel, you should secure your profits. What you have in hand is the safest.
Rule 9: The market will always experience extremes and reversals. This will never change; don’t fantasize that the trend won't reverse.
Rule 10: Don't trade without opportunities. Missing opportunities is normal; capturing a portion is enough, don’t think you can grab it all.
Rule 11: Waiting for opportunities is always better than searching for them. Patience is the greatest weapon of a winner.
Rule 12: Stop when you reach your goal; energy is limited! Don't think you can earn non-stop all day; rest after achieving your goals.
#Stocks
Rule 13: Stop-loss is your responsibility; profit is the market's gift. Don’t confuse the two, the market owes you nothing.
#Bitcoin
Rule 14: Money is earned by waiting, not by frequent trading. Don’t think you can earn 100 times in a day; real profits come from waiting.
#TradingCoins
Rule 15: Desire can ruin your mindset, while execution can save you. Stick strictly to your trading strategy, don’t let emotions lead you, and achieve unity of knowledge and action!
