15 Very Important Rules on Binance
Rule 1: Capital First! Always remember that preserving your capital is key to surviving in this market. Saying it three times is not enough! Many people only think about making money while ignoring risks, and as a result, they are 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 difficult; stable small profits are more reliable.
Rule 3: Diversify investments, combine investments, and leave room for positions, follow the trend. Never go all in; once the market reverses, you lose your retreat.
Rule 4: Don’t overinvest, never buy coins in a downtrend, avoid frequent operations, and don’t chase highs and lows. These are good habits to leave yourself a way out.
Rule 5: Buy slowly, accumulate during sideways movements, and buy gradually. Sell decisively; reach your target price and sell immediately.
Rule 6: Money can’t be earned endlessly, but it can be lost entirely. Don’t think about eating all the profits; the market can slap you back at any time.
Rule 7: Opportunities are always there; if the fundamentals of a coin undergo significant changes that are detrimental to its development, you should stop loss immediately. Not stopping loss could bring you back to square one overnight.
Rule 8: If you are doing long-term investing, view it on a weekly basis; if you are doing ultra-long-term investing, view it on a monthly basis. If the trend reverses and is in a descending channel, it’s best to cash out. What you have is the safest.
Rule 9: The market will always reverse after extremes. This will never change; don’t fantasize that trends won’t reverse.
Rule 10: Don’t trade without opportunities. Missing an opportunity is normal; capturing a part of it is enough; don’t think of getting it all.
Rule 11: Waiting for opportunities is always better than looking for them. Patience is the greatest weapon of winners.
Rule 12: Stop when you reach your goal. Energy is limited! Don’t think about earning non-stop in one day; take a break after achieving your goal.
#Stocks
Rule 13: Stopping losses is your responsibility; profits are the market's blessing. Don’t get this confused; the market owes you nothing.
#Bitcoin
Rule 14: Money is earned by waiting, not by frequent trading. Don’t think about earning 100 times in one day; true profits are earned through waiting.
#CryptoTrading
Rule 15: Desire can undermine your mindset; execution can save you. Strictly follow your trading strategy, don’t be led by emotions, and achieve unity of knowledge and action.
