13 Rules for Trading Coins (Worth Collecting)
1. Don’t borrow money to trade coins:
Trading coins is like riding a roller coaster; the risks are very high. Experts never borrow money to play this, to avoid not being able to afford food after losing money; keeping their finances safe is the most important thing.
2. Use spare money to trade coins:
The money for trading coins should be what you don't need urgently; don't risk your meal money. This way, even if you incur losses, it won't affect your life, and your mindset will be more relaxed.
3. Be patient and fish for big catches:
Experts don’t play short-term; they know that frequent buying and selling can easily lead to losses. They prefer to take a long-term view, fishing for big catches, believing that time will prove which coins are truly valuable.
4. Take a break if there are no opportunities:
If there are no good investment opportunities, they will wait patiently and not act rashly. Because they know that opportunities are for those who are prepared.
5. Don’t trust charts too much:
Those colorful charts, while useful, shouldn’t be fully trusted. Experts pay more attention to the overall market trend and the real value of the coins.
6: Stay away from garbage coins
They don't touch those coins that sound dubious and have no substance; they only invest in those that have real value and good prospects.
7. Avoid markets that have dropped significantly
Even the most enticing coins, if they have already fallen significantly, they won't buy. Because they know that such coins may never rise again.
8. When the bull market ends, take a break:
After the bull market ends, they will stop and wait for the market to stabilize before seeking new opportunities.
9. Go in heavy when you see the right opportunity:
Once they find a good coin, they will invest more without hesitation. Because they believe in their judgment and that this coin can make big money.
10. Don’t put all your eggs in one basket:
Even if they have 100,000 on hand, they won't invest it all in one coin. They will spread it out so that if one drops, they won't lose everything.
11. Once bought, don’t watch it every day:
Once they buy a coin, they don’t keep staring at the market every day. Because they know that short-term fluctuations are not important; what matters is the long-term trend.
12. Buy at low prices and wait for it to double:
They like to buy coins when they are cheap and then patiently wait for them to increase in price. Their goal is simple: to double or even more.
13. Have a plan for both profits and losses:
They will set parameters for when to stop losses and when to take profits in advance. This way, they won’t make wrong decisions due to greed or fear.
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