12 Major Trading Rules to Transform You in the Cryptocurrency World

The cryptocurrency world is a high-risk industry, and understanding and adhering to trading rules is crucial.

Below, I will introduce 12 trading rules for the cryptocurrency market to help you stay rational, avoid risks, and achieve continuous growth.

1. Set Goals: Before making any trades, clarify your trading goals—whether they are short-term or long-term, and whether you are pursuing high-risk, high-reward or stable returns.

2. Act Within Your Means: Avoid blindly following trends or taking reckless actions; choose strategies and assets that are suitable for your risk tolerance and capability.

3. Set Strict Stop-Losses: Setting stop-losses is an important means to protect your principal, as timely stop-losses can prevent further losses.

4. Observe the Market: Closely monitor market trends and news to adjust your strategies in a timely manner and grasp the market pulse.

5. Diversify Investments: Do not put all your eggs in one basket; diversification can effectively reduce risks.

6. Avoid Overtrading: Overtrading increases costs and can lead to incorrect decisions due to emotional fluctuations.

7. Do Not Be Greedy or Fearful: Greed and fear are the two most common emotions; learn to control your emotions to avoid impulsive trading.

8. Learn to Analyze: Master fundamental and technical analysis methods to enhance your decision-making ability.

9. Pay Attention to Risk Control: Reasonably control your positions, avoid excessive leverage, and ensure the safety of your principal.

10. Long-Term Planning: Do not let short-term profits cloud your judgment; have a long-term plan and strategic vision.

11. Respect Market Laws: The market has its own laws and rhythms; learn to respect the market and act in accordance with it.

12. Keep Learning: The cryptocurrency market is ever-changing; maintain a learning mindset to continuously improve your investment skills and cognitive abilities.

In summary, take these rules seriously and continuously summarize your experiences in practice to enhance your capabilities.