Years in the crypto world have led to trading rules summarized from real experiences, and I believe they will definitely help you!
1. Only chase strong coins: Focus on high-quality coins with an upward trend, and stay away from coins that are declining.
2. Lock in the market's main line: When there is no clear main line, risks outweigh opportunities; it's better to stay out than to act blindly.
3. Scientifically diversify positions: Operate with multiple accounts, holding no more than 4 coins at a time to avoid putting all eggs in one basket.
4. Avoid ineffective trading: Frequent buying and selling is a wealth killer; unless you have top-notch short-term skills, minimize activities.
5. Know when to stop: Pause trading and adjust your mindset after a big loss, and stay clear-headed after a big gain to prevent profit erosion.
6. Enter the market in batches to hedge: Even for coins you are optimistic about, don't invest heavily all at once; build your position in batches to spread risk.
7. Refuse to over-monitor: Spending 1-2 hours a day on review is sufficient; closely watching real-time data can disturb your mindset.
8. Strictly follow the trading plan: Formulate strategies through review before trading, but prediction does not equal forecasting; respect market choices.
9. Risks outweigh rewards: It’s better to miss an opportunity than to take risks and incur losses; there will always be opportunities in the market.
10. Utilize trading logs effectively: Record the details and lessons of each trade, as this is a core tool for enhancing trading skills.
11. Accurately capture hotspots: Operate according to the process of “prediction - trial and error - confirmation - correction - scaling up,” ensuring that trial and error costs are controllable.
12. Persist in deep review: Regularly revisit trading records, turning failures into experiences to achieve cognitive enhancement.
