Only those who can survive are the kings.
Next, I will share with you the 15 most important rules for survival in the cryptocurrency world.
Rule 1: Principal comes first! Always remember, protecting your principal is the key to surviving in this market. Saying it three times is still not enough! Many people only think about making money and ignore the 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, leave room in your positions, and follow the trend. Never go all in; if the market reverses, you will have no way out.
Rule 4: Don't over-invest, never buy coins in a downtrend, avoid frequent trading, and don't chase after rising and falling prices. These are good habits that leave you an escape route.
Rule 5: Buy a bit slower, buy in batches during sideways movement, and accumulate slowly. Sell decisively; when your target price is reached, sell immediately.
Rule 6: Money can never be earned completely, but it can be lost entirely. Don't think about consuming 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 unfavorable to its development, you should stop losses immediately; not stopping losses may lead you back to square one overnight.
Rule 8: If you are doing long-term investing, you should view it on a weekly basis; for ultra-long-term investments, it should be viewed on a monthly basis. If the trend reverses and enters a downtrend channel, you should take profits and secure what you have. What you have in hand is the most stable; don’t be greedy thinking the market will always go up.
Rule 9: The market will always have extremes. This will never change, so don’t fantasize that trends won't reverse.
Rule 10: Don’t trade without opportunities. Missing opportunities is normal; capturing a portion is enough, don’t think you can get 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 about making money continuously in one day; rest after achieving your goals.
Rule 13: Stopping losses is your responsibility; profits are the market's reward. Don’t confuse the two; the market doesn’t owe you anything.
Rule 14: Money comes from waiting, not from frequent trading. Don’t think about making 100 trades in a day; real profits come from patience.
Rule 15: Desire can break your mindset; execution can save you. Strictly follow your trading strategy; don’t be led by emotions, and achieve unity of knowledge and action!
These rules may seem simple, but they are not easy to execute. Only those who can truly implement them can become the ultimate winners!
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