If you want to treat cryptocurrency trading as a second source of income, wish to get a slice of the market pie, and are willing to spend time learning, it can be said that whether in a bull market or a bear market, these 8 iron rules will be of immense help to you.

1. A sharp drop is the touchstone for quality coins. If the market crashes and your coin only slightly drops, it’s clearly being supported by the whales, refusing to fall. Therefore, such coins can be held with confidence; there will be rewards.

2. Once a main upward wave is formed without obvious volume increase, decisively enter. Hold your coins during volume increases, and hold them if the downward trend is not broken with decreasing volume. If the volume decreases and breaks the trend, quickly reduce your position.

3. After a short-term purchase, if there is no fluctuation for three days, sell if you can. If the price drops after purchase, and a 5% loss occurs, stop loss unconditionally.

4. If a coin has dropped 50% from its high and has continuously fallen for 8 days, it has entered an oversold channel, and a rebound from oversold conditions is imminent; you can follow up.

5. Embrace the trend and act according to it; the price at which you buy is not necessarily better the lower it is, but rather the more suitable it is. You will not gain an advantage simply because the purchase price is cheap. Since a drop does not indicate a bottom, abandon garbage coins; trend is king.

6. Do not let profits cloud your judgment; know that the hardest thing in the world is how to sustain profits. You must carefully review whether it was luck or skill. A stable trading system that suits you is the way to sustained profits.

7. Do not trade for the sake of trading. What does this mean? It means that if you do not have enough confidence that this trade will be profitable, do not force yourself to open a position. Staying in cash is a skill; those who can buy are apprentices, those who can sell are masters, and those who can stay in cash are the grandmasters. The first consideration in trading is not profit but capital preservation. Trading is not about frequency, but rather the success rate!

8. In fact, in a speculative market, being adaptable is the most wrong approach. Use your fixed trading system, responding to changes with consistency in your trading system. It doesn’t matter if you use ten thousand methods; what matters is if you use one method ten thousand times. Staying still is the best defense; often, when you are most reluctant to let go, that is when you make the most mistakes. Understand this deeply!

One trade made over 8000 U.S. dollars; following Brother Jie, I eat nine meals a day! You can choose how much to earn, but I only give this opportunity once. Those who want to get on board should hurry; don’t wait until others have made their profits before regretting it!

The market doesn’t wait for anyone; hesitation means missing out!