Survival Rules for Making Money in Cryptocurrency Trading (10 Hardcore Truths)
1. A pullback in an uptrend is like an old lover coming back—don’t hesitate, seize the moment. But remember, there’s no coin that only goes up; the harder you compress the spring, the higher it will bounce.
2. A rebound in a downtrend is always a trap. Don’t go against the trend; what you think is a bottom might just be a pavilion halfway up the mountain. Cutting losses in time is better than being a martyr.
3. Look at short-term sentiment, but long-term fundamentals (the underlying strength). Don’t let three bullish candlesticks change your faith; a truly good project can accompany you through bull and bear markets.
4. Bottom fishing? You think you’re picking up bargains, but the big players are laughing at you for picking up flying knives. The real bottom is determined by the market’s money votes, not by shouting it out loud.
5. News? By the time you hear it, the dog players have already sharpened their sickles. The eternal rule of the game is to sell facts after the expectations are built.
6. Leverage is an addictive poison. Enjoying 100x leverage once can lead to a liquidation message that you’ll remember for a lifetime.
7. When even the square dance aunties start discussing Bitcoin, it’s time to go the other way. The crypto world always rewards the minority.
8. Staying calm is 100 times more important than technical analysis. FOMO (Fear of Missing Out) and panic selling are standard ways for retail investors to perish.
9. Reviewing your trades daily is more useful than praying to the God of Wealth. Those who step into the same pit twice do not deserve to live in the crypto world.
10. Only by enduring loneliness can you enjoy prosperity. Holding onto valuable coins feels like watching your money tree slowly grow.
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