Only those who can survive are the kings.
Next, I will talk about the 15 most important rules for survival in the cryptocurrency world.
Rule 1: Capital comes first! Always remember, protecting your capital 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, ending up being 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 your investments, combine investments, leave room for your positions, and follow the trend. Never go all in; once 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 or falling prices. These are all good habits to leave yourself a way out.
Rule 5: Buy a little slower, purchase in batches during sideways movement, and buy gradually. Sell decisively; when your target price is reached, sell immediately.
Rule 6: Money can be endless, but you can lose it all. Don’t think about eating 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 a significant change that is detrimental to its development, you should cut losses immediately. Not cutting losses may lead you to lose everything overnight.
Rule 8: If you are investing for the long term, view it on a weekly basis; for ultra-long-term investments, view it on a monthly basis. If the trend reverses and enters a downtrend, it’s time to secure your profits. What you have in hand is the safest; don’t be greedy thinking the market will always go up.
Rule 9: Markets will always experience extremes. This will never change, so do not fantasize that trends won't reverse.
Rule 10: Don’t trade without opportunities. Missing out on opportunities is normal; capturing a portion is enough, don’t think you can get them 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 earning continuously in one day; take a break after achieving your target.
Rule 13: Cutting losses is your responsibility; profits are the market's reward. Don’t confuse the two; the market owes you nothing.
Rule 14: Money comes from waiting, not from frequent trading. Don’t think about making money 100 times a day; real profits are earned through patience.
Rule 15: Desire can ruin your mindset; execution can save you. Strictly follow your trading strategy and don’t let emotions lead you; achieve unity between knowing and doing!
These rules may seem simple, but they are not easy to execute. Only those who can truly implement them can become the ultimate winners!#币安Alpha上新 #加密市场回调 #以色列伊朗冲突 #剥头皮策略 #MichaelSaylor暗示增持BTC