Crypto Survival Rules 🚀🚀🚀
Whoever can survive is the king! Crypto Survival Rules
Only those who can survive are the kings.
Next, I will share with you the 13 most important rules for survival in the crypto space.
Rule One: Capital First! Always remember, preserving your capital is key to surviving in this market. Saying it three times is not enough! Many people only think about making money, but ignore the risks, and end up being taught a lesson by the market.
Rule Two: 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 Three: Diversify investments, use a combination of investments, and leave room in your positions to go with the trend. Never go all-in; if the market reverses, you will have no retreat.
Rule Four: Don't over-invest; never buy coins in a downtrend, avoid frequent trading, and don’t chase prices up or down. These are good habits to leave yourself a way out.
Rule Five: Buy slowly, accumulate in a sideways market, and buy gradually. Sell decisively; when your target price is reached, sell immediately.
Rule Six: Opportunities are always there; if the fundamentals of a coin undergo significant changes that are detrimental to its development, stop loss immediately—failing to stop loss could take you back to square one overnight.
Rule Seven: If you are investing long-term, view it on a weekly basis, and if doing ultra-long-term investment, view it on a monthly basis. If the trend reverses and is in a downward channel, it’s best to take profits. What you have in hand is the most stable; don’t be greedy thinking that the market will continue indefinitely.
Rule Eight: The market will always have extremes and reversals. This will never change; don’t fantasize that the trend cannot reverse.
Rule Nine: Don’t trade without opportunities. Missing opportunities is normal; capturing a portion is enough, don’t think you can have it all.
Rule Ten: Stop when you reach your goal; energy is limited! Don’t think about making money endlessly in one day; rest after achieving your goal.
Rule Eleven: Stop loss is your responsibility, profits are the market's gift. Don’t get it confused; the market doesn’t owe you anything.
Rule Twelve: Money is earned by waiting, not by frequent trading; don’t think about making 100 trades in a day.
Rule Thirteen: Desire can undermine your mindset, while execution can save you. Strictly adhere to your trading strategy, don’t let emotions lead you, 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!
