Uncle Dog Egg has been fighting in the cryptocurrency world for seven or eight years, exchanging his bald head for 10 iron rules!
I used to be the kind of person who rushed in and lost, chasing highs with a full position and getting cut like leeks.
At my worst, I was 1 million in debt, almost selling my phone to pay off loans.
At that time, I really wanted to quit the circle.
But I gritted my teeth and got through it.
It wasn't luck that helped me.
But rather ten 'life-saving trading iron rules' that I summarized myself.
I can't say I'm doing great now.
But at least it helped me pay back quite a bit of money, and I feel more secure living.
Here are ten pieces of experience that I personally tested and found effective.
I recommend you save this, don't wait until you lose to regret it 👇
🧠 Iron Rule 1: Always only use spare money to enter the market.
If it's not your 'pocket money', don't touch it.
Borrowing money to trade cryptocurrencies or buying coins with credit cards is all a hell mode start.
When you panic, you'll sell chaotically and lose even more.
🧠 Iron Rule 2: Don't buy what you don't understand.
If you don't understand the project, the mechanism, or risk control,
how can you make money?
If you can't even understand the chart, then don't place an order.
This is not investing; it's gambling.
🧠 Iron Rule 3: Never go all in.
If you go in with a full position and make one mistake, you're out.
Buy in batches, sell in batches; even if you make a mistake, you can survive.
Remember, as long as you're alive, there's always a next time.
🧠 Iron Rule 4: Set profit and stop-loss targets.
If you don't sell when it rises and don't run when it falls, you'll end up with massive losses.
I now have a fixed rule: take half out at 30% profit.
Run away at a 10% loss, never look back.
🧠 Iron Rule 5: Don't chase popularity.
When you see trending searches and everyone in the group is shouting,
it's often when the big players are getting ready to harvest.
It's not that you're too slow; it's that they're just about to offload.
🧠 Iron Rule 6: Don't check your account every day.
The more you look at the market, the more anxious you'll feel.
Close the software after your trades.
Staring at the price will only make you emotional and make foolish decisions.
🧠 Iron Rule 7: Don't trust 'big shots' calling trades.
They'll show screenshots of profits, but when they lose, they go silent.
You only see them making 50% on one trade, but you don't see them losing 80% before that.
What others shout about is popularity, not responsibility.
🧠 Iron Rule 8: Remember to review your trades; write down every transaction.
Why did you buy? Did it go up or down after you bought it? Will you do it again next time?
In the long run, it's not luck that determines victory or defeat; it's whether you reflect on your actions.
🧠 Iron Rule 9: Look at the win rate, but also look at the odds.
Don't just look at an 80% win rate; if they only make 5% each time,
losing one trade by 50% wipes it all out.
What you want is stable long-term profit, not relying on one or two explosions.
🧠 Iron Rule 10: When you're hesitant, just don't act.
Impulse is the devil.
You're most likely to make mistakes when your hands are itchy.
Remember this: your mistake isn't in judgment; it's in that moment of action.
🧠 Iron Rule 11: Beware of scammer tactics.
Don't trust the scammers in the comments section.
Real wealthy people won't waste their time here.
In the cryptocurrency world, they don't fear you making money slowly; they fear you dying quickly.
If you're also a newbie in the cryptocurrency world or your mindset is collapsing due to market fluctuations,
I suggest you save this article and digest it slowly.
Don't take the wrong paths I've walked.
Sometimes losing less is the biggest win.#币安Alpha上新 #币安钱包TGE #币安HODLer空投SAHARA #加密市场反弹 #鲍威尔半年度货币政策证词