How can one successfully trade cryptocurrencies? Once a person enters the financial market, it is very difficult to turn back. If you are currently losing money and still feel confused, but plan to consider cryptocurrency trading as a second career in the future, you must understand the following iron rules of trading! Understanding and grasping these will help you avoid many detours, gained from personal experiences and insights. It is recommended to save this and ponder over it repeatedly!

1. Not cutting losses when losing money and not being able to hold onto profits is a common problem for most retail investors.

2. In investing, the most important thing can be summed up in four words: go with the trend. Shorting during an upward pullback is suicidal, and adding leverage is a fancy way to self-destruct.

3. The direction of the market is the collective expectation of all participants; do not impose your own wishes onto the market. #Solana质押型ETF

4. Winning rate is not important at all; the profitability of a trading system has nothing to do with its opening win rate. Don’t be envious of others making a few points; you don't know how much they are losing. Be patient and wait for your own opportunity.

5. Not every bullish candlestick in the market will earn you money.

6. Opportunities are earned, good hunters are not impatient. In a volatile market, no one can make big money. #大而美法案

7. In the secondary market, there are more operations than just "buy, buy, buy"; closing positions, reducing positions, and being in cash are also operations.

8. For retail investors with several million in capital, there aren't that many imaginary enemies like "big players" or "market makers". Your biggest enemy is your own greed and fear.

9. The secondary market is never short of stars; what it lacks are those who last.

10. 70% of people in the market lose money; really, there aren't that many experts.

11. Stay rational, respect the market; in front of the market, everyone is just a victim. Be cautious, as a sudden wealth event has little to do with me.

12. Some trades, even if you lose, are still right; some trades, even if you gain, are still wrong. #美股代币化

13. Compared to returns, risk control is more important.

14. Do not become emotionally attached to your positions; major losses always come when confidence is slowly building. The trade that makes you lose the most money could very well be the one you are most confident about.

15. Each of the above points is extremely difficult to achieve and requires long-term practice. There is a long, long way to go between knowing and doing. $BTC