Rules for Survival in the Cryptocurrency World
Only those who can survive are the true champions.
Next, I will talk about the 15 most important rules for survival in the cryptocurrency world.
First Rule: Capital is the priority! Always remember that protecting your capital is the key to surviving in this market. Saying it three times isn’t enough! Many people only think about making 💰 while ignoring risks, and end up being taught a lesson by the market.
Second Rule: Don’t be greedy; be steady. Slow is fast. In fact, as long as you are not greedy, making 💰 is not hard; stable small profits are more reliable.
Third Rule: Diversify investments, combine investments, and leave some room in your positions. Go with the trend. Never go all in; if the market reverses, you will have no way out.
Fourth Rule: Don’t go heavy on positions; avoid buying coins in a downtrend. Don’t trade frequently, and don’t chase prices up or down. These are good habits to leave yourself an exit.
Fifth Rule: Buy slowly, accumulate gradually during sideways movements. Sell decisively; once you reach your target price, sell immediately.
Sixth Rule: 💰 You can’t spend it all, but you can lose it all. Don’t think about taking all the profits; the market can slap you back at any moment.
Seventh Rule: Opportunities are always there. If the fundamental situation of a coin undergoes significant changes that are detrimental to its development, you should stop loss immediately; not stopping loss could bring you back to square one overnight.
Eighth Rule: If you are doing long-term investing, you should look at it on a weekly basis. If you are doing ultra-long-term investing, you should look at it on a monthly basis. If the trend reverses and is in a downward channel, you should take profits. What you have in hand is the most stable; don't be greedy thinking that the market will always go up.
Ninth Rule: The market will always reverse. This will never change; don’t fantasize that the trend won’t turn.
Tenth Rule: Don’t trade if there are no opportunities. Missing opportunities is normal; capturing a portion is enough; don’t think about getting it all.
Eleventh Rule: Waiting for opportunities is always better than seeking them. Patience is the greatest weapon of a winner.
Twelfth Rule: Stop once you reach your goal; energy is limited! Don’t think about making money endlessly in a day; take a break after completing your target.
Thirteenth Rule: Stopping loss is your responsibility; profits are a gift from the market. Don’t get it mixed up; the market doesn’t owe you anything.
Fourteenth Rule: 💰 is earned by waiting, not by frequent trading. Don’t think about making 100 transactions in a day; real profits come from waiting.
Fifteenth Rule: Desire can crush your mindset; execution can save you. Strictly follow your trading strategy; don’t let emotions lead you astray. Achieve unity of knowledge and action!
These rules may seem simple, but they are not easy to execute. Only those who can truly do this can become the ultimate winners!
