Only those who can survive until the end are the true strong.
Here are 15 core rules for survival in the cryptocurrency world:
1. Capital is paramount! Protecting your capital is the key to survival, and it cannot be emphasized enough. Many people focus only on making money and ignore risks, ultimately getting taught a lesson by the market.
2. Reject greed and earn steadily. If you are not greedy, making money is not difficult; stable small profits are more reliable, and slow is fast.
3. Diversify your investments, keep enough positions, and follow the trend. Never go all-in; otherwise, there will be no way out when the market reverses.
4. Avoid heavy positions, do not buy coins in a downtrend, do not operate frequently, and do not chase high or low prices. These are good habits to leave yourself an escape route.
5. Slow down on buying; buy in batches during sideways movements; be decisive when selling and act immediately upon reaching your target.
6. Money cannot be earned endlessly, but one can protect themselves. Don’t try to capture all profits; the market can retaliate at any time.
7. Opportunities are always present; if the fundamentals deteriorate, stop loss immediately; otherwise, you might lose everything overnight.
8. Look at the weekly charts for long-term, and the monthly charts for ultra-long-term. When a trend reverses or enters a downtrend channel, cash out for safety; what you have in hand is the most stable.
9. The market will always react against extremes; do not fantasize that trends will not reverse.
10. Do not trade without opportunities. Missing out is the norm; capturing part of it is sufficient, there is no need to aim for totality.
11. Waiting for opportunities is better than searching for them; patience is the core weapon of a trader.
12. Stop once you reach your target; energy is limited, and there is no need to pursue continuous profits.
13. Stopping losses is a responsibility; profits are a gift from the market, and the market owes nothing to anyone.
14. Profits come from waiting rather than frequent trading; do not think about high-frequency trading.
15. Desire destroys mentality; execution is life-saving. Operate strictly according to strategy, do not be swayed by emotions, and achieve unity of knowledge and action.
These rules seem simple, but they are not easy to execute. Only those who can accomplish this can become the ultimate traders! Follow Jingyi! Continuously share $BTC $ETH