Today, I will share with you the 15 most important rules for survival in the cryptocurrency world.
Article 1: Capital comes first! Always remember that protecting 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, resulting in being taught a lesson by the market.
Article 2: Don't be greedy; earn steadily. Slow is fast. In fact, as long as you are not greedy, making a profit is not difficult; stable small profits are more reliable.
Article 3: Diversify your investments, combine investments, and leave room for your positions; go with the trend. Never be fully invested; once the market reverses, you...
If you lose your escape route, you’re left with nothing.
Article 4: Don't heavily invest; never buy coins in a downtrend, avoid frequent trading, and don't chase prices up or down. These are all ways to leave yourself an escape route.
Good habits.
Article 5: Buy slowly, accumulate in a sideways market, and buy gradually. Sell decisively, reach your target price, and sell immediately.
Article 6: You can’t earn all the money, but you can lose it all. Don’t think about consuming all your profits; the market can slap you back at any time.
Article 7: Opportunities are always present; when fundamental changes occur in a coin that are detrimental to its development, you should stop losses immediately. Not stopping losses may result in...
which could make you lose everything overnight.
Article 8: If you are doing long-term investing, consider it on a weekly basis; if you are doing ultra-long-term investing, consider it on a monthly basis. If the trend reverses, you should...
In a downtrend, you should secure your profits. What you have in hand is the most stable; don’t be greedy thinking the market can keep going up forever.
Article 9: The market will always reverse at extremes. This will never change, so don't fantasize that trends won't reverse.
Article 10: Don't trade without opportunities. Missing an opportunity is normal; grabbing a portion is enough; don't think you can take everything.
Article 11: Waiting for opportunities is always better than seeking them. Patience is the greatest weapon of a winner.
Article 12: Stop when you reach your goals; energy is limited! Don't think about making money non-stop in a day; rest after achieving your goals.
Article 13: Stop-loss is your responsibility, while profit is a gift from the market. Don't get this confused; the market owes you nothing.
Article 14: Money comes from waiting, not from frequent trading. Don’t think about making 100 trades in a day; real profits come from patience,
Article 15: Desire can ruin your mindset; execution can save you. Strictly follow your trading strategy; don't let emotions lead you, and develop good habits.
Unity of knowledge and action!
These rules seem simple, but they are hard to execute. Only those who can truly do this will become the final winners!$BTC $ETH #加密市场回调 #白宫数字资产报告