Don't hold onto losing positions: The money earned by holding onto positions will eventually be lost due to 'holding' losses.
Don’t guess the top or bottom: The profit from guessing correctly once will be wiped out by countless wrong guesses.
Guessing the top or bottom often means you're halfway up the mountain: The market's extreme conditions far exceed what ordinary people can imagine.
Don’t rely on news: Most news is an excuse for 'guessing the top or bottom,' which instead interferes with judgment.
Don’t exit too easily when profitable: Exiting too early might cause you to miss trend opportunities (running halfway up the mountain).
Don't let big bullish or bearish candles confuse you: Many times it’s just the big players 'performing' for retail investors.
Don’t treat a certain market movement as the last wave: As long as your capital is intact, opportunities are always there; if the green mountains remain, you are not afraid of firewood running out.
Don’t trade frequently: It will lead to losing direction, increasing the error rate, and accumulating transaction fees, resulting in a loss.
Do not take counter-trend positions: Hold onto profits during a trend, and cut losses in against the trend.
Don’t decide trades based on price levels: If the trend hasn’t changed, low prices may go lower, and high prices may go higher.
Don’t treat trading as your main job; stop staring at the market: Time spent watching the market is often inversely proportional to earnings.
Don’t easily trust others' opinions: In the end, you can only rely on your own judgment.
Don't make big mistakes: Missing out is not a mistake, cutting losses is not a mistake, but holding onto positions with high leverage until liquidation is a fatal mistake — a single liquidation can wipe out all previous profits.
Stay away from people who drain your attention: Ineffective socializing only wastes time, especially in circles that are long-term addicted to idle chatter, ultimately achieving nothing.
Without sufficient understanding, you can't make money by following others: The crypto world changes too fast, and you can't keep up with others' thought processes. Remember: slow is fast; a 20% annual return can actually beat 95% of investors (this is a fact, as shown in the annual reports of the securities regulatory commission).
Many people think making money in the crypto world is easy because they see big players showing profits every day. But the truth of the capital market is: making money is inherently difficult. Instead of fantasizing about making easy money by following others, it's better to calm down and learn — learn from others' strengths, understand their logic, and ultimately form your own system. This path applies in any trading market.
I am an old player in the crypto world, follow @加密玖 . I provide both fish and teach fishing — taking you to double your small investment in a bull market and be the sharpest knife in the market!
