Yao Ge's Trading Discipline: This article is priceless, very short and profound. It is recommended that all retail investors like and bookmark it, and read it at least three times a day!!!

1. Follow the trend: Never catch a falling knife, and never try to pick a top.

2. Variety: Only participate in high volume and good liquidity varieties. Go long on the strongest ones, and hold no more than three varieties at a time. Do not have a preference for specific varieties.

3. Timing: Trade only in markets that have already started. Enter the market after a trend has appeared. If the market is temporarily inactive, why enter? What you should do now is nothing. Why not wait until it clearly starts before entering?

4. Capital management: (1) The initial position should not exceed 10% of the total capital. It is common to see the market move in the right direction without making a profit; one reason is having too heavy a position, which causes psychological pressure, and being washed out due to minor market fluctuations. Another reason is poor timing of entry. (2) After consecutive wins in the market (profits over 50%), withdraw 40% of the profits for urgent needs. If losses exceed 5%, reduce the initial position capital by half.

5. Stop-loss: Set stop-loss points and stop-loss amounts before entering each trade. $BTC