What really determines whether you can profit is never how accurately you can predict the market, but whether you can control your actions and protect your capital.
Here are a few operational rules to share with my brothers:
1. Insure your positions: Refuse to go all in; only use spare money to enter the market.
A single cryptocurrency position should not exceed 30% of total funds, and high-risk altcoins should be ≤10%. This way, even if there is a market crash, it won't cause significant harm.
Only invest "spare money that won’t affect your life"; with a stable mindset, you won't be driven by panic and greed.
2. Draw a line for trading: Set stop-loss and take-profit levels in advance; stay out if uncertain.
Before each trade, think clearly: for example, take profit in batches if it rises by 20%, and cut losses directly if it drops by 10%. Do not hold onto the illusion of “waiting to break even.”
When the market is unclear, it’s better to stay out than to fear missing out. Many people lose money by impulsively trading in uncertain market conditions.
3. Decouple from market sentiment: Don't chase trends; stick to reviewing your trades.
Hot trends and favorable news are mostly what others want you to see. Don’t chase highs or blindly trust insider information to avoid becoming a bag holder.
Spend 10 minutes every day reviewing: Did you execute according to plan? Were you emotional? Write down mistakes to avoid making them again.
4. Deeply research your targets: Understand 2-3 assets and focus on long-term logic.
Instead of flitting between hundreds of coins, it's better to closely monitor 2-3 and thoroughly understand their volatility patterns and funding rules.
Don't just look at short-term candlesticks; long-term logic is key: project code updates, ecosystem progress, regulatory dynamics—these determine how far a project can go.
There will always be people who are right and others who are wrong about the market, but those who survive long-term are the ones who adhere to these iron rules. Protect your capital, and you will be qualified to wait for opportunities and seize major market movements.