Rules for Survival in the Cryptocurrency World
Only those who can survive are the true winners.
Next, I will share the 15 most important rules for survival in the cryptocurrency world.
Rule 1: Capital first! Always remember, preserving your capital is the key to surviving in this market. Saying it three times is still not enough! Many people only think about making money while ignoring risks, only to be taught a lesson by the market.
Rule 2: Don't be greedy; stability is key. Slow is fast. In fact, as long as you are not greedy, making money is not difficult; stable and small profits are more reliable.
Rule 3: Diversify your investments, invest in combinations, leave room in your position, and follow the trend. Never go all in; if the market reverses, you will have no way out.
Rule 4: Don't over-invest, never buy coins in a downtrend, avoid frequent trades, and don't chase after rising or falling prices. These are good habits that leave you with a backup plan.
Rule 5: Buy slowly, accumulate in a sideways market, and buy gradually. Sell decisively, and once you reach your target price, sell immediately.
Rule 6: You can never earn all the money, but you can lose everything. Don't think about consuming all the profits; the market can slap you back at any moment.
Rule 7: Opportunities are always present; if the fundamentals of a coin change significantly and are detrimental to its development, you should stop and cut losses immediately. Not cutting losses may bring you back to square one overnight.
Rule 8: If you are doing long-term investing, view it on a weekly basis; for ultra-long-term investments, view it on a monthly basis. If the trend reverses and is in a downward channel, you should secure profits. What you have in hand is the most stable; don't be greedy thinking that the market can always go up.
Rule 9: The market will always have extreme reversals. This will never change, don't fantasize that trends won't reverse.
Rule 10: If there are no opportunities, do not trade. Missing opportunities is normal; capturing a part is enough, don't think about getting everything.
Rule 11: Waiting for opportunities is always better than searching for them. Patience is the greatest weapon of a winner.
Rule 12: Once you achieve your target, stop; energy is limited! Don't think about making money non-stop in one day; rest once you complete your objective.
Rule 13: Cutting losses is your responsibility; profits are a gift from the market. Don't get it confused; the market doesn't owe you anything.
Rule 14: Money is earned by waiting, not by frequent trading. Don't think about trading 100 times in one day; true profits come from waiting.
Rule 15: Desire can destroy your mindset, execution can save you. Stick strictly to your trading strategy, don't let emotions guide you, and achieve unity of knowledge and action!
These rules may seem simple, but they are not easy to execute. Only those who can truly follow them can become the ultimate winners!
