The Unchanging Rules for Profit in the Crypto World: Eight Iron Rules Taught by a 10-Year KOL, Breaking Through 90% of Traders' Cognitive Errors
The daily volatility in the crypto market exceeds 10%, with bull and bear markets switching in an instant. As someone who has experienced it for ten years, I will share the eight profit iron rules validated through cycles; execute them to surpass most traders.
1. Position Management: Use 'Liquid Capital' for Speculation, Always Keep Recovery Capital 🛡
Only use idle funds within 10% of total family assets to enter the market, with a single position not exceeding 5% of available funds; preserving the principal gives you a chance.
2. Stop Loss is Like Breathing: Set a Bottom Line, Refuse 'Holding Positions' 🚦
Short-term stop loss should not exceed 5%, long-term not exceed 20%; use small losses for long-term survival to avoid liquidation risk.
3. Follow the Trend: Do Not Go Against the Trend ⛵
Only go long in uptrends, only go short in downtrends, and observe during consolidations; use MA60 and MACD to confirm trends; do not fantasize about bottom fishing or top escaping.
4. Reject 'News Trading': Only Earn Money Within Your Understanding 🎧
Filter out 90% of enticing news; deeply study project fundamentals; do not follow the crowd, only invest in targets whose business models you understand.
5. Profit Withdrawal: Secure Your Gains 💰
Withdraw 50% of profits every 20%-30% gain; convert digital assets into real wealth to avoid profit giving back.
6. Independent Judgment: Build a Personal Trading System 🧩
Do not rely on 'signals'; build a system that includes entry signals, exit conditions, and position allocation to break free from emotional interference.
7. Control Emotions: Break the Habits of Greed and Fear 😌
Use phased position building and profit-taking to reduce emotional impact; maintain a calm mindset and do not let fluctuations sway your decisions.
8. Continuous Learning: If You Do Not Improve, You Will Be Eliminated 📚
Spend 1 hour each day studying the industry, learning techniques, and reviewing; keep pace with the iterative rhythm of Defi, NFTs, etc., to seize new opportunities.
Trading is a practice of discipline and cognition; the eight iron rules need to be internalized through practice. Achieve 'Unity of Knowledge and Action,' and in the next cycle, you will transform from 'Chives' to a winner. Follow me for more trading tips and target analysis to help you secure profits!