Eight years of trading cryptocurrencies, the survival rules I've learned

After eight years of trading cryptocurrencies, I lost 70% in the first three years, but gradually figured out some methods. I can't say it's guaranteed profit, but it helps to avoid many pitfalls.

Retail investors often make the mistake of doing the opposite: holding on when losing money and running away when making money. In fact, it should be the other way around: be willing to take profits and cut losses at critical points. Just like "lock in profits at 10%, cut losses at 5%"; sticking to this discipline can help avoid many big traps.

Trading volume is the "voice" of the market. When the volume decreases while reaching new highs, there is a high probability that there is still room for growth; a pullback after breaking the 20-day line with decreasing volume is practically a gift. Don’t buy coins randomly; keep at most two or three mainstream coins in your account. If you hold too many coins, you simply can't keep track and will lose even faster.

There are rules in intraday trading as well: don’t panic during a sharp drop; it often rebounds afterward; if there’s a sudden surge at the close, it’s likely to pull back the next day. Remember these rhythms: if the volume is low and prices rise, they can still go up; if the volume is high but prices don't rise, it's time to see a top; a huge volume surge will definitely pull back; the market is more logical than you think.

Trend is king; don’t try to predict, just follow. For short-term, watch the 5-day line; for long-term, focus on the 20-day line. If it breaks the line, get out; don’t fall in love with the battle. If a strong coin dips, don’t be afraid; as long as the popularity is there and the turnover is sufficient, it often can "retrace". This kind of high odds is worth playing.

After making a big profit, make sure to stay out and rest. The market is best at reaping the rewards of an erratic mindset; I've experienced losses after making profits and giving them back. When losing, don’t operate recklessly; wait for the profit effect to return before entering the market again.

Trading cryptocurrencies is not just about seeking momentary pleasure; it's about enduring mindset, understanding, and execution. Opportunities are always there, regardless of bull or bear markets; what’s lacking is the determination to follow the rules. It took me eight years to understand that trading cryptocurrencies is not difficult; the hard part is controlling oneself. Remember, the market will not disappoint those who are patient and follow the rules. #加密市场回调 $ETH