Seven Rules of the Crypto World: My Survival Notes of Ten Years

1. If you can't see clearly, stay out

When the candlestick chart looks tangled and the community resembles a marketplace, the best position is none. Missing ten market opportunities might yield profits, but stepping on one landmine can lead to total loss. Patience is not weakness; it is the highest form of offense.

2. Hot coins, throw them away if they burn

Trends come like tsunamis and recede just as quickly. Before entering the market, set two prices: take profit and stop loss. Withdraw at those prices; don’t compare your gains to fireworks.

3. A true breakout requires patience

On the day of a significant breakout, keep your mouse at a distance. Profits are made by waiting, not by clicking. Small fluctuations cannot displace large positions.

4. Huge bullish candle, remember to take profits

A massive bullish candle, whether at the foot of the mountain or at the peak, could signify the main force bidding farewell. Selling too early means guaranteed profits; riding the elevator down can lead to perpetual losses.

5. Moving averages are the last trump card

Fancy indicators can be studied, but in critical moments, only two lines matter. Trust the golden cross once, and run at the death cross. Let discipline cut your losses faster than emotions.

6. Going with the trend is counter to human nature

When the uptrend is not over, don’t guess the top; when the downtrend is fully established, dare to bend down. Eighty percent of people in the market trade on emotions; we only use probability.

7. Build positions in batches

Going all-in is like catching flying knives with bare hands; nine out of ten times, you get hurt. Divide your capital into three parts and six segments to have a chance to survive three times.

Summary:

Technique is the knife, and mindset is the sheath. The knife must be sharp, and the sheath must be stable. Only when these two are honed to perfection can one talk about the long term.

Many souls have perished on the road of crypto; only those destined will cross the river! @小花生说币