🔥The harshest truth in the crypto world: If you can't stick to these three rules, you'll eventually go bankrupt!
Eight years ago, I had only 90,000 yuan in my pocket and rushed into the crypto world without any experience. After stumbling and falling into countless traps, my assets have now surpassed 30 million. Many people think I have some secret formula, but I really don't; I rely on a method that is extremely simple – but often the simplest methods are the most reliable.
First, remember these three survival rules:
1️⃣ Don't chase after buying when prices rise: The ones who truly make big money are those who dare to buy when others are afraid to sell, and who can pull back when others are frantically competing. Being able to buy when prices drop is the key habit.
2️⃣ Don't hang orders waiting for the lowest point: The market isn't that kind; do you think you can wait for your order to be filled before it rises? Most people have been trapped this way.
3️⃣ Don't go all in: Going all in is like tying yourself up. Opportunities in the crypto world are available every day, running out of bullets is the biggest loss.
Here are six short-term survival tips:
💡 A high price range might still reach new highs, and a low price range might still reach new lows. Don't rush; wait until the direction is clear before taking action.
💡 Don't move around during a range; most people lose money because they can't stay idle. Buy on bearish daily closes and sell on bullish daily closes; it's simple and straightforward.
💡 Slow declines lead to slow rebounds; fast declines lead to fast rebounds; this is the pattern.
💡 Build your position like a pyramid, adding a little at a time; don’t try to eat everything at once. Price increases and decreases lead to consolidations, and consolidation is the night before a trend change. At this time, don’t go all in, and don’t easily liquidate; wait for the direction to emerge before taking action.
Sounds silly, right? But that's how the crypto world works: go with the trend, stick to the rules, and be patient.
Recently, I've had some free time, and I can take a few people along to stabilize the rhythm together and seize the opportunity to turn things around.
