If you plan to trade cryptocurrencies for a living, these eight iron rules are worth pondering repeatedly.

I have been in the cryptocurrency circle for 10 years, and these eight iron rules are something I must review before entering the market every day, allowing me to avoid harm during rounds of significant downturns. Today, I share them with friends who are destined to see this, hoping for some inspiration.

1. When entering the market, do not only look at the cryptocurrency K-line trend, especially for short-term trades; you also need to observe the 30-minute K-line. At this moment, the overall market must stabilize and resonate before you can proceed.

For example, sometimes you might see a K-line with a long upper shadow and feel there’s no opportunity, but the next day it might surge significantly or even hit the daily limit. If you look at the 30-minute K-line, you will see the subtlety of the situation.

2. If the trend and order are not right, just taking one more glance is a mistake. You should act in accordance with the trend, and the order of the rise must not be broken.

3. If short-term trades are not in hot topics or potential hot topics, it's better not to trade at all.

4. Give up all impulsive entries. Trade according to your plan; plan your trades.

5. Anyone’s views or opinions are merely references; you should have your own thoughtful consideration and serious analysis.

6. First, lock in the direction before selecting specific coins. If the direction is correct, you'll achieve twice the result with half the effort; if the direction is wrong, you'll get half the result with twice the effort.

7. Get involved with coins that are currently on the rise. Trying to guess the bottom is a big taboo; you always feel a rebound is imminent, and then comes an ultimate shakeout. Stock prices always move towards areas of small resistance, so getting involved with coins that are currently rising means choosing a direction with less resistance.

8. After a significant gain or loss, empty your position and reassess the market and yourself. Clarify the reasons for significant gains or losses before taking action again.

After so many years of trading cryptocurrencies, I have found that emptying your position after a significant gain or loss has a probability of being correct that exceeds 90%. #BNBChainMeme热潮 @区块天哥