Niu Chu’s trading principles

There is too much nonsense in the previous article. Let’s reorganize it into this article.

1️⃣ Don’t fall in love with a project

When currency prices soar

I have been reluctant to sell and want to earn more

This is another form of greed

I once had 20 million, but I didn’t sell it. Now it’s down to hundreds of thousands. Have you heard this?

$ORDI price is currently skyrocketing like never before

Wait until it turns into a plunge

Many people will also say this

Not sold

experienced a roller coaster

Paper wealth is not money

The one who knows how to sell is the master

2️⃣ Don’t be obsessed with diversity

Diversification is good for preserving wealth, but not good for creating wealth.

Instead of investing in 30-50 projects just for diversification

3️⃣ Don’t keep looking at your account all the time

Stop wasting valuable time and energy checking your account

Not watching will only lead to unnecessary operations

Set notifications for assets of interest

Set a fixed time to watch the market

Instead of always being stuck in the K-line and account balance

The sky is long and the sky is empty, excessive operation is wise and you lose money.

4️⃣ Established investment plan

This may sound boring

Why you should buy a specific coin

When do you plan to sell?

An investment plan will help you avoid impulse purchases caused by FOMO

and better understand your investments

Realize timely

Avoid the roller coaster

5️⃣ Don’t be fooled by news/order calls and hype

Coin surges on expectations

Instead of news and orders

When the news is flying all over the sky

The whole Twitter is clamoring for this coin.

Those who expected gains are already cashing in

Maybe it can go up a bit

The reversal is not that far away

6️⃣ If you can’t hold on to profits, you can’t hold on to losses.

A common mistake is selling winning tokens

and invest more money in underperforming coins

In turn, losses are cut off and profits collapse

bull market

Don’t sell after a coin has doubled, after it has grown tenfold

7️⃣ Don’t shy away from new narratives.

Investing in projects before they gain traction increases their chances of success

In a bull market, saying “this project/narrative must not work” is a costly mistake

Constantly trying new things can lead to huge profits