After eight years of cryptocurrency trading, I have summarized 9 iron rules!

1⃣Only buy one coin with less than 100,000 yuan, buy two with 200,000-300,000 yuan, and buy 3-4 with less than 500,000 yuan. No matter how much money you have, don't hold more than 5 positions. Many people say that eggs should be placed in multiple baskets. Then I tell you, when the market is bumpy, the more baskets you put, the more rotten the eggs will be. Only those who have experienced many bull and bear markets know that in a bull market, you can make a lot of money by concentrating funds. If the market is not good, you can stop losses in time if you hold fewer coins.

2⃣Look at projects and communities to learn analysis. The only purpose is to improve the winning rate. How to improve it? The premise is two words: follow the trend. Most of the rebounds in the downward trend are to lure more, and most of the declines in the upward trend are to dig pits! When you are not a master yet, don't think about bottom-fishing, and don't guess what the main force thinks. The main force is not something you can guess if you want to. When your strength is limited, don't play too many tricks. The road is simple instead.

3⃣Only operate when the market is active. When is the market active? There is a clear upward trend in the market and the popularity of a certain sector continues to rise. Funds from outside the circle are constantly flowing into the circle. New projects and currencies are increasing frequently. The number of VC investments in the circle has begun to increase. KOLs have also begun to frequently shout orders. This is the most basic.

4⃣ In the state of loss, fix the stop loss position and never move it down. How many people who hold a fluke mentality have short-term become long-term, and long-term become contribution! In the state of profit, the exit point continues to increase. Don't let the profit go back. For example, if the profit is 50%, the retracement is 20% and the unconditional sale is made. If the profit is 100%, the fall back to 30% and the unconditional sale is made!

5⃣ If you see that a certain token has reached the conditions for buying, you must be decisive when entering and resolute when selling! To speculate in coins, you must have strong execution, be vigorous and resolute, and not drag your feet. People who are emotional and indecisive will inevitably miss the opportunity or ride a roller coaster.

6⃣ Only add positions in a profitable state, not in a loss state! Before adding positions, ask yourself if you didn't buy this ticket before, would you still buy it in this situation? If you can do it, then go ahead. If you can't, then go! Generally, I will look at the K-line chart upside down, so that the top and bottom will change, and the effect will be better!

7⃣ Don't be too obsessed with ultra-short-term contract trading. You have to admit that the smaller the fluctuation, the more confused people are, and the harder it is to grasp. Always remember: small profits rely on speculation, big money relies on momentum