If you plan to trade cryptocurrencies for a long time and make money, you must remember the following eight principles, otherwise you will eventually be swallowed by the market.

1. Always remain calm and be a rational investor

The volatility in the crypto market is exceptionally intense, with daily fluctuations of 10% being quite common. If you cannot stay calm, you are likely to be swayed by short-term fluctuations, ultimately leading to losses. Whether in a bull market or a bear market, rational investing is absolutely the cornerstone of success.

Remember: each significant rise or fall may serve as the market's "touchstone"; only by maintaining rationality and not following emotions can you go further.

2. Set stop-losses; never gamble on fleeting luck

Many people want to make a fortune through the rise in the crypto market, but investors who do not set stop-losses often end up suffering severe losses. Stop-losses are not only a means of protecting profits but also a strategy to avoid significant losses.

It is advisable to set a reasonable stop-loss point before opening a position; regardless of the outcome, control your maximum tolerated loss risk, so that you can stand firm in long-term operations.

3. Diversify investments to reduce single risks

Investment in the crypto market is full of uncertainties, and the failure of any single project could lead to total loss. Therefore, never put all your funds into one project. Reasonably diversify your investment portfolio, preferably choosing several promising mainstream cryptocurrencies and innovative projects, so that even if one project is temporarily failing, you still have other "insurances"!

4. Follow the trend, do not go against it

The trend is your strongest ally. Market conditions cannot remain unchanged; periodic fluctuations will inevitably affect market sentiment. Familiarizing yourself with and recognizing the trend and acting accordingly may lead to accelerated success. When you see a general bullish sentiment in the market, you can appropriately increase your position; when the market shows a clear downward trend, decisively reduce your position to control risk.

5. Focus on long-term value, engage in less short-term speculation

In the upcoming layout direction, I will guide everyone to aim for lucrative opportunities in altcoins, especially those with significant potential, with an expected growth of over 10 times being reasonable. If you want to make big money in a bull market, like and comment, and I will guide you through the entire bull market!