The iron rules and insights of trading cryptocurrencies, hoping to be useful to everyone.

1. Never buy coins at a high price; always have the mindset that it can go as high as it wants, consider that this coin does not exist.

2. There are only two types of coins: the coins bought at a good point are good coins; otherwise, they are worthless coins. The coins bought at a major level point are the best quality coins. Patiently wait for these major level coins to become truly quality coins; this is the true mindset.

3. In fact, the most important thing in trading cryptocurrencies is the mindset. Many people know very well that it is not a buying point, yet they cannot help but itch to buy; this is a mindset issue. If this is not resolved, any theory will be useless.

4. The mindset must be stable; do not have emotions towards any coin or point, only look at the market signals. There should be emotions towards buying and selling points. If the technicals are good and the funds are large, for example, operations can be done weekly or monthly, positions can be built in batches, and diversification can occur. Then, there is no problem with timing.

5. The reasons for mistakes are always unrelated to the market. To find the reasons, one can only look for their own reasons; every mistake must be summarized immediately.

6. The eagerness to make a quick profit is a big taboo for us cryptocurrency traders. If one cannot control their own heart, and cannot control their greed and desires, they cannot succeed in the market for the long term. There are two forms of emptiness: when one holds the coins, their thoughts are controlled by the bulls; conversely, they become slaves to the bears. The market's emotions are accumulated and guided by this. Those who cannot break free from this state will forever remain false participants in the market.

7. Trading cryptocurrencies tests the ability to profit over the long term, not the ability to explode once; the key is a long-term effective trading strategy. When buying, one must consider various situations; holding must be resolute, and selling must be even more resolute; this is how one can gradually improve. You are trading cryptocurrencies, not the coins trading you; start with yourself.

8. The virtual currency market will only reward those with patience; any good coin needs to be nurtured. Constantly swapping for new coins will surely lead to small funds and minor profits. Focus more; those who run around every day will definitely not make big money.