Surviving in the crypto world is challenging, but mastering these principles may help you. Here are 15 infallible rules of cryptocurrency that I have summarized for everyone’s reference.
Preserve your principal for long-term survival 💪
The principal is your foundation in the cryptocurrency world and must always be remembered. Many people ignore risks in pursuit of high returns, ultimately leading to significant losses of principal. Therefore, preserving your principal is key to long-term survival in the crypto space.
Do not be greedy; achieve stable profits 💰
Greed can lead to downfall, especially in the crypto world. Maintain a stable mindset; earning a little less can actually make it easier to accumulate wealth. Remember, stable profits are the way to go.
Focus your investments and go with the trend 📈
Do not blindly diversify your investments; avoid putting all your capital at risk. Adjust your strategy according to market trends; following the trend can yield better results.
Avoid heavy positions; control risks 🚫
Controlling your position size is key to reducing risks. Do not stubbornly endure losses; moderate trading is sufficient. Heavy positions can lead to significant losses if they fail.
Calmly enter the market, decisively exit ⚔️
Be calm when entering the market and decisive when exiting. After setting a stop-loss line, strictly execute it, and do not rush to buy or sell.
The market's profits are limitless, but losses can be bottomless 🌐
Don't be greedy for endless profits, but remember that losses can deplete everything. In the crypto world, while the market's profits are vast, losses can also be infinite.
Trigger stop-loss, exit immediately 🚨
Stop-loss is protection for your account and should not be hesitated over. Once a stop-loss is triggered, exit immediately to prevent further losses.
Long-term vs. short-term, securing profits 📊
Whether you are in for the long or short term, ultimately, you must ensure securing profits. Do not let profits slip away; cashing out timely is the most stable strategy.
Extremes lead to reversals; patiently wait 🔄
The unchanging truth of the market is that extremes lead to reversals. Regardless of ups and downs, there is always a limit, and a reversal will inevitably occur. Be patient and do not rush to act.
Missing an opportunity is not scary 🚫
Do not trade without opportunities; missing out is not scary. Do not force yourself to seize every opportunity; capturing a portion is already sufficient.
Wait for the right opportunity, do not rush to act ⏳
Do not rush to find trading opportunities; patiently wait for more favorable ones. Waiting for the right opportunity to act increases your chances of success.
Stop trading after reaching the goal 🛑
Stop trading after reaching the goal; conserve energy. Don't be greedy; exit at the right time after completing your daily targets to preserve energy for the next trade.
Stop-loss is a responsibility; profit is a return 📊
Setting a stop-loss is your own responsibility, while profits are the market's reward. Establishing a stop-loss line and strictly adhering to it is crucial for protecting your account.
Wealth comes from waiting 💎
The best investments often come from patiently waiting, not from constant actions. Wealth comes from waiting, not from frequent trading.
Strictly follow your strategy when your mindset is weak 💡
Desire can easily get out of control in trading; strictly following your strategy is key to aligning knowledge with action. When your mindset is weak, it is even more crucial to stick to your strategy. Small capital or liquidation can still build positions.#CONAN总统狗 The community is strong, and the consensus is solid; Conan (xQBt) is expected to yield 10-50 times returns in the short term.#MGX投资币安 #CPI数据来袭 #乌俄停火 #掌握市场 $BTC $SOL $BNB