If you plan to trade cryptocurrencies for a living, these eight iron rules can increase your win rate to 90%

I have been in the crypto world for 10 years, and these eight iron rules are a must-read before entering the market every day, allowing me to avoid losses during rounds of major downturns.

1. When entering the market, do not only look at the cryptocurrency K-line 'trend', especially for short-term trading, you also need to look at the 30-minute K-line. At the same time, the overall market must stabilize and resonate at this moment before you can enter. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day it may surge or even hit the limit, in fact, looking at the 30-minute K-line will help you understand the subtlety within.

2. If the trend and order are not right, looking one more time is a mistake. You must follow the trend, and the order of the rise must not be broken.

3. If you are not in the hotspots or potential hotspots for short-term trading, it is better not to trade at all.

4. Give up all impulsive entries. Trade according to your plan, and plan your trades.

5. Anyone's view or opinion is merely a reference; you must have your own thoughtful consideration and serious analysis.

6. First lock in the direction before selecting specific coins. If the direction is right, it will be twice the result with half the effort; if the direction is wrong, it will be twice the effort for half the result.

7. Engage in coins that are currently on the rise. Guessing the bottom is a major taboo; you always feel a rebound is imminent, only to face an ultimate shakeout. Stock prices always move towards areas of minor resistance, so engaging in coins that are currently rising means choosing a direction with less resistance.

8. After making a big profit or a big loss, clear your position and re-examine the market and yourself. Clarify the reasons for the big profit or loss, then it is not too late to act again.

If you are also a tech enthusiast and are deeply researching technical operations in the crypto world, you might want to follow the Gongzhong account 'Bitcoin Pioneer'; you will gain the latest information and trading skills in the crypto world.