In the cryptocurrency world for many years, these trading rules summarized from real battles with real money are sure to help you!
1. Only pursue strong cryptocurrencies: Keep a close eye on quality coins with upward trends, and stay away from coins with a downward trend.
2. Lock in the market's main line: When there is no clear main line, the risks outweigh the opportunities; it's better to stay out than to act blindly.
3. Scientifically diversify positions: Operate in a divided manner, holding no more than 4 types of coins at the same time to avoid putting all your eggs in one basket.
4. Eliminate ineffective trading: Frequent buying and selling is a wealth killer; unless you have top-notch short-term skills, minimize your activity.
5. Know when to stop: Pause trading and adjust your mindset after a big loss; stay clear-headed after a big gain to prevent profit pullback.
6. Enter in batches to hedge: Even for the most promising coins, do not invest heavily all at once; build positions in batches to spread risk.
7. Reject excessive monitoring: 1-2 hours of review each day is sufficient; staring at minute charts can easily disturb your mindset.
8. Strictly adhere to the trading plan: Develop strategies through review before trading, but prediction does not equal forecasting; respect the market's choices.
9. Risks outweigh rewards: It's better to miss an opportunity than to risk a loss; there are always opportunities in the market.
10. Make good use of trading logs: Recording the details and lessons of each trade is a core tool for improving trading ability.
11. Accurately capture hotspots: Operate according to the process of “prediction - trial and error - confirmation - correction - position increase,” with controllable trial and error costs.
12. Insist on in-depth review: Regularly review trading records, turning failures into experiences for cognitive upgrades.
In the battlefield of retail investors versus market makers, without hard-core strategies, you are destined to become fodder.
