Survival Rules in the Crypto World
Only those who can survive are the true winners.
Next, I will share the 15 most important rules for survival in the crypto space.
Rule 1: Principal First! Always remember, protecting your principal is the key to surviving in this market. Saying it three times is not enough! Many people only think about making money while ignoring the risks, ultimately getting taught a lesson by the market.
Rule 2: Don’t be greedy, earn steadily. Slow is fast. In fact, as long as you are not greedy, making money is not difficult, and stable small profits are more reliable.
Rule 3: Diversify investments, combine investments, leave room in your positions, and follow the trend. Never go all in; once the market reverses, you have no way to retreat.
Rule 4: Don’t heavily invest, never buy coins in a downtrend, avoid frequent trading, and don’t chase after rises or falls. These are good habits to leave yourself an exit.
Rule 5: Buy slowly, accumulate in a sideways market, and buy gradually. Sell decisively; when your target price is reached, sell immediately.
Rule 6: Money can’t be made infinitely, but it can be lost completely. Don’t think about taking all the profits; the market can slap you back at any time.
Rule 7: Opportunities are always there; if the fundamentals of a coin undergo significant changes that are detrimental to its development, you should stop loss immediately. Not stopping loss may bring you back to square one overnight.
Rule 8: If you are in for the long term, you should view it on a weekly basis; for ultra-long-term investments, consider a monthly basis. If the trend reverses and enters a downtrend, secure your profits. What you have in hand is the most stable; don’t be greedy thinking that the market will keep going up forever.
Rule 9: Don’t trade when there are no opportunities. Missing opportunities is the norm; catching a part of them is enough, don’t think about getting them all.
Rule 10: Waiting for opportunities is always better than seeking them out. Patience is the greatest weapon of a winner.
Rule 11: Stop when you reach your goal; energy is limited! Don’t think about making money endlessly in one day; rest after achieving your goal.
Rule 12: Stopping loss is your responsibility, profits are the market's gift. Don’t get it mixed up; the market owes you nothing.
Rule 14: Desire can crush your mindset, while execution can save you. Strictly follow your trading strategy, don’t let emotions lead you, and achieve unity of knowledge and action!
These rules may seem simple, but executing them is not easy. Only those who can truly do this will become the ultimate winners!
