The Six Core Rules for Making Big Money in Cryptocurrency Trading, I Dare Say 90% of People Can't Do It!
A veteran in the crypto world once said that as long as retail investors stick to these six rules, turning a 100,000 capital into 5 million is not an exaggeration. Today, I will break down these insights; each word is a hard-earned lesson:
First Rule: Cut Losses When Necessary, Stop When Needed
Don't fall in love with the price! When making money, you always think "just a little longer", and when losing money, you stubbornly wait to break even. This mindset will inevitably lead to total losses. If the market turns against you, decisively cut your losses; hesitating for half a second is a loss.
Second Rule: Don't Fantasize About Bottom Fishing or Peak Selling
The market always has lower lows and higher highs; ordinary people can never guess the tops and bottoms. What you really need to do is: build positions gradually in the bottom area and gradually liquidate in the top area. Act only after confirming bottom signals three times, and run as soon as divergence appears three times at the top.
Third Rule: Stay Away if Volume is Insufficient
Price hits new highs but volume shrinks? This is mostly a tactic by the main players to sell off after raising the price! Don't even touch such tokens; it's better to miss out than to be left holding the bag. Remember: price increases without volume are just tricks.
Fourth Rule: Lightning Action is Key
When news of favorable policies or significant industry changes occurs, you must lock in relevant sectors within 1 hour. Major upward trends often last only 3 days; if you miss the explosive period in the first two days, the rest will just be tail-end movements.
Fifth Rule: Play Dead When It's Time to Stay Out
There’s an old saying in the crypto world: Bull markets last three months, bear markets last three years. A major upward trend may last only 20 days; the remaining 90% of the time, you should honestly just sleep. Watching the market every day will only get you left behind.
Sixth Rule: A Sharp Drop is the Real Opportunity
Bloody lessons have taught me that real opportunities come after a sharp drop! When the market panics, quality tokens will drop to a golden pit. When others flee, you should be there with a bag to scoop up chips — but remember to only buy leading tokens!
These principles sound simple, but 99% of people can't execute them. Why? Because human weaknesses always play a role: always wanting to get rich overnight, always fearing to miss opportunities, always trying to beat the market. Remember: those who can restrain their greed are the ones who will survive in the crypto world until the end.
For more crypto insights, click on my profile and follow me to learn more. Enjoy strategies for deploying potential hundred-fold bull market coins and daily spot strategies!
