1. Capital is the lifeline! The premise of all operations is to preserve your capital; it should never waver. Don't let illusions of huge profits cloud your judgment; the market is unforgiving.
2. Greed is the source of losses. Don't always think about earning every last penny; those who can consistently make profits are the real experts. Accumulating small profits is much more reliable than gambling for riches.
3. Diversifying your holdings is a strict rule. Always keep sufficient reserves; going all-in is akin to suicide. When the market suddenly changes, you won’t even have the chance to average down.
4. Never touch coins in a downtrend. Averaging down in a declining market only adds to your losses, and frequent trading will only lead to higher transaction fees.
5. Buying should be as cautious as buying vegetables. Build your position gradually during sideways fluctuations, and sell as decisively as fleeing for your life. Clear your position immediately when profit targets are reached; don't hesitate.
6. The market only recognizes results, not people. Those who seek to take everything will eventually be struck back by the market. Preserving the green mountains is the hard truth.
7. When the fundamentals change drastically, you must flee. If the project collapses or there are technical vulnerabilities, even a second of hesitation could lead to total loss.
8. Long-term investments should look at weekly and monthly charts. When a trend reversal signal appears, don't go against the trend. Taking profits is the only way to ensure your own money.
9. The law of extremes is ironclad. Coins that rise to ridiculous levels will eventually crash; in a bear market, there is no bottom, and in a bull market, there is no top. Never go against the rules.
10. If there are no opportunities, stay in cash and wait. The market fluctuates daily; seizing 30% of the opportunities is enough to profit; greed will lead to losses.
11. Patience is a top-tier skill. Real large market movements are often waited out, and those who watch the market daily often perish in the volatility.
12. Stop immediately after achieving your goals. Earning 5% daily or doubling monthly is sustainable, but staying up late to trade daily will lead to total loss.
13. Stop-loss is a mandatory lesson for you. Blaming market crashes? Wrong! Traders who can't set stop-losses are just giving away their money.
14. Money is earned through patience. 99% of profits come from 1% of good market conditions; frequent trading will only work for the exchanges.
15. Discipline is more important than technique. Emotional trading will surely lead to failure; strictly following your trading plan is fundamental to survival.
Note: 99% of those who have lost everything in the crypto space over three years fell into traps outlined in points 3, 7, and 15. Don't ask how I know; these are hard-earned lessons.
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