Next, I will talk about the 15 most important rules for survival in the cryptocurrency world.
Rule 1: Capital comes first! Always remember, preserving your capital is key to surviving in this market. Saying it three times is not enough! Many people only think about making money, ignoring the risks, and end up being 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; steady small profits are more reliable.
Rule 3: Diversify investments, combine investments, keep some margin in your positions, and follow the trend. Never go all in; once the market reverses, you will have no way out.
Rule 4: Don't over-invest, never buy coins in a downtrend, avoid frequent operations, and don't chase prices up or down. These are good habits to leave yourself an exit.
Rule 5: Buy a bit slower, buy in batches during sideways movements, and accumulate slowly. Sell decisively; once you reach your target price, sell immediately.
Rule 6: Money can be endless to earn, but you can lose it all. Don't think about consuming all your profits; the market can slap you back at any moment.
Rule 7: Opportunities are always there; if the fundamentals of a coin change significantly and are detrimental to its development, you should stop losses immediately. Not doing so could bring you back to square one overnight.
Rule 8: If you are investing for the long term, view it on a weekly basis; for ultra-long-term investments, view it on a monthly basis. If the trend reverses and is in a down channel, it is better to cash out. What you have in hand is the most stable; don’t be greedy thinking the market will continue forever.
Rule 9: The market will always have extremes. This will never change; don’t fantasize that the trend will not reverse.
Rule 10: Do not trade without opportunities. Missing opportunities is normal; capturing a portion is enough, don’t think you can get it all.
Rule 11: Waiting for opportunities is always better than searching for them. Patience is the greatest weapon of a winner.
Rule 12: Stop once you reach your goal; your energy is limited! Don’t think about making money non-stop in one day; rest once you reach your goal.
Rule 13: Stopping losses is your responsibility; profits are a gift from the market. Don’t get it confused; the market owes you nothing.
Rule 14: Money comes from waiting, not from frequent trading. Don’t think about making profits 100 times a day; true profits come from waiting.
Rule 15: Desire can destroy your mindset; execution is what can save you. Strictly follow your trading strategy, don’t be led by emotions, and achieve unity of knowledge and action!
These rules seem simple, but they are not easy to execute. Only those who can truly implement them can become the ultimate winners!
#加密市场回调