I am 27 years old this year, started trading cryptocurrencies at 18, and by 2021, my trading reached eight figures. My life now requires staying in high-end hotels costing around 2000 yuan, and my suitcase and hat may carry cryptocurrency symbols! I have rarely experienced troublesome business dealings. After a decade of ups and downs in the crypto market, I have distilled six invincible rules, concise and invaluable. If you aim for long-term development in the crypto space, you must savor this insight carefully; it will become a guiding light on your path, helping you avoid detours, and is worth cherishing.

1. Only participate in irreversible market trends

Only participate in irreversible market trends; the market is a fact, unquestionable and unchallengeable. Trends are irreversible. As an investor, you must be willing to admit mistakes, correct them at any time, reject uncertain market conditions, and engage in trends that even the market makers must follow. Understand the importance of going with the flow.

2. Refuse frequent trading

The casino is open twenty-four hours; there's no need to place orders frequently. There are many logics like timing, trial and error, and position control. We advocate waiting for the perfect opportunity like a hunter, rather than randomly investing as soon as you see prey.

3. Do not blindly believe in technical indicators

First, we must acknowledge that any technical indicator has its lagging nature. For example, when the MACD indicator gives a buy signal, the cryptocurrency has already risen. By the time the golden cross occurs, you might very well be the one left holding the bag.

4. Forget about the cost price once you buy

Once you short or go long, the cost price has no relation to any future operations because whether to sell depends on market trends and has nothing to do with whether you are still profitable. If the pattern is good, continue holding; if it deteriorates, reduce your position or even close it.

5. Use funds you can afford to lose

Use spare money to trade cryptocurrencies; all investments carry risks. Investors can increase their capital after mastering the profit-making tricks of the game. Before that, make sure to use funds you can afford to lose; borrowing money often leads to significant losses.

6. Withdraw profits on time

Without withdrawal, everything is just numbers. Only when you extract cash from the market can you say you came out on top. In the crypto space, timely withdrawals are a great habit. You might as well 【visit the homepage】 to get the latest cryptocurrency intelligence and trading tips.