Hello everyone, I am Wolf Uncle. Today I will share my ten years of iron rules in the cryptocurrency circle with you without reservation. Congratulations to those who can understand and follow them, you are about to take off.
1. Invest with spare money: When investing in cryptocurrencies, only use the money you can afford. Never borrow money or take out loans to trade cryptocurrencies, as the risks are too high.
2. Carefully select valuable coins: When choosing investment projects, carefully select those with potential 'valuable coins' and formulate a reasonable capital allocation plan. This is known as the 'Sunny Investment Strategy' to make your investments more stable.
3. Gradual entry to cope with corrections: After entering the market, encountering price fluctuations or corrections is very normal. Therefore, allocate your funds reasonably and buy in batches to reduce risk.
4. Diversify investments to reduce risk: Do not operate with a full position. Allocate funds to different projects so that even if one project has issues, other projects can help share the risks.
5. Stay informed: Frequently pay attention to the latest news and financial developments in the cryptocurrency circle, allowing you to capture investment opportunities quickly and make money faster.
6. Go with the flow, do not confront directly: When investing, do not confront the market trend or big players directly. Learn to follow market trends and go with the flow to better seize investment opportunities.
7. Use contracts cautiously: If you choose to trade contracts, be sure to control the leverage ratio. It is recommended to use 20 to 50 times leverage, and do not easily go for 100 times leverage. Steady profit is the way to go.
8. Strictly control positions, do not operate randomly: Position control is key to investing. In uncertain situations, do not operate casually. Not operating means no risk, and thus no losses. At the same time, regularly check your asset status to ensure proper management.
9. Stay calm, clarify entry and exit strategies: Maintaining a calm mindset during the investment process is very important. Know when to enter the market and when to exit. Experiences in the cryptocurrency circle will help you grow constantly; mindset is more important than operations.
Remember: The cryptocurrency market is high risk and high reward, but long-term profits require patience, learning, and rational operations.
I have been in the market for many years and deeply understand the opportunities and traps within it. If you are not successful in your investments and feel unwilling about your losses, leave a 999 in the comments! I will share my insights.
