Explore the mix of my investment portfolio. Follow me to see how I invest! The CEO of Binance reveals three fundamental principles for achieving success in the cryptocurrency field. #FOMCMeeting Richard Teng, the CEO of Binance, revealed three fundamental principles he believes are essential for achieving success in cryptocurrency investment. These tips came through a post he made on platform X, addressing the trading and investing audience, highlighting the importance of mental and strategic discipline in a highly volatile market. The first of these principles is 'Set the rules.' Teng urged investors to establish clear guidelines before entering any trade, including defining risk limits, profit-taking timing, and identifying points at which losses should be reduced. He emphasized that making these decisions in advance helps investors avoid falling into the trap of emotional decisions that have led many of them to significant losses. Secondly, he stressed the necessity of continuously improving strategies. Given the rapidly changing nature of the market, staying updated on developments and regulatory or technical adjustments is crucial. Teng pointed out that ignoring important notifications, such as decisions to delist trading pairs, could lead to irreversible asset loss. The sharp market downturn has recently resulted in a 1.24% decline in the total market capitalization of cryptocurrencies.