In three years, my account skyrocketed from 300,000 to 90 million, not by chance. These 10 condensed and hard-earned rules will help you understand and avoid taking unnecessary detours over the next five years.
Only pursue strong coins, avoid falling markets
Trend is king; firmly hold onto coins that stay above the 30-day moving average, exit immediately if they fall below. Don't waste time in a downtrend; the main players can afford it, but you cannot.If the main line is unclear, resolutely do not act
In a bull market, focus on the main line; when there is no main line or it is weak, the risks far outweigh the opportunities. Patiently wait for the right wind, which is much more reliable than random operations.Diversify your investments, no more than four coins
Even for the most promising coins, don’t go all in; diversify your portfolio with no more than four targets to spread the risk, this is the way to survive.Frequent trading = Giving away money
Don’t be trapped by the mindset of 'feeling uncomfortable not trading'; frequent trading seems exciting but is likely to result in losing all your capital, and brokers are the biggest winners. If you lack short-term trading talent, don’t try to play the game like a dealer.Stop after a big loss, calm down after a big profit
After a big loss, it's easy to gamble to recover, which is a gambler's mentality; after a big profit, one often becomes complacent, and what follows may be a big loss. Maintain a steady mindset regardless of market fluctuations.Buy in batches, refuse to go all in
Even the most certain opportunities should not be heavily invested all at once; no one can predict tomorrow. Stable diversification is key to longevity.Don’t stare at minute charts; an hour of review is enough
Staring at minute charts all day will only disrupt your mindset; trading also requires rest. Spending one hour daily reviewing is much more efficient than blindly watching the market.Make a plan before the market opens, don’t act blindly during trading
Review after trading and plan before trading; clarify the direction of hot spots before acting. Remember: it’s a prediction, not a forecast; don’t replace the market with your subjectivity.Missing out is better than losing money
Opportunities are always there; making one mistake can be devastating. Treat missing out as the norm, focus on the logic of success, and don’t be coerced by pressure.Trading journal = Money printing machine
Record the details and insights of every trade; without a journal, it’s like paying tuition for nothing. A review journal can help you identify problems and avoid repeating mistakes; this is the most cost-effective investment.Understanding these 10 rules may not make you rich, but it will certainly help you avoid 90% of fatal pitfalls. Survival in the cryptocurrency world relies on strict rules, not luck.
