After 9 years of ups and downs in the crypto world, I have forged my own path with 8 iron rules

Having struggled in the crypto world for a full 9 years, I have witnessed three cycles of bull and bear markets, starting with an initial capital of 50,000 to now achieving financial freedom. Along the way, I have stumbled, lost, and faced despair, but ultimately I found my own way.

To be honest, I have encountered every pitfall: ICOs, meme coins, mining, over-leveraging, and holding through losses... I have walked nearly every path you have.

But in the end, the one thing that truly allowed me to achieve a leap in class was just one phrase: "Simple and brutal! Buy in bear markets, sell in bull markets."

Behind this is the 8 survival iron rules I summarized over these 9 years.

Iron Rule 1: Cut losses when wrong; admitting mistakes is not shameful

Losing three or five trades is normal; the key is not to let the emotions from the previous trade affect the decision for the next one. Cut losses when you lose, admit mistakes; no one in the crypto world is 100% correct.

Iron Rule 2: Always prioritize survival

It's not that you lack opportunities; you lack patience. Wait for the right moment to strike, and make it count. Save your bullets for high-probability scenarios; doing nothing is the greatest discipline.

Iron Rule 3: Combine patterns, indicators, and cycles

Before opening a position, the more conditions you meet, the greater your chances of winning. Most of the time, we are not trading; we are waiting for opportunities. Those without patience do not survive long in the crypto world.

Iron Rule 4: Avoid indecisive trades; don't act blindly

If a trade makes you hesitate, abandon it! You are not here to gamble; you are here to make money. Only trades that fit your trading model are worth executing.

Iron Rule 5: Trade with a system; don’t rely on gut feelings

You are not an ordinary retail trader. You are a trader. Those who truly make money have never been emotional in chasing highs and cutting losses; they execute strategies rationally.

Iron Rule 6: Do not add to losing positions

Add to positions only in winning situations, never hold on through losses. Otherwise, the more you average down, the deeper you fall, and you’ll end up losing at the bottom.

Iron Rule 7: Don’t obsessively watch the market

The more you watch, the more anxious you become; the more anxious you are, the more chaotic your trading becomes, leading to premature profit-taking and random cutting of positions. It’s better to focus on strategies than on candlesticks; executing the rules I set is the right path.

Iron Rule 8: Trading is not your whole life

Once emotions take over, losses slip through your fingers like sand; the more you try to grasp them back, the more elusive they become. Don’t aspire to get rich overnight; surviving is the first step to earning.

Now, relying on systems, rhythms, and people, is the only way to continue living and steadily making money! #山寨季何时到来？ #比特币巨鲸动向 #美国加密周 #币安钱包TGE