Eight years of ups and downs in the cryptocurrency world, these ten rules help me survive
1. After making a big profit, at least hold cash for a month; the market shifts from boom to bust, do not be greedy.
2. If you incur three consecutive losses, hold cash; if the direction is wrong, admit it and do not fight against the market.
3. Hold positions for at least a month, focus on one trade; frequently changing positions is unlikely to yield good results.
4. Do not chase after a five-point rise at the open, do not buy after a five-point drop; chasing highs and selling lows is a major taboo.
5. Do not chase after large volumes at high prices, do not touch large volumes at low prices; avoid the traps set by the main players.
6. Do not invest in weak coins, do not buy low-position coins; the strong remain strong, and trends are king.
7. Do not diversify into more than three coins; the cryptocurrency market is not a mixed bag; focus to earn big money.
8. Do not touch what you do not understand, do not randomly chase new coins; new coins have many traps, be careful not to become a bag holder.
9. Do not engage in left-side trading, do not blindly try to catch the bottom; the market has no bottom, do not fantasize about catching it at the lowest point.
10. Believe in yourself, you will ultimately succeed; the market is unpredictable, maintain patience and faith.$ETH