Core Principles
1. Risk Management First
- "Don't bet it all, don't gamble your life savings"
Only invest idle funds (recommend not exceeding 5%-10% of assets), avoid leverage and all-in bets.
- "Stop loss before profit"
Set preset stop-loss points (e.g., -10%~-20%) to avoid emotional holding.
2. Market Awareness
- "Accumulate in bear markets, realize profits in bull markets"
Invest in valuable projects at low prices, take profits in batches during euphoric cycles.
- "News is a knife, technology is a shield"
Policies/news may short-term disturb prices, but long-term rely on fundamentals and technical trends.
3. Psychological Discipline
- "FOMO (fear of missing out) is a trap, greed is a deep abyss"
Do not chase highs or sell lows, avoid being trapped by market emotions.
- "Plan your trades, trade your plan"
Develop strategies in advance to avoid making last-minute decisions during trading.
4. Safety First
- "Not your private key, not your coins"
Store large assets in cold wallets, leave only trading funds on exchanges.
- "Verify everything, trust no one"
Be wary of scam links, fake contracts, and high-yield scams.
5. Long-Term Perspective
- "Bull markets are born of despair, die of euphoria"
Extreme emotions are often reversal signals.
- "Code is law, but the market is unpredictable"
Even quality projects may go to zero in the short term; diversification is key.
Additional Reminders
- "Liquidity is king": Stay away from low-volume altcoins to avoid being unable to sell.
- "Taxes follow you like a shadow": Record every transaction and report in compliance.
