Survival rules in the cryptocurrency world: Whoever can survive is the king!
Survival rules in the cryptocurrency world
Whoever can survive is the king.
Next, I will share the 15 most important rules for survival in the cryptocurrency world.
Article 1: Capital comes first! Always remember that preserving your capital is key to surviving in this market. Saying it three times is not enough! Very
Many people only think about making money but ignore the risks, ending up being taught a lesson by the market.
Article 2: Do not be greedy; earn steadily. Slow is fast. In fact, as long as you are not greedy, making money is not difficult; stable small profits are more reliable.
Article 3: Diversify investments, invest in a combination, leave room in your positions, and go with the trend. Never go all in; once the market reverses, you
There is no way out.
Article 4: Do not invest heavily; do not buy coins in a downward trend. Do not operate frequently and do not chase after rising and falling prices. These are all ways to leave a way out for yourself.
good habits.
Article 5: Buy slowly, buy in batches during sideways movements, and buy gradually. Sell decisively, reach your target price, and sell immediately.
Article 6: You can never earn all the money, but you can lose it all. Don't think about eating up all your profits; the market can slap you back at any time.
Article 7: Opportunities are always there. If the fundamentals of a coin undergo major changes that are detrimental to its development, you should stop-loss immediately; not doing so may
can make you lose everything overnight.
Article 8: When doing long-term investments, consider them on a weekly basis; for ultra-long-term investments, consider them on a monthly basis. If the trend reverses,
should cash out in a downward channel. What you have in hand is the most stable; do not be greedy thinking the market will continue to go down.
Article 9: The market will always experience extremes. This will never change; do not fantasize that trends will not reverse.
Article 10: Do not trade without opportunities. Missing opportunities is normal; it is enough to seize a part of them; do not think about getting them all.
Article 11: Waiting for opportunities is always better than seeking opportunities. Patience is the greatest weapon of winners.
Article 12: Stop when you reach your goal; energy is limited! Do not think about making money continuously in one day; rest after achieving your goal.
Article 13: Stop-loss is your responsibility, and profit is a gift from the market. Don't get this confused; the market owes you nothing.
Article 14: Money is earned by waiting, not by frequent trading. Do not think about making a profit 100 times a day; true profits come from waiting.
Article 15: Desire can ruin your mindset, but execution can save you. Strictly follow the trading strategy and do not let emotions lead you; achieve
Unity of knowledge and action!
These rules seem simple, but they are not easy to execute. Only those who can truly do this will become the ultimate winners.
