Survival Rules in the Cryptocurrency World
Only those who can survive are the true kings.
Next, I will share the 15 most important rules for survival in the cryptocurrency world.
Rule 1: Preserve your capital first! Always remember that keeping your capital safe is key to surviving in this market. Saying it three times is not enough! Many people only think about making money but ignore the risks, leading to lessons from the market.
Rule 2: Don't be greedy; trade steadily. Slow is fast. In fact, as long as you are not greedy, trading money is not difficult, and stable, small profits are more reliable.
Rule 3: Diversify your investments, use a combination of investments, and leave room in your positions to go with the trend. Never go all in; if the market reverses, you will have no way out.
Rule 4: Avoid heavy positions; never buy coins in a downtrend, avoid frequent trading, and do not chase prices. These are good habits for leaving yourself an escape route.
Rule 5: Buy slowly, accumulate positions during sideways movements, and purchase gradually. Sell decisively; when you reach your target price, sell immediately.
Rule 6: Money can be turned over endlessly, but you can lose it all. Don't think about consuming all your profits; the market can slap you back at any moment.
Rule 7: Opportunities are always present; if the fundamentals of a coin undergo significant changes that are detrimental to its development, you should cut your losses immediately. Not cutting losses may bring you back to square one overnight.
Rule 8: If you are investing long-term, you should view it on a weekly basis; if investing ultra-long-term, view it on a monthly basis. If the trend reverses and is in a downward channel, it is wise to take profits. What you have secured is the safest; don't be greedy thinking the market will always go up.
Rule 9: The market will always have extreme reversals. This will never change; don't fantasize that the trend won't reverse.
Rule 10: Don't trade without opportunities. Missing opportunities is normal; capturing a portion is sufficient, don’t expect to seize everything.
Rule 11: Waiting for opportunities is always better than seeking them. Patience is the greatest weapon of the winner.
Rule 12: Stop when you reach your goal; your energy is limited! Don't think you can earn continuously in one day; take a break after achieving your target.
Rule 13: Cutting losses is your responsibility; profits are a market gift. Don't confuse the two; the market owes you nothing.
Article 14: Market conditions are achieved through waiting, not through frequent trading. Don't think about making 100 trades a day; real profit comes from patience.
Article 15: Desire can collapse your mindset; execution can save you. Stick strictly to your trading strategy, and don't let emotions lead you; achieve unity of knowledge and action!
These rules may seem simple, but they are not easy to execute. Only those who can truly follow them can become the ultimate winners!