In the tides of the cryptocurrency world, those who can laugh last are the true kings. Next, I will share 15 crucial rules for survival in the cryptocurrency space.
Rule 1: Capital is paramount! Always remember that safeguarding your capital is fundamental to standing firm in this market. It cannot be emphasized enough! Too many people focus solely on profits, ignoring risks, and ultimately get a harsh lesson from the market.
Rule 2: Abandon greed and pursue stable returns. Slow progress is actually fast progress. In fact, as long as you are not greedy, making money is not that difficult; stable small profits are more reliable.
Rule 3: Engage in diversified investment and portfolio configuration; keep some space in your positions, and follow market trends. Never operate with a full position; once the market reverses, you will find yourself with no way to retreat.
Rule 4: Do not invest heavily, absolutely do not buy currencies that are in a downtrend, do not engage in frequent trading, do not chase highs or blindly catch bottoms. These are all good habits to leave yourself a way out.
Rule 5: Slow down when buying; accumulate gradually during a sideways phase. Be decisive when selling; once you reach your target price, act immediately.
Rule 6: The market's money is never exhausted, but it is possible to lose everything in one go. Do not think about earning all the profits; the market can give you an unexpected backlash at any time.
Rule 7: Opportunities always exist; if there are significant adverse changes in the fundamentals of a currency, you should immediately cut losses, or you may return to square one overnight.
Rule 8: If you are making long-term investments, you should view it from a weekly perspective; if you are making ultra-long-term investments, you should analyze it from a monthly perspective. If the trend reverses and enters a downward channel, you should take profits in a timely manner. Locking in profits is the safest approach; do not be greedy thinking the trend will last forever.
Rule 9: The market will always show extreme reactions. This is an eternal law; do not fantasize that trends will not reverse.
Rule 10: Do not trade without suitable opportunities. Missing opportunities is common; being able to seize some is enough, do not think of capturing all opportunities.
Rule 11: Waiting for opportunities is always better than actively searching for them. Patience is the strongest weapon in a winner's hand.
Rule 12: Once you achieve your goals, stop in a timely manner, as energy is limited! Do not think about making money non-stop in a single day; after achieving your goals, take a good rest.
Rule 13: Stopping losses is a responsibility you must bear, while profits are gifts from the market. Do not get this reversed; the market does not owe you anything.
Rule 14: Wealth comes from waiting, not from frequent trading. Do not think about making hundreds of profits in a day; real profits are often earned through waiting.
Rule 15: Desire will destroy your mindset, while execution ability can save you. Execute strictly according to your trading strategy, do not be influenced by emotions, and achieve unity of knowledge and action!
These rules may seem simple, but they are not easy to execute. Only those who can truly implement them will become the ultimate winners!#加密市场回调 #美联储取消创新活动监管计划