Survival rules in the cryptocurrency world.
Who can survive is the king.
Next, I will talk about the 15 most important rules for survival in the cryptocurrency world.
First rule: Capital first! Always remember, preserving your capital is the key to surviving in this market. Saying it three times is not enough! Many people only think about making money 💰, but ignore the risks, and end up being taught a lesson by the market.
Second rule: Don't be greedy, stabilize your returns. Slow is fast. In fact, as long as you are not greedy, making money 💰 is not difficult; stable, small profits are more reliable.
Third rule: Diversify your investments, combine your investments, leave room in your positions, and go with the trend. Never go all in; once the market reverses, you will have no way out.
Article 4: Do not over-leverage, never buy coins in a downtrend, do not operate frequently, do not chase up or down. These are good habits that leave yourself a way out.
Article 5: Buy slowly, accumulate in stages during sideways movement, and gradually buy in. Sell decisively, when reaching your target price, sell immediately.
Article 6: 💰 You can't turn it all, but you can lose it all. Don’t think about consuming all the profits; the market can slap you back at any time.
Article 7: Opportunities are always there. If the fundamentals of a coin change significantly and are unfavorable for its development, you should stop loss immediately; not stopping loss may lead you to go back to square one overnight.
Article 8: If you are doing long-term, you should view it on a weekly basis; if you are doing ultra-long-term, you should view it on a monthly basis. If the trend reverses and is in a down channel, you should take profits to ensure safety. What you have is the most stable; don’t greedily think that the market will always go up.
Article 9: The market will always have extremes that lead to reversals. This will never change; don’t fantasize that the trend won’t reverse.
Article 10: Don't trade if there are no opportunities. Missing an opportunity is normal; grasping a part is enough, don’t think about getting it all.
Article 11: Waiting for opportunities is always better than looking for them. Patience is the greatest weapon of a winner.
Article 12: Withdraw once you've achieved your goal; energy is limited! Don’t think about making money non-stop in one day; complete your goals and then rest.
Article 13: Stopping loss is your responsibility, profits are the market's gift. Don’t confuse the two; the market owes you nothing.
Article 14: 💰 It is earned by waiting, not by frequent trading. Don’t think about turning 100 times in a day; true profits come from waiting.
Article 15: Desire can crush your mindset, execution can save you. Stick strictly to your trading strategy, don’t be led by emotions, 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 can become the ultimate winners!#币圈生存法则 $BTC