Here are 21 life principles I always follow, which have helped shape me to achieve success and become the person I am today.
I hope they will help you too:
1.Donât forget to revoke approvals regularly
One exploit can ruin your port
2.Donât neglect your health and connections
Money can be printed but time is finite
3.Donât trade if you went through a big loss
Too many emotions that can affect your decision making
4.Donât feel that you need to trade because of FOMO
High frequency trading is the killer of edge
5.Donât obsess over price action
The more you look the more you doubt yourself
6.Donât double dip on underperformers
What underperforms in good times might perform worse in bad times
7.Donât follow the same strategy when conditions change
What works in the bull probably wonât in the bear
8.Donât bag hold and justify it through tech
Price action is more honest than fundamentals
9. Donât listen blindly to advice from others
If you canât think for yourself you shouldnât be here
10. Donât take a position without having an invalidation
Crypto isnât all or nothing. Risk management is crucial
11. Donât buy at resistance unless there is high demand
12. Donât lock your tokens without a plan
In most cases, I was better off holding the asset
13. Donât flaunt your wealth after making it
The market humbles the overconfident
14. Donât take every trade that is decent
Look for great trades
15. Donât compare gains to others
You are only competing with yourself
16. Donât be stubborn
The market is the boss. If you go against it you will probably lose
17. Donât make it in one trade
18. Donât download anything from anyone online
If you need to make sure itâs 100% legit
19. Donât hold on to your losses and hope you make it back
20. Donât look to make it solely through trading
Trading your way through riches without any income is playing the game on hard mode
21. Donât look to recoup losses by taking more risk
Whatâs lost is lost