Each of these reflects a key element to surviving in a volatile market:
1. Principal first: Protecting the principal is the basis of any investment. No matter how tempting the profit is, only by keeping the principal can you have the capital to continue fighting.
2. Restrain greed: Pursuing small and stable profits is more long-term than pursuing huge profits. Those who can control greed can often go further.
3. Position management: Concentrate on holding selected products and leave sufficient position space to cope with market uncertainties.
4. Light positions and frequency control: Light positions and reduced operation frequency can help us stay calm in fluctuations and avoid excessive exposure to risks.
5. Be patient when buying and decisive when selling: slowly look for entry opportunities, but once the time to sell appears, make a decisive decision and do not delay in stopping losses.
6. Know when to take profits: Market profits have a limit. Always remember that losses can happen in an instant and it is unrealistic to earn all profits.
7. Strictly implement stop loss: Stop loss is not only a protection of funds, but also a reflection of discipline. Once set, it must be implemented resolutely.
8. Lock in profits: Regardless of long-term or short-term investment, locking in profits is the most practical strategy because the market may change at any time.
9. The cyclical law of the market: Everything will turn around when it reaches its extreme. The market will not always run unilaterally and the trend may reverse at any time.
10. Wait and see at the right time: You don’t have to trade every moment. Stay patient and wait for good entry opportunities. It’s okay to miss them.
11. Wait patiently for opportunities: Actively waiting for opportunities is more advantageous than blindly looking for them. Patience is a powerful force.
12. Allocate your energy reasonably: Don’t overwork yourself. Stop after achieving your goal, give yourself space to relax, and greet the next opportunity in the best condition.
13. Clarify the relationship between stop loss and profit: stop loss is the trader's responsibility, while profit is a gift from the market and cannot be forced.
14. Profits come from waiting: Market profits mostly come from patient waiting, not frequent operations. The less you move and the more you watch, the better the effect.
15. Execution and mentality management: Desire will destroy the trading mentality, and execution is a powerful tool to deal with emotional fluctuations. The unity of knowledge and action is the way to success.
Incorporate these rules into your daily trading and you will find that your mentality is more stable and your decisions are clearer. The cryptocurrency market is unpredictable, but following these principles will give you more confidence and endurance to face challenges. Only those who can truly survive have the opportunity to become the winners of the market!