Investment rules of the local dog market
Control the investment amount: The local dog market fluctuates greatly and projects can easily return to zero, so you should use small amounts when investing, and never go all in. This way you can control the scope of your losses.
Seize the opportunity to act: Information in the cryptocurrency market is very timely. If you are sure there is an opportunity, you must act decisively, but the premise is to base it on your own evaluation of the project and your understanding of the market. You cannot blindly follow others.
Develop an exit strategy: You need to set an exit strategy in advance. For example, if the project doubles, you should take out the principal first, and then gradually cash it out, so as to cope with market uncertainties and effectively control risks.
Diversify your investment: You can spread your funds across multiple projects or different types of cryptocurrencies to reduce the overall risk.
Maintain a calm mind: Be patient when investing, don’t be impatient, wait patiently for the right opportunity, and avoid falling into the “greed trap” due to impatience.
Market operation suggestions
Don’t buy at the bottom easily: The characteristics of the projects in the local dog market determine that you should not buy at the bottom easily, especially those projects that first rise sharply and then fall, which may directly return to zero.
Be familiar with the operating procedures: Before performing any operation, you must first be familiar with the entire operating process. If it involves internal disk operations, you must be more cautious and not blindly follow the trend.
Pay attention to market changes: Pay close attention to market trends, withdraw the principal in a timely manner, and make good use of the relevant settings of the platform to ensure the safety of funds. Don't be fooled by those so-called stories of getting rich.