If you are serious about staying in the cryptocurrency world for the next few years and view trading as a side job, these 10 essential rules will provide important insights. They offer practical advice for anyone aiming to make a living from cryptocurrency trading. Be sure to save them for future reference!

1. Beware of the Traps of Losses

Assuming you start with $1 million. If you manage to double your investment to $2 million, but then experience a 50% loss, you will return to square one with $1 million. This highlights a harsh reality: it’s easier to lose 50% than to gain 100%.

2. Gains and Losses Do Not Cancel Each Other Out

If you have $1 million and your portfolio increases by 10% on the first day to $1.1 million, then decreases by 10% the next day, you will end up with $990,000. The same result occurs if it decreases first and then increases—you still have $990,000. Now, if you manage to achieve a 40% profit in one year and a 20% loss the following year, and this cycle repeats for six years, you may only increase your portfolio to about $1.4 million. Your annual return? Only 5.83%, which is even lower than long-term government bonds.

3. Small Daily Profits Can Accumulate Quickly

Starting with $1 million, if you consistently generate a modest 1% profit each day and never exit the position, your assets could grow to about $12 million in 250 trading days, and even exceed $140 million in 500 days. However, maintaining such stable daily profits is not easy.

4. Sudden Profit Increases Are Hard to Sustain

If you start with $1 million and aim for a 200% profit each year, after five years, your portfolio would grow to over $230 million. However, achieving such high returns consistently over many years is extremely difficult and rare.

5. The Power of Long-Term Accumulation

If you want to turn $1 million into $10 million in a decade, or even $100 million in two decades, you will need to achieve an annual return of about 26%. While not impossible, this is a challenging goal that requires a disciplined strategy and careful risk management.

6. Average Down, But Don't Fool Yourself

If you invest $10,000 in a cryptocurrency asset at $10 per unit, and the price drops to $5, buying an additional $10,000 will reduce your average cost to about $6.67, not $7.50 as you might think. This strategy can help, but it’s important to be realistic about your cost basis.

7. Profits and Holding Free—But Stay Vigilant

If your $1 million investment yields a 10% return, selling enough to cover the initial capital allows you to keep the remaining position "risk-free." In reality, leaving a portion worth $100,000 tokens on the market may give you peace of mind, but if that asset drops 50%, you still face significant losses.

8.If you want to interact or have any issues regarding the market that need addressing or want to join a free signal group, please contact me through the number in the bio.

9. Market Crashes Reveal Strong Assets

Large drops act as a test for the quality of projects. If the cryptocurrency you choose barely moves during a market-wide sell-off, this may indicate that large investors or market makers are actively supporting it. Such coins are often worth holding during tough times to potentially reap rewards later.

Each of these rules provides valuable lessons for cryptocurrency traders, especially those aiming for long-term success. Tailor these principles carefully to your trading style, and always maintain vigilance. Cryptocurrency is volatile, and discipline is your greatest asset.
10·wishing everyone a happy new day, trading in all green #BinanceTurns7 ##MarketDownturn