Eight iron rules for survival in the cryptocurrency circle to help you navigate the battlefield

The cryptocurrency circle is like a battlefield, with unpredictable changes. If you want to gain a foothold in this turbulent field, the following eight iron rules must be kept in mind.

1. Be cautious when adding positions. The cryptocurrency circle is full of fog. Once you are trapped, you must not blindly anxiously add positions in an attempt to reduce costs and quickly get out of the trap. This approach goes against market logic and requires careful consideration.

2. Increase profits. Don't blindly add funds before the trading system shows stable profitability. Losses mean that the strategy is flawed, and adding positions at this time will only increase losses. Reflect and adjust first, and then act after the strategy matures.

3. Go with the trend. Market trends are nothing more than ups, downs, and fluctuations. Light positions or empty positions in declines, and actively participate in rising positions. Only by following the trend can the success rate of transactions be increased.

4. Simple trading. When the chart shows a K-line pattern that conforms to the personal trading system, act decisively. At the same time, do a good job of stop loss and position management to protect trading safety.

5. Do not add positions when you lose money. Adding positions when losing money is like adding fuel to the fire, which will only make the risk out of control. Be calm and avoid emotions interfering with decision-making.

6. Accurately increase positions. When the market breaks through the resistance level, increase positions and buy at the right time; when it falls below the main distribution area, sell short decisively. The high-level shock after a long-term rise is a hidden mystery.

7. Avoid being impatient. Greed and desire are the biggest enemies of trading. Only by staying calm and patient can you gain a foothold in the complex and changing market.

8. Reasonable allocation. Investing is like walking on a tightrope, "don't put all your eggs in one basket". The risks in the cryptocurrency market are unpredictable, and diversification and diversified layout are the way to be stable.