I have summarized 8 iron laws of cryptocurrency trading for you who have just entered the market. The content is not much, but the gold content is very high. It is recommended to collect it!

1. Don't rush to get on the train: You may feel itchy when you hear that others have made money, but don't rush to rush in. You must first understand some basic knowledge and know what cryptocurrency trading is, and then consider investing money.

2. Be careful about chasing ups and downs: Don't follow the trend, don't blindly follow others to buy. You may not know until others buy in, and it may be too late at that time. It is better to wait for a good time before taking action.

3. Don't bet all your money on one target: Don't put all your eggs in one basket. You should diversify your investment and buy several different targets, so that the risk is dispersed.

4. Have a bottom line: Set your own loss tolerance, and don't throw all your money in for a gamble. Set a stop loss point, stop loss in time when the loss reaches a certain level, and protect your principal.

5. Learn more and be less blind: Learn more about the currency circle, such as looking at the basic situation of the target and listening to the advice of experts. Don't spread rumors, don't just listen to the wind.

6. Don't be greedy: When you see that you have made some money, you will think about making more money. As a result, you may sell everything you have and end up with nothing left. Take out part of the profit in time, and don't always think about making more.

7. Don't be swayed by emotions: The market fluctuates greatly, don't be swayed by emotions. Don't rush to sell just because others are anxious like ants on a hot pot, and don't blindly chase the rise just because others are buying.

8. Time is a friend: Don't be anxious, time is a friend. Don't think about getting rich overnight, be patient, take your time, make steady progress, and make money slowly.

Remember, you should invest rationally in currency trading and invest your spare money!

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