Must-read for beginners, 15 survival rules in the cryptocurrency world!
Rule 1: Preserving your capital is the first rule for investors. Preserving your capital is the first rule for investors. Preserving your capital is the first rule for investors. Important things are worth repeating three times; many people chase profits and disregard risks, leading to losses in this market.
Rule 2: As long as you are not greedy, making money is very simple, stable and with small profits.
Rule 3: Do not diversify too much, never go all-in, and follow the trend.
Rule 4: Do not over-invest, do not hold positions, do not trade frequently.
Rule 5: Do not rush to buy, be decisive when selling, and do not delay stop-loss.
Rule 6: Money can never be fully earned, but it can be completely lost.
Rule 7: If a stop-loss is triggered, exit unconditionally; stop-loss is always correct!
Rule 8: Is short-term stability better or long-term stability? Taking profits is the safest.
Rule 9: What never changes in the market is that extremes will reverse.
Rule 10: Do not trade without a market; missing trading opportunities is normal, capturing a part is enough.
Rule 11: Waiting for trading opportunities is always a hundred times better than seeking them.
Rule 12: Complete your profit goals every day and stop trading. Energy is limited!
Rule 13: Stop-loss is yours, profits are given by the market.
Rule 14: Money comes from waiting, not from frequent trading.
Rule 15: Your mindset is vulnerable in the face of desire; strictly follow trading strategies to achieve unity of knowledge and action.