In the cryptocurrency trading, there are eight right and eight wrong key principles to remember:

1. Going with the trend is the right move, and going against the trend is a big mistake. Once a trend is formed, it is extremely difficult to change in a short period of time. Going with the trend allows us to follow the rhythm of the market, reduce risks, and increase the possibility of profit.

2. Light position operation is the right choice, and heavy position is a wrong decision. Positions will directly affect the trading mentality, and then affect the rationality of decision-making. Light positions can keep us calm in market fluctuations and calmly deal with various situations.

3. Contentment is the right attitude, and greed is the wrong mentality. Greed is the enemy of trading, and contentment is the key to success. Only by knowing when to stop and not being swayed by excessive desires can we remain rational in trading.

4. Strictly implementing stop loss and profit protection is the right approach, and letting it go is a wrong behavior. Protecting the principal should always be put first, and making money is second. By setting stop loss and profit protection points reasonably, ensure the safety of funds and achieve stable profits.

5. Objective operation is the right direction, and subjective analysis is prone to errors. Objective operation means abiding by established rules and trading systems, and not being swayed by personal emotions and subjective assumptions.

6. Waiting and patience are the right choice, while impetuous impulse is a wrong performance. Cultivate patience, wait for the right time to act, and avoid making wrong decisions due to impetuous impulse.

7. Profit-making plus is the right strategy, while being trapped plus is a wrong operation. Increasing when profitable means the direction is correct and can further expand profits; while increasing positions when trapped means getting deeper and deeper in the wrong direction.

8. Being calm is the right state, while being worried about gains and losses is the wrong mentality. The essence of trading is a confrontation between human nature and mentality. Only by keeping calm can we make wise decisions in a complex market environment.

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