If you plan to trade cryptocurrencies full-time, these eight iron rules must be repeatedly pondered and understood!

1. At the time of entering the market, do not only look at the cryptocurrency K-line "trend"; especially for short-term trading, you also need to look at the 30-minute K-line. At the same time, the overall market must stabilize and resonate before you can take action. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day a big bullish candle appears. In fact, if you look at the 30-minute K-line, you will see the subtlety.

2. If the trend and order are not correct, looking one more time is making a mistake. You must follow the trend, and the upward order must not be disrupted.

3. If you are not in a hot spot or potential hot spot for short-term trading, it is better not to trade.

4. Abandon all impulsive entries. Trade your plan, plan your trade.

5. Anyone's opinion or viewpoint is merely a reference; you must have your own careful consideration and serious analysis.

6. First, lock in the direction, then select the coins. If the direction is right, the effort will be halved; if the direction is wrong, the effort will be doubled.

7. Enter coins that are currently rising. It is a big taboo to guess the bottom, always feeling that a rebound is imminent, followed by a final shakeout. Cryptocurrency prices always move towards the direction of small resistance levels; entering coins that are currently rising means choosing a direction with less resistance.

8. After a big gain or a big loss, you must empty your position and take a break to cool your brain and reassess the market and yourself. Clarify the reasons for the big gain or loss; it is not too late to take action again. In my many years of cryptocurrency trading, I have found that after a big gain or loss, it is essential to empty the position.