15 Trading Rules Every Newcomer in the Crypto World Must Remember
1. Survival First, Principal Above All: Only by preserving your principal can you survive in the market long-term; staying alive gives you a chance.
2. Stay Indifferent to Fame and Wealth, Profit Easily: Don't be greedy; making money isn't that hard. Relax your mindset, and profits will come naturally.
3. Focus on a Few, Go with the Trend: Concentrate your efforts on a few assets; avoid excessive trading and follow market trends.
4. Operate Steadily, Don't Take Risks: Avoid heavy positions, don't hold on stubbornly, reduce frequent trading; controlling risk is key.
5. Think Twice Before Buying, Be Decisive When Selling: Consider carefully when buying, but don't hesitate when selling; decisively exit to lock in profits.
6. Wealth is Infinite, Prevent Losses: Money can be earned endlessly, but a single loss can wipe you out; preventing losses is more important than making profits.
7. Prioritize Stop-Loss, Exit Decisively: If you hit your stop-loss point, exit immediately; stop-loss is always the right choice, don't rely on luck.
8. Lock in Profits for Safety, Win Steadily: Whether trading short or long-term, securing profits is the safest strategy.
9. Markets Have Cycles, Extremes Will Reverse: Markets always reverse; understanding cycles allows you to stand on the winning side.
10. Be Patient and Seize Opportunities: Don't rush into trading when there's no market movement; missing opportunities is normal; just seize what you can.