13 Immutable Rules for Survival in the Cryptocurrency World!
Rule One: Preserve your capital to survive in the market long-term. Capital is your lifeline and must be firmly protected! Many people ignore risks in pursuit of high returns, resulting in heavy losses.
Rule Two: As long as you are not greedy, making a profit is actually quite simple. Maintain a stable mindset, earn a little less, and it will be easier to accumulate wealth.
Rule Three: Concentrate your investments, don't go all in, and follow the market trend. Avoid blindly diversifying investments and refrain from putting all your capital at risk; adjust your strategy according to market trends.
Rule Four: Avoid heavy positions, don’t stubbornly hold on, and trade less. Control your position size, don’t stubbornly hold onto losses, and trade moderately.
Rule Five: Enter calmly, exit decisively, and stop loss resolutely. Don’t rush to buy; when selling, be decisive and strictly enforce your stop-loss line.
Rule Six: The market has infinite profits, but losses can be bottomless. Don’t be greedy for money that can't be earned, but losses can deplete everything.
Rule Seven: Once a stop loss is triggered, exit immediately. Stop-loss is a protection for your account and should not be hesitated upon.
Rule Eight: Long-term and short-term, securing profits is the most stable strategy. Whether trading long or short, ensure that you secure your profits in the end.
Rule Nine: The unchanging truth of the market is that extremes will reverse. Regardless of rises or falls, there is a limit, and it will inevitably reverse.
Rule Ten: Don’t operate without opportunities; missing out is not scary. Don't force yourself to seize every opportunity; catching a part is already sufficient.
Rule Eleven: Waiting for the right opportunity is more important than blindly operating. Don’t rush to find trading opportunities; patiently waiting is more beneficial.
Rule Twelve: After achieving your goals, stop trading and conserve your energy. Don’t be greedy; exit at the right time after completing your daily goals to retain your energy for the next trade.
Rule Thirteen: Stop-loss is set by yourself, while profits come from the market's grace. Stop-loss is the investor's responsibility, while profit is the market's reward.
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