Six Survival Rules in the Crypto World: As long as you follow my operations, if you can't make money, come find me:
1. Trend First
Without a trend, there is no profit effect. Large funds only make trend trades; without a trend, they don't make trades or play with small funds.
2. Choose the Right Coin
Choosing the right coin is a key factor in determining your success. Strong coins will experience one-sided upward fluctuations, characterized by: significant gains and minimal pullbacks.
3. Learn to Wait with No Position
Never chase highs; it’s better to stay out and wait for a bottom or a temporary bottom to enter. Buy into strong coins with good technical patterns after extensive research; do not touch weak coins.
4. Be Able to Hold
After buying, do not sell unless a top pattern appears. Hold on firmly until a peak signal is seen.
5. Avoid Selling at the Tails
Sell when prices reach relatively high levels; you can choose not to sell at the tail. The further along, the greater the risk.
6. Understand Cashing Out
You need to know how to sell part of your profits to convert them into cash; you should have enough cash flow to support your living expenses. #BTC