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 is paramount
Without a trend, there is no profit effect. Large funds only make trend trades; if there is no trend, they either stay out of the market or trade with small capital.
2. Choose the right coin
Choosing the right coin is a key factor in determining whether you can succeed. Strong coins will experience one-sided fluctuations upwards, characterized by: significant gains and minimal pullbacks.
3. Learn to wait with no position
Never chase highs; it’s better to stay out of the market and wait for a bottom or a temporary bottom to enter. Buy strong coins that have good technical patterns; conduct extensive research before buying, and avoid weak coins.
4. Be able to hold
After purchasing, do not sell unless a topping pattern appears. Hold on firmly until a peak signal is observed.
5. Do not catch the tail
Sell at relatively high positions; avoid catching the tail, as the risks increase the further along you go.
6. Know when to cash out
Understand that you need to sell part of your profits to maintain liquidity; ensure you have enough cash flow to support your living expenses.
As an experienced crypto investor, I freely share my experiences and insights. Are you interested in the crypto world but don’t know where to start? Follow me to see my insights, and I’ll help you achieve freedom in this bull market.