Nine principles of the cryptocurrency circle, understand them and avoid three years of detours:
1. Don't be easily deceived by low-priced chips, be firm in your faith, and prevent the dog dealer from knocking and smashing the market;
2. Chasing up and killing down, entering and exiting with full positions are always taboos. The general trend is favorable. Building positions in batches when the market falls has lower risks, lower costs, and greater profits than chasing up;
3. Reasonably allocate profits and maximize the release of funds, rather than constantly adding positions;
4. When the market rises sharply, sell the capital, and when the market falls sharply, keep the currency. At any time, you must have a positive mentality, do not speculate, be impetuous, be greedy, be afraid, and do not fight unprepared battles;
5. The ambush or private placement of low-priced coins in the front is to rely on experience and bet on the future of the coin with the dog dealer. The secondary market game in the back is a process of following the dealer based on technical aspects and news. Don't put the cart before the horse and end up in a mess.
6. When building a position or shipping a product, you must divide it into different levels, and gradually open up the price level to effectively control the ratio of risk and profit;
7. Be familiar with the linkage effect, and pay attention to the market trend of other coins. Each coin is not isolated in the market. It seems that there is no connection, but in fact it is intricate. The linkage effect requires understanding of the coin and making full use of the consulting tool APP;
8. Reasonable allocation of positions, reasonable allocation of hot coins and value coins, and attention to the pressure resistance and the ratio of profit intake. Being too conservative will miss opportunities, and being too aggressive may face high-risk risks! The biggest feature of value coins is stability, and the biggest feature of hot coins is violent volatility. It may rise to the sky or return to zero in one battle.
9. Idle money investment is the foundation. Having coins on the market, oil in the account, and money in the pocket is the safest and most secure standard. You can't go all-in. The grasp of risk control and the reasonable allocation of funds are the key to determining your mentality and success or failure.