If you plan to make a living by speculating in cryptocurrencies, these eight iron rules are worth pondering and understanding!

I have been in the crypto industry for 8 years. I must read these eight iron rules before entering the market every day, which allows me to survive rounds of big drops. I share them with my friends today, hoping to be inspired.

1. When entering the market, you cannot only look at the trend of the "K-line" of the coin, especially for short-term trading, you need to look at the 30-minute K-line. At the same time, the market must stabilize and resonate at this moment before you can start. For example, sometimes you see a K-line with a long upper shadow line, and you feel that there is no chance, but the next day it pulls out a big sun or even a daily limit. In fact, if you look at the 30-minute K-line, you will see the mystery.

2. The trend and order are wrong, and it is a mistake to look at it more. You must follow the trend, and the order of the rise cannot be destroyed.

3. If the short-term is not a hot spot or a potential hot spot, it is better not to do it.

4. Give up all impulses to enter the market. Trade your plan and plan your trade.

5. Anyone's views or opinions are just references. You must have your own careful consideration and serious analysis.

6. Lock the direction first and then select a coin. If the direction is right, you will get twice the result with half the effort; if the direction is wrong, you will get half the result with twice the effort.

7. Intervene in coins that are on the way up. It is a taboo to like to guess the bottom. I always feel that it will rebound soon, and then there will be an ultimate shock. Stock prices always move in the direction of "small resistance levels". Intervening in a currency that is on the rise means choosing a direction with less resistance.

8. After making a big profit or a big loss, you should empty your position and re-examine the market and yourself. It is not too late to make a move after clarifying the reasons for the big profit or loss.

After so many years of cryptocurrency trading, I have found that the probability of being right after a big profit or a big loss is as high as more than 90%.