Six Rules for Survival in the Crypto World:

1. Trend First

Without a trend, there is no profit effect. Large funds only engage in trend trades; without a trend, they stay in cash or play with small amounts.

2. Choose the Right Coin

Choosing the right coin is a key factor in determining your success. Strong coins will exhibit one-sided upward trends, characterized by: significant increases and minimal pullbacks.

3. Learn to Wait in Cash

Never chase high prices; it’s better to stay in cash and wait for a bottom or a temporary bottom to enter. Buy strong coins that have good technical formations after extensive research, and avoid weak coins.

4. Be Able to Hold

After buying, do not sell unless a top formation appears; hold on firmly until a top signal is evident.

5. Don’t Chase the Tail

Sell when prices reach relatively high levels; it’s advisable to avoid chasing the tail, as risks increase as time goes on.

6. Understand How to Cash Out

You should know to sell a portion of your profits to convert them into cash; ensure you have enough cash flow to support your living expenses.