8 years of blood and tears experience in cryptocurrency trading! Three major rules help you avoid the tragedy of liquidation!

After eight years of ups and downs in the cryptocurrency circle, I deeply realized that in this market, ** mentality and rules are the most deadly weapons. ** If you are not careful, you may fall into the abyss of liquidation at any time. Today, I want to tell you my personal experience of blood and tears. Three major rules will help you keep your pace and avoid going astray!

Rule 1: Always stay calm and don't be greedy!

I have suffered a big loss because of violating this sentence. ** Whenever I see the price of the currency soaring, the greed in my heart begins to expand, ** The result is often to rush into the market to chase high, but not long after, the price reverses, and the assets in my hands shrink. I remember that at that time, $BTC once broke through 50,000 US dollars, and I chased it, but it was liquidated. Calmness can help you avoid extreme emotional trading, and always insisting on rational operation is the ultimate kingly way. Don't lose judgment for a momentary profit!

Rule 2: Fund diversification, stop loss setting!

Not everyone in the cryptocurrency circle can get rich overnight. You may encounter opportunities to make a lot of money, but there are also certain risks. Therefore, diversify your investments and never put all your money on a single asset. **Setting a stop loss is very important. **Whenever the market fluctuates greatly, stop loss can keep your chance of survival. I have learned a lot of painful lessons in this regard. Once I didn't set a stop loss and missed the opportunity to escape the top. In the end, I had to hold on to the "bear market". Not only did I suffer a serious loss of funds, but I also suffered a psychological blow. Therefore, stop loss is essential!

Rule 3: Learn to wait patiently and find the right buying point!

Many novices are eager to enter the market in the face of the rise and miss the good opportunity to buy. **Patience is more valuable than passion. **The market is like a huge cycle. We need to know how to wait for the best time to enter. Once I didn't rush to chase the decline when the $XLM market plummeted, but waited for the right rebound signal, and then decisively entered the market, and finally reaped considerable returns. Waiting does not mean missing, but avoiding making wrong decisions.

These three rules are the summary of my eight years of hard work in currency trading. The currency circle is like a battlefield. If you are not careful, you may ruin everything. If you want to avoid the pain of liquidation, you must follow these rules, keep your mind steady, carefully plan, and win in the future!