Six Survival Rules in the Crypto World: If you follow my guidance and still don’t make money, come find me:
1. Trend First
Without a trend, there is no profit-making effect. Large funds only take trend positions; without a trend, they remain in cash or play with small amounts.
2. Choose the Right Coin
Selecting the right coin is a key factor in determining your success. Strong coins will experience one-sided fluctuations upward, characterized by: significant gains and minimal pullbacks.
3. Learn to Wait in Cash
Never chase highs; it's better to stay in cash, waiting for a bottom or a temporary bottom to enter. Buy strong coins with good technical patterns after thorough research, and avoid weak coins.
4. Be Able to Hold
After buying, do not sell unless a top pattern appears. Hold onto it firmly until a topping signal is evident.
5. Don’t Chase Tails
Sell when it reaches a relatively high position; avoid chasing the tail as the risk increases over time.
6. Know How to Cash Out
Understand that you need to sell a portion of your profits to have enough cash flow to support your life.
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