Jesse Livermore, the King of Speculation, Stock Trading Rules (Crypto Market Edition)
1. Buy rising coins and sell falling coins.
2. Refuse to trade frequently. Trade only when the market is obviously bullish or bearish. The trading direction is consistent with the overall market. When the overall market rises, go long; when the overall market falls, go short.
3. The trading pace must be coordinated with the key points of time and price.
4. Wait until the market changes to prove your point before trading; trading is fast.
5. Cut losses and let profits run: if the transaction is profitable, continue to hold; if the transaction is loss-making, close it as soon as possible.
6. When the market is no longer divided, expectations are consistent, and the trend of profit has ended, close the transaction.
7. When trading coins, only buy the leader - the one with the strongest trend.
8. Never buy more when the price drops, for example, if a certain coin has been trapped, continue to buy to spread the average cost.
9. Never add margin, simply close the position to admit loss or stop loss.
10. When the price of the coin hits a new high, buy long; when the price of the coin hits a new low, sell short.
11. Let go of the currency if it falls, don't have faith, don't speculate in the currency and become a currency owner.
12. Never buy because the price of the currency is too high; never sell because the price of the currency is too low.
13. No matter how wrong your views are, the market is never wrong.
14. The most profitable transactions often have book profits at the beginning.
15. There is no trading rule that is always successful
