In the turbulent sea of the crypto world, true experts do not rely solely on technology to dominate but rather on a profound understanding of market rules and strict adherence to them. These are the six iron rules I have always followed, shared with those destined to encounter them, so you too can navigate the path of cryptocurrency trading with ease and manage risks effortlessly!
1: Fluctuations are unpredictable, mindset is king: Don't rashly claim a peak during an uptrend, and don't assert a bottom during a downtrend. Just like whether Bitcoin can stand above $150,000, only when the market is crazy can the answer be revealed. What you think is the bottom may just be a temporary stop, the real bottom is always unfathomable.
2: Gradually build positions, stability is king: Experts never rush to achieve results when building positions. Each buy and sell is controlled within one percent. This strategy allows them more opportunities to make mistakes, lower costs, and reduce risks.
3: Dare to chase highs, achieve the extraordinary: In the crypto world, being afraid of heights is a sign of misfortune. You must know that the main players' costs in a cryptocurrency are far from what you imagine—promotion fees, chip costs, development fees, etc., these are investments that are several times or even dozens of times higher. Therefore, daring to chase highs is how to capture real opportunities.
4: Bull market turnaround, don't miss the opportunity: The bull market is the only chance for a turnaround. Just like Buffett, no matter how smart he is, if he misses the bull market, he can only wait silently in the bear market. Therefore, in the crypto world, seizing the bull market is seizing the key to wealth.
5: Technical indicators, for reference only: Technical indicators often have a lagging nature; they can only serve as references and not as the main basis for buying and selling. Even though technical indicators perform well during strong uptrends, the price is already high, so chasing gains requires caution.
6: Full of confidence, fearless of the market: True cryptocurrency trading experts are full of confidence. They have experienced losses but have never been defeated. Because they firmly believe they will eventually conquer the market, this belief is the key to their success.
Trading cryptocurrencies is not only a battle of technology and luck but also a test of mindset and wisdom. Only those who master these iron rules and strictly adhere to them can remain undefeated in the crypto world!