The six iron laws of the currency circle include:
Buy with patience, sell with determination, and hold with confidence. This means that in the investment process, you need to be patient and wait for the right time when buying, and you need to make decisive decisions when selling, and you need to be confident during the holding period.
Buy when there is a small drop in the rise; sell when there is a small rise in the fall. A small drop in the market's upward trend is a good time to buy, and a small rise in the market's downward trend should be considered for selling.
Buy in batches, no loss; buy once, more loss. Investors are advised to buy in batches to avoid possible losses caused by a large one-time investment.
Support levels will be lost if they are defended for a long time, and resistance levels will be broken if they are attacked for a long time. In trading, holding on to support levels for a long time may lead to loss of support, while long-term attacks on resistance levels will eventually be broken.
Both shorts and longs can make money, but only greedy people don't. Whether shorting or longing, there is a chance to make money, but greedy investors often cannot make a profit.
Eat eight-tenths full, and make eight-tenths of money from buying and selling. It is a metaphor that in investment, don't pursue perfection too much, stop when you are satisfied, so as to maintain stable returns.
These rules are designed to guide investors on how to make wise investment decisions in the cryptocurrency world, avoid common mistakes, and achieve better returns on investment.
