Now entering my 3rd cycle, I have learned a lot along the way.
If you are a beginner, Read Clearly:
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It took me 3 crypto cycles to make over $2.9 million.
The road to success is filled with mistakes and disappointments, but years of learning and dedicated practice have brought me to where I am today.
I want to share 10 rules that have helped me make money in this field 👇
1/ Spacious DYOR
You should understand the technology, backstory, team, community atmosphere, and possible catalysts of the tokens you are interested in.
Stay up to date on the latest news, partnerships, and other changes that may impact your position.
2/ Everything in this world happens in cycles. Study history.
In a field where cycles are inevitable, ignoring historical knowledge can actually set you back.
While some people learn only by making their own mistakes, wise people gain insight from the experiences of others.
3/ Control your emotions
The market has its ups and downs. Stick to your original plan.
Seeing other people's success can trigger FOMO and lead to bad decisions.
Take your time, stay calm and make wise choices with your hard earned money.
4/ Take profit decisively
Most of the popular coins today will fall sharply after the price increase.
You won't sell when the price is at its peak, so take profits when the price is rising.
Using this strategy will help you avoid devaluation.
5/ Cut loss
If one currency continues to underperform, switch to a winning currency. Don't marry a loser.
This cycle is no different — not every coin will increase in value 10-50x.
The only way to play it right is to sell the underperforming tokens outright.
6/ Discipline & focus
Stick to your money making plan and try to avoid impulsive decisions based on emotions or FOMO.
Set realistic profit targets and exit strategies, and stick to them even when the market is volatile.
