After eight years of cryptocurrency trading, I reflect and summarize! Here are 8 iron rules for novices!

I have been on the road of cryptocurrency trading for eight years. I have experienced gains and losses, and various mental journeys. Let me summarize 8 iron rules for friends who have just entered the industry, hoping to help you avoid detours.

1. Always keep a learning attitude: the market changes rapidly, and new technologies and new projects emerge in an endless stream. Only by continuous learning can you keep up with the pace.

2. Risk management is the king: no matter how sure you are, you must set a stop loss. Only by controlling risks can you live longer.

3. Don't blindly follow the trend: projects with high market popularity may not be suitable for you. Analyze rationally and don't let emotions influence your judgment.

4. Be patient when holding coins for appreciation: long-term holding is sometimes the right strategy, but you must know how to choose coins with real potential.

5. Pay attention to market dynamics: always pay attention to news and market changes, and grasp information to respond quickly.

6. Don't be greedy: small profits are good, and they should be put in the bag in time. Don't expect to make a big profit every time.

7. Establish your own investment logic: Don't leave all decisions to others. Establish your own analysis system to better seize opportunities.

8. Keep a calm mind: Profits and losses are normal, don't let your emotions fluctuate due to short-term fluctuations. Stay calm to make rational decisions.

I hope these experiences can help you. Remember to stick to your principles and take steady steps. I wish you good luck in trading cryptocurrencies!