💡 5 hard-core rules for not making mistakes in cryptocurrency trading, making money depends on these few tricks! 💡

The cryptocurrency circle can make you rich overnight, but it can also make you go back to the days before liberation overnight. If you want to make money steadily in this cusp, you must remember these 5 rules! Each one is a hard-core experience I have summed up from my bitter lessons. It is simple and direct, suitable for you who want to make money but don't want to make mistakes.

1. Protect your principal and don't go all in at the beginning

No matter how tempting the market looks, never go all in. A full position means you have no way out. If the market suddenly reverses, you can only watch and lose money. Keep some ammunition in your hand, you can add positions if it rises, and you still have room to make up if it falls.

2. Don't touch coins you don't understand

There are new projects emerging in the market every day, such as concept coins, metaverse coins, AI coins, and all kinds of stories sound beautiful. Don't blindly follow the trend, there are always only a few who can make money. Don't touch any projects you don't understand! It is better to miss than to be cut.

3. Don't be greedy, quit when you are ahead

Everyone makes money in the bull market, but most people often lose money when the market is the hottest. Remember: Profits count only when they are in hand, and no matter how beautiful the numbers on the books are, they may disappear at any time. If you make money, put it in your pocket in time, and don't wait for the high point to be trapped.

4. Control your emotions, don't mess around with the market

The most fearful thing about currency speculation is to follow your emotions. When the market rises, you are so excited that you want to double your bet; when it falls, you are so panicked that you want to cut your losses and get out. In fact, the most important thing to do is to stay calm, act according to the plan, and don't be led by the market.

5. When the risk is greater than the opportunity, it is better to miss than to make mistakes

When the market is crazy, many people want to make the last profit desperately, but the result is often that they are led into the pit by the last wave of the market. At this time, seeing that the risk is far greater than the opportunity, it is better to wait and see with empty positions than to rush into the market blindly. Safety is more important than anything else.

Cryptocurrency trading is like playing chess, you can only go far if you take every step carefully. Don't think you can get rich overnight, you have to play it safe and steadily to have the last laugh.