15 Trading Rules Every Newcomer to the Cryptocurrency World Must Remember
1. Survival First, Capital is Paramount: Only by preserving your capital can you survive long-term in the market; staying alive gives you an opportunity.
2. Be Indifferent to Fame and Fortune, Profit Easily: Don't be greedy; making money isn't that hard. Keep a relaxed mindset, and profits will come naturally.
3. Focus on the Few, Go with the Trend: Concentrate your efforts on a few assets, avoid over-trading, and follow the market trend.
4. Operate Steadily, Avoid Risks: Don't over-leverage, don't stubbornly hold on, reduce frequent trades, and controlling risk is key.
5. Think Twice Before Buying, Be Decisive When Selling: Consider thoroughly before buying, and act decisively when selling; exiting promptly secures your profits.
6. Wealth is Infinite, Prevent Losses: Money can be made indefinitely, but one loss could wipe you out; preventing losses is more important than making profits.
7. Prioritize Stop-Loss, Exit Decisively: Upon hitting the stop-loss point, exit immediately; stop-loss is always the right move, don't hold onto hope.
8. Secure Profits, Win Steadily: Whether trading short-term or long-term, securing profits is the safest strategy.
9. The Market Has Cycles, Extremes Will Reverse: The market always has reversals; grasping the cycles allows you to stand on the winning side.
10. Wait Patiently, Seize Opportunities: Don't rush to trade when there's no market movement; missing opportunities is normal; just seize what you can.
11. Plan Ahead, Discipline is Key: Have a plan before trading, strictly adhere to your discipline, and don't change strategies arbitrarily.
12. Keep Learning, Continuously Improve: The market is changing, and you must adapt; continuous learning helps you keep up the pace.
13. Manage Emotions, Respond Calmly: Don't let emotions dictate your trades; stay calm, and rational operations will lead to wins.
14. Diversify Investments, Reduce Risks: Invest diversely; don't put all your eggs in one basket; spreading risk allows for peace of mind.
15. Set Clear Goals, Stick to Principles: Set clear trading goals, adhere to your trading principles, and don't waver easily.
