These rules must be learned by beginners and remembered by veterans to ensure you don’t get lost in the market and steadily make money.
1. Manage your wallet well, don’t spend money randomly.
If money is tight, focus on one: If you are short on funds, study one promising coin well and don’t get distracted.
If you have more money, split it into two: If your funds are slightly abundant, you can allocate some to another coin; don’t put all your eggs in one basket.
No matter how much money you have, don’t exceed four: Regardless of how much money you have, don’t buy more than four coins; otherwise, you won’t be able to keep track.
Invest boldly when the market is good, invest less when the market is bad: When the market is hot, invest boldly; when the market is not doing well, invest less, and you won’t feel heartbroken if you lose.
2. Follow the market, don’t force it.
Learn more about the market and some technical skills: Keep an eye on the news and learn some technical indicators, so you have a solid foundation in investing.
A rebound after a decline may be a trap, and a pullback after a rise should also be cautious: Don’t rush to buy just because it’s falling, and don’t rush to sell just because it’s rising; follow the overall market direction.
Don’t guess the thoughts of the big players: We can’t guess what they are thinking, so focus on your own investment plan.
3. Act when the market is lively, be flexible.
Act when the market is hot: When the market is lively, everyone is in a good mood, and that’s when opportunities are abundant.
Don’t be rigid, be flexible: When the market changes, our strategies should also change; don’t stick to the old ways.
4. If you lose, run; if you earn, take it.
If you lose to a certain extent, you must withdraw: If you lose, stop loss quickly, otherwise the losses will keep increasing.
Make money slowly: Even if you make money, don't be too greedy, take back the profits little by little.
4. Seize opportunities as soon as you see them, don’t hesitate.
See an opportunity and buy quickly: Opportunities are fleeting; if you see one, you must act quickly.
Sell quickly when you reach your expectations: If you make money or the market is not right, sell quickly and don't procrastinate.
6. Think carefully before increasing your position.
Ask yourself before increasing your position: If you want to increase your position, are you willing? If willing, then consider it.
7. Focus on long-term holding, with short-term as a supplement.
Don’t always think about short-term speculation: Speculating in the short term is easy to lose focus and can easily lead to a breakdown in mentality.
Follow the trend: Big money should follow the overall direction of the market and hold promising coins for the long term.
8. Don’t blindly catch the bottom, be rational.
A big drop doesn’t necessarily mean it’s the bottom: During a market crash, it doesn’t necessarily mean it’s the bottom; catching the bottom at this time may lead to being trapped.
Not many people make money: In the market, not many people can actually make money, so maintain rationality and don’t follow the crowd.
Finally, let me say one thing
A bull market tests not only whether you can make money, but also whether you can maintain a steady mindset. Keep calm, follow these rules, and you can steadily make money in the ups and downs of the market.
Recently, I plan to ambush a potential coin that is about to soar; doubling it is quite simple. At the same time, I am also looking for some potential coins to hold until the end of the year, expecting a space of more than 10 times is not a problem. I want to follow along, like + leave a message, and share without charge.
