Is the core of trading probability?

Now the daily routine is: Get up at 6:30 and go for a run, rain or shine. In the morning, I generally review yesterday's trades along with updates from the evening news, combining my positions and specific circumstances to make short-term trades or small fund operations to enhance my market intuition. Then I conduct a 2-hour review and summary, which is the most important task in the morning, aimed at making a good profit in the evening! After that, I write an investment-related article and post it on Zhihu, which serves as a record of my cryptocurrency trading life, so that when I grow old, I have a place to reminisce. I also like to write about investment experiences and insights, helping both myself and others.

Trading cryptocurrencies is a form of practice; those who can endure loneliness will succeed.

After 10 years of trading, I have developed the "Five Investment Rules + Ten Trading Rules + Stable Investment Plan" using real money in the crypto space. Regardless of whether you are a novice or an experienced trader, once you deeply understand the essence of these rules, I believe they will be helpful in your future trading endeavors.

Five Investment Rules:

1. Consider and observe the project from multiple perspectives; do not follow the crowd blindly. There have been many scams in the crypto space, and once the founder runs away, it is impossible to hold them legally accountable.

2. Understand blockchain and related knowledge, and know the industry pain points that blockchain aims to solve before entering the crypto space.

3. For the project you want to invest in, make sure to have a comprehensive understanding, including whether the project truly uses blockchain technology, whether the founder has disclosed their identity and has a legitimate background, whether the business logic of the project is closely related to the tokens, whether there are similar projects in the same industry addressing the pain points, and if the project can generate profit in real life if successfully implemented.

4. If you cannot accurately assess the future prospects of a cryptocurrency, do not invest more than 20% of your assets in blockchain investments, and do not put all your eggs in one basket.

5. Quality projects will also experience ups and downs; maintain a calm mindset. For the investment projects you believe in, do not overly concern yourself with the price in the short term, but pay attention to whether the team's development progress aligns with the white paper. Additionally, only by holding for the long term can you ultimately achieve greater returns.