Rule 1: Principal first! Always remember, preserving your principal is key to surviving in this market. Saying it three times isn't enough! Many people only think about making money, ignoring the risks, and end up being taught a lesson by the market.
Rule 2: Don't be greedy, earn steadily. Slow is fast. In fact, as long as you aren't greedy, making money isn't hard; stable, small profits are more reliable.
Rule 3: Diversify your investments, invest in a portfolio, leave room in your positions, and follow the trend. Never go all in; once the market reverses, you lose your exit.
Rule 4: Don't over-invest, never buy coins in a downtrend, don't operate frequently, and don't chase prices up or down. These are good habits to leave yourself an exit.
Article 5: Buy a little slower, accumulate in batches during sideways movements, and buy gradually. Sell decisively when you reach your target price.
Article 6: You can never earn all the money, but you can lose it all. Don't think about taking all the profits; the market may hit you back at any time.
Article 7: Opportunities are always there; significant changes in the fundamentals of coins that are detrimental to their development should prompt a stop-loss. Not stopping losses might send you back to square one overnight.
Article 8: If trading long-term, view it on a weekly basis; if trading ultra-long-term, view it on a monthly basis. If the trend reverses and is in a downward channel, secure your profits. What you have in hand is the most stable; don't greedily think that the market will always move forward.
Article 9: The market will always reverse at its extremes. This will never change, so don't fantasize that trends won't reverse.
Article 10: Don't trade without opportunities. Missing opportunities is the norm; capturing a portion is enough, don't think about getting it all.
Article 11: Waiting for opportunities is always better than searching for them. Patience is the greatest weapon of winners.
Article 12: Stop when you reach your goal; energy is limited! Don't think about making profits non-stop all day; rest after achieving your goals.
Article 13: Stop-loss is your responsibility; profits are the market's gift. Don't get confused; the market owes you nothing.
Article 14: Money comes from waiting, not from frequent trading. Don't think about making 100 trades a day; real profits come from patience.
Article 15: Desire can ruin your mindset; execution can save you. Follow your trading strategy strictly, don't let emotions lead you, and achieve unity of knowledge and action! These rules seem simple, but they are not easy to execute. Only those who can truly achieve this can become the final winners!
The market has experienced a sharp decline, and next I will prepare some coins suitable for bottom-fishing as a recovery plan. I want to join the chat room gathering; choices are greater than efforts!
