The longer you spend in the world of cryptocurrencies, the more you understand one truth: the people who can consistently make money are often not the smartest, but the most disciplined.
They all have their own set of "trading rules". I share some principles that have helped me greatly, and I hope they help you reduce mistakes.
1️⃣ Opportunities come from "waiting", not from "chasing". The more eager you are to make money, the greater your chance of exiting the market.
2️⃣ Don't look at others making profits that make you feel jealous. Everyone has their own market; focus on the opportunities you can understand.
3️⃣ It's not scary to miss the opportunity, but the mistake is what can be fatal. If the movement isn't for you, holding onto it will only lead to greater losses.
4️⃣ The right vision does not equal the right execution. No matter how accurate the estimates are, if no bets are placed or only small bets are made, big profits will not be achieved.
5️⃣ Don't delude yourself into thinking you can predict every rise and fall. If there were people like that, they would have stopped talking in the group.
6️⃣ Psychological breakdown always starts from significant losses. Controlling individual losses is the way to maintain mental stability.
7️⃣ You don't need to capture all the fluctuations. Just make sure to earn more when you win and lose less when you lose.
8️⃣ It can be missed; it's better not to go in the opposite direction. Trading against the trend is the most expensive lesson in this market.
9️⃣ The more you want to go fast, the harder it becomes. Frequent trading is no better than waiting patiently, so reduce the trades to earn more.
🔟 Staying alive is more important than anything. Preserve your capital; when the big opportunity comes, you can be there.