I know many people are focusing on the cryptocurrency market right now, always feeling that there are opportunities hidden in it to 'support the family with it.' But let me tell you, this industry is not about blindly relying on luck. After years of struggles and hard work, the pitfalls I've fallen into and the money I've lost could fill a mountain. In the end, I've summarized these 10 iron rules, each one is hard-earned knowledge gained through blood and tears. For those who sincerely want to stay in the crypto market for the long term, these must be engraved in your mind!
The first rule, strong coins focus on the 9-day pattern. Remember, those strong coins that usually rise sharply, if they drop for 9 consecutive days at a high position, don't hesitate, immediately pull out the tracking software, this may be an opportunity, missing it would be regrettable.
Rule 2: Reduce positions after two days of increase. Regardless of the coin, as long as it has risen for two consecutive days, regardless of whether it can rise further, first cut a portion of the position. Putting the profits you have made in your pocket is what counts as money; excessive greed may ultimately lead to nothing.
Rule 3: If there is a surge of over 7% in one day, continue to hold. If a coin suddenly surges more than 7% in one day, do not rush to sell; usually, there will still be opportunities to surge the next day, just keep observing. Rushing to act may lead to losing out on some profits.
Rule 4: Do not chase high prices of the big bull coins. The truly continuously rising big bull coins are never bought at high prices. You must wait for them to pull back to a suitable level and stabilize before getting on board, otherwise, chasing high prices can easily lead to being trapped, and it may take a long time to break free.
Rule 5: Don't waste time on boring sideways coins. If a coin has shown no significant movement for three consecutive days, like stagnant water, you can give it another three days to observe. If it is still immobile, do not hesitate, quickly switch to another target; wasting time on this is purely a waste.
Rule 6: If you can't get back your investment, just walk away. If the market on the second day does not even return the cost of the previous day, do not hold on to a lucky mindset, just exit directly. The longer you wait, the more you may lose; timely loss-cutting is the smart approach.
Rule 7: The '3-5-7 Law' of the rise rankings. If a coin rushes into the rise rankings and can stabilize until the third day, it is highly likely to hold until the fifth day; if it is still on the list on the fifth day, it often can be dragged all the way to the seventh day. Operating according to this rhythm is less likely to go wrong.
Rule 8: Trading volume is the soul. This point must be remembered: if the coin price is low and the trading volume suddenly expands and breaks through a critical position, it must be closely monitored, as this may be a signal to rise; however, if the price is high, and the trading volume is large but the price does not rise, do not hesitate, run immediately, as this is likely to drop.
Rule 9: Going with the trend is king. Never go against the trend; only trade coins that are in an upward trend. If the 3-day moving average turns upward, that’s a short-term opportunity for quick in-and-out; if the 30-day moving average is upward, it indicates a medium-term market, which can be held longer; if the 80-day moving average rises, a main upward wave is coming, and you can make big money; if the 120-day moving average strengthens, then it's definitely a long bull market, and holding on will yield great profits.
Rule 10: Small capital can also make a comeback. Don't think that having little capital means no opportunity; I've seen many people with just tens of thousands of yuan in capital, relying on the right methods, stable mindset, and strict execution of strategies, ultimately seizing big opportunities and multiplying their capital several times.
In fact, my method is simple: only trade positions with clear patterns, do not gamble on luck or operate blindly, and only act when you are sure. Based on these 10 iron rules, I achieved an eight-figure return in one year, and my win rate has stabilized at over 90% over five years.
In the cryptocurrency circle, it can be difficult or simple, the key is whether you can adhere to three points: do not be greedy, do not be anxious, and do not act chaotically. Greed can easily lead to being trapped, anxiety can easily cause missteps, and chaotic operations will directly cost you money. Remember these three points, plus those 10 iron rules, to stabilize your footing in the cryptocurrency market and have the chance to achieve the goal of making a living from trading coins.
If you find these iron rules useful, do you need me to break down any specific one (like 'volume analysis' or 'trend judgment') into more detailed operational steps for your practical application?
