Eight years in the cryptocurrency world, I exchanged a million in losses for these 8 iron rules

—— Dedicated to those who no longer want to be a pawn

Have you also experienced:

· Every time you chase a rise, do you end up standing on the mountaintop as a lookout?

· Every time you try to catch a bottom, do you find yourself halfway up the mountain?

· Staying up late to watch the market, exhausted, yet your account keeps shrinking?

I was once that pawn who 'buys and falls, sells and rises.' It wasn't until I lost a seven-figure amount that I truly understood these principles. Today I share them with you; understanding one means losing less; executing all eight helps you navigate through bull and bear markets.

1. Small accumulations are the most reliable: Don't always think about going all in to recoup losses; investing small amounts steadily can lead to considerable wealth over time, while myths of huge profits are mostly traps.

2. Learn to endure losses before discussing profits: No one can only earn without losing; what beginners should practice is not seizing rising limits, but managing their mindset during losses—stopping losses calmly is a greater skill than stubbornly holding until liquidation.

3. Patience is the key to profit: Market fluctuations are the norm; those who chase volatility and act recklessly often become pawns. Maintaining a stable mindset while waiting for trends to clarify is ten times more reliable than frequent trading.

4. Hands-on experience is true skill: Listening to 10 experts share their insights is not as valuable as trying out a small investment yourself. The rhythm of the market and the logic of price movements can only be fully understood through personal experience.

5. Emotions are the biggest enemy: Before entering a position, ask yourself, "Is it greed or rational judgment?" "Am I cutting losses out of fear?" Controlling greed and fear means you've already won half the battle.

6. Stick to your lines for buying and selling: Set your buy and sell prices in advance, and execute them at the right moment; never chase highs or catch lows due to the temptation of 'a bit more rise' or 'a bit more drop.' Keeping to discipline prevents losses.

7. Steady and sure wins in the long run: Don't envy others for doubling their investments in the short term; those who truly survive in the cryptocurrency world are the ones who proceed cautiously and manage risks well. Preserving capital is essential for the possibility of profits.

8. Stop when feeling confused: When you can't understand the market or pinpoint the direction, it's better to stay out and observe than to act blindly. Calmly reviewing after stepping back is far more effective than haphazard actions.

The cryptocurrency world does not create wealth; it only transfers wealth.

Until you establish your own trading system, the money you earn by luck will eventually be lost through lack of skill.

Find a mentor, navigate bull and bear markets with understanding, and achieve steady profits through a solid system.