$pippin The cryptocurrency market is a battlefield and also an ATM.
Some people experience total liquidation, while others steadily double their investments; the difference lies not in talent, but in methodology.
With twelve years of experience, I have summarized seven iron rules to share with friends who truly want to go far:
1. When the situation is unclear, it’s better to stay out of the market.
When market signals are chaotic, the biggest fear is not missing out, but making random trades.
Missing out on 10 opportunities is okay, but missing a significant opportunity just once could ruin your entire account.
2. Hot coins require quick entry and exit.
Hot coins come and go like fireworks.
Set profit and stop-loss limits before entering, and withdraw immediately when the heat fades; do not play the role of the last buyer.
3. In a big market trend, holding on is a true skill.
When there is a substantial breakout, don’t be frightened by small fluctuations.
Profits in a big market trend are not earned through frequent trading, but through patience and stability to capture the entire wave of profit.
4. When you see a large bullish candle, harvest immediately.
Whether at a high or low position, be cautious of the main forces possibly offloading when you see a large bullish candle.
Remember: securing profits is always a good strategy.
5. Moving averages are retail investors' trump cards.
Don’t be blinded by complex indicators; simple moving averages are enough.
Use golden crosses to buy and death crosses to sell, making discipline your trading guide.
6. Go with the trend and act against human nature.
When the trend is clear, don’t rush to sell;
When the price is at a bottom, dare to accumulate in batches.
Most people fail due to chasing rises and selling on dips.
7. Build positions in batches, don’t go all in.
Going all in at once may lead to losses ten times.
Building positions in batches not only reduces risk but also captures more opportunities.
The survival rules in the cryptocurrency market are actually quite simple: methodology is the weapon, and mindset is the armor.
Those who can refine these two aspects to perfection can survive long-term in this market.
If you want to know how to improve your trading methods and earn steadily, don’t forget to follow me, and let’s walk together towards financial freedom.
