Btc

Old leeks summarize ten iron rules with tears, following these can really reduce losses.

1. No matter when, protect your principal, there is no market worth betting everything on. If you lose your principal, no matter how good the market is later, it has nothing to do with you.

2. Control your capital investment, never borrow money to trade cryptocurrencies, and do not let trading affect your life.

3. If you are doing short-term trading, then only look at market sentiment, do not look at complicated indicators. The so-called themes are about storytelling; it’s a competition of whose story is more promising and who has the bigger pie.

4. Do not overly rely on technical indicators; all indicators have lagging effects, and the main force can create them.

5. Themes need to be combined with technical aspects; the two should complement each other. An upward movement without good news is the biggest good news; once good news is realized, that is the time to sell.

6. When trading cryptocurrencies, be sure to diversify your positions; the market never lacks opportunities, and being fully invested is very passive.

7. Trading cryptocurrencies is against human nature; when most retail investors are optimistic, it is basically the end of the market trend.

8. Learn to wait; a qualified trader must learn to control their hands and not trade just for the sake of trading.

9. The essence of trading is to make money; you must wait for your buying point to appear before trading, waiting is also a part of it.

10. The formation of trends does not happen in one or two days, nor can it be changed in one or two days; you must go with the trend.