If you really plan to rely on trading cryptocurrencies for a living, these 8 rules are your "lifesaver."
This is not just motivational talk; it's what I learned in the market over 10 years, gained through countless mistakes.
Rule 1: Analyze from three dimensions, not just one K-line.
Look at the daily chart for direction, the 30-minute chart for rhythm, and the overall market for the environment.
Those who only focus on the daily chart will always miss the big surge the next day.
Rule 2: Don’t act if the trend is wrong.
If the direction is wrong, no amount of effort will help you row upstream.
When order is disrupted, the market becomes useless.
Rule 3: Do only hot stocks in short-term trading, not obscure ones.
Hotness means liquidity, obscurity means pitfalls.
If you’re doing short-term trading without catching the hot trends, you’re doing it wrong.
Rule 4: Eliminate impulse; just execute the plan.
Those who want to trade immediately or get fidgety and place orders—end up failing along the way.
The market rewards execution, not passion.
Rule 5: Don’t blindly trust anyone’s opinion, including mine.
Others’ judgments are references,
Your own thinking is the real weapon.
Rule 6: Set the direction first, then choose the coins.
If you choose the right direction, you can make money with any coin;
If the direction is wrong, even picking the best coin will be in vain.
Rule 7: Don’t try to catch the bottom; trade during the upward trend.
All those who love to catch the bottom,
Eventually become "those at the bottom."
Prices always move towards the side with less resistance,
Going with the trend means choosing the right direction.
Rule 8: After making a big profit or a big loss, you must stop trading.
Stop to review, stop to calm down.
"Winning too smoothly" and "losing too harshly" are both poisons.
This rule has helped me avoid too many disasters.
These 8 ironclad rules are not flashy or mysterious, but they can save lives.
The cryptocurrency world is not about who is smarter, but who can stay alive the longest.
Most people fail due to emotions; I’ve survived until now by following rules.
If you want to walk a stable path, treat these eight rules as a ritual before the market opens each day.
Over time, you will find that the market suddenly becomes "obedient."
