After nine years in the circle, from selling and renting houses to borrowing funds and making millions, I've summarized 10 iron rules of the cryptocurrency world to help you surpass 90% of the retail investors:
1. When the market crashes and a certain coin remains strong, there must be institutional support, hold on tight, the future is promising!|
2. For novice traders, keep an eye on the macro: for short-term, look at the 15-minute and daily charts; hold online, exit on a break; for medium-term, focus on the daily chart, keep operations simple, don’t be misled by complex indicators.
3. If a short-term coin has been stagnant for three days, switch it out; if it drops right after buying, cut losses at 5%, don’t drag your feet.
4. If the coin price has halved from the high and has fallen for nine consecutive days, the decline is over, a rebound is imminent, this is the right time to enter the market.
5. Chase the leaders, they rise sharply and resist falling. Don’t fear high prices, don’t catch falling knives, chasing the leader means chasing rises and cutting losses.
6. A bottom-fishing mentality is not advisable, as declines have no bottom limit. Cut losses when needed, the trend is king, timing is more important than price.
7. After making a profit, don’t get carried away; reflect on whether it was skill or luck. Continuous profit requires strategic support for steady progress.
8. When uncertain, prioritize capital preservation, don’t try to be a gambling god. Trading is about success rates and profit-loss ratios, not speed.
9. In the early stage of a new coin, funds may flow in and the price may rise, but if sentiment changes, those without fundamental support will drop quickly.
10. The value in the cryptocurrency world comes from consensus; many hands make light work. Consensus drives projects and shares the wealth feast. The ups and downs of the cryptocurrency world reflect life experiences!




