Six iron rules have been deeply engraved in my bones. These six iron rules are contrary to the thinking of 90% of retail investors.
Iron Rule 1: Hot market, reduce positions
When the market is in a frenzy and most people are blinded by greed, going all in as prices soar, I choose to go against the tide and reduce my positions. In my opinion, the market is like a war; you need to save enough bullets to make a critical counterattack and emerge victorious in the end.
Rule Two: Say Goodbye to Insomnia from Watching the Market
Many people sit in front of the screen day and night, their eyes wide open like copper bells, fearing that they might miss even the slightest opportunity. But I know that real opportunities cannot be obtained just by staring at the screen. It's like fishing; you have to patiently wait for the signal that a fish is on the hook, rather than blindly rushing.
Rule Three: Secure profits by cashing out.
The numbers in the account are just an illusory bubble; only withdrawing money into your own pocket is true wealth. Many people are pleased when they see their account double, but they overlook the market's rapid changes. Only securing the profits is what makes a true winner.
Rule Four: No prediction, just follow.
Retail investors always like to foolishly guess the tops and bottoms of the market, trying to buy low and sell high. But I know well that the market is unpredictable. I only focus on the trends, like a small boat, moving along with the flow of the trend, and only by following the trend can one navigate smoothly through the market's waves.
Iron Law Five: Light Position Testing
Every trade feels like I'm a cautious explorer. I first test the depths of the market with a light position, and if the direction is correct, I gradually increase my stake; as soon as I identify a mistake, I immediately cut my losses without any delusions. Because I know that in the crypto space, delusion is the deadliest poison.
Rule Six: Better to miss out than to make a mistake.
Opportunities in the cryptocurrency space are like the countless stars in the night sky, seemingly endless. But we only have one account, like a small boat that can't withstand too many storms. Instead of blindly taking risks and making mistakes, it's better to patiently wait; it's okay to miss some opportunities as long as we ensure the safety of our account. Avoiding the trap of liquidation is the greatest progress.
Over the past eight years, I have witnessed too many ups and downs of people. Many around me have faced liquidation due to a wrong decision in the turbulent cryptocurrency market, ultimately leaving in disappointment and never returning. In this brutal market, very few can survive. In fact, the difference lies not in the level of technology, but in whether there is strict discipline.
So, stop dreaming about getting rich overnight by relying on insider information. The real secrets of the crypto world lie in these 6 iron rules. You should know that 90% of people have fallen on the wrong path, and only the remaining 10% are qualified to taste the true wealth benefits of a bull market.
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Six iron rules have been deeply engraved in my bones. These six iron rules are contrary to the thinking of 90% of retail investors.
Iron Rule 1: Hot market, reduce positions
When the market is in a frenzy and most people are blinded by greed, going all in as prices soar, I choose to go against the tide and reduce my positions. In my opinion, the market is like a war; you need to save enough bullets to make a critical counterattack and emerge victorious in the end.
Rule Two: Say Goodbye to Insomnia from Watching the Market
Many people sit in front of the screen day and night, their eyes wide open like copper bells, fearing that they might miss even the slightest opportunity. But I know that real opportunities cannot be obtained just by staring at the screen. It's like fishing; you have to patiently wait for the signal that a fish is on the hook, rather than blindly rushing.
Rule Three: Secure profits by cashing out.
The numbers in the account are just an illusory bubble; only withdrawing money into your own pocket is true wealth. Many people are pleased when they see their account double, but they overlook the market's rapid changes. Only securing the profits is what makes a true winner.
Rule Four: No prediction, just follow.
Retail investors always like to foolishly guess the tops and bottoms of the market, trying to buy low and sell high. But I know well that the market is unpredictable. I only focus on the trends, like a small boat, moving along with the flow of the trend, and only by following the trend can one navigate smoothly through the market's waves.
Iron Law Five: Light Position Testing
Every trade feels like I'm a cautious explorer. I first test the depths of the market with a light position, and if the direction is correct, I gradually increase my stake; as soon as I identify a mistake, I immediately cut my losses without any delusions. Because I know that in the crypto space, delusion is the deadliest poison.
Rule Six: Better to miss out than to make a mistake.
Opportunities in the cryptocurrency space are like the countless stars in the night sky, seemingly endless. But we only have one account, like a small boat that can't withstand too many storms. Instead of blindly taking risks and making mistakes, it's better to patiently wait; it's okay to miss some opportunities as long as we ensure the safety of our account. Avoiding the trap of liquidation is the greatest progress.
Over the past eight years, I have witnessed too many ups and downs of people. Many around me have faced liquidation due to a wrong decision in the turbulent cryptocurrency market, ultimately leaving in disappointment and never returning. In this brutal market, very few can survive. In fact, the difference lies not in the level of technology, but in whether there is strict discipline.
So, stop dreaming about getting rich overnight by relying on insider information. The real secrets of the crypto world lie in these 6 iron rules. You should know that 90% of people have fallen on the wrong path, and only the remaining 10% are qualified to taste the true wealth benefits of a bull market.