🔥 8 Blood and Tears Rules: A Guide for Newbies to Avoid Pitfalls in the Crypto World, Understand to Lose 90% Less! 🔥$NOM $LPT
Do you always feel like: every time you chase a price increase, you get stuck at the peak, and every time you try to buy the dip, you get buried halfway down? Staying up late every day to watch the market, mentally exhausted, but your account keeps getting thinner?
As an old trader who crawled out of the pit, I have exchanged real money for these 8 life-saving rules. Like and save this, be cautious next time you feel itchy!
1. Small accumulations are the most reliable: Don’t always think about going all in to recover losses; small regular investments and steadily accumulating returns can lead to considerable wealth over the long term, while myths of high profits are mostly traps.
2. Learn to bear losses before discussing profits: No one can earn without losses; new traders should focus not on seizing the upward limit but on managing their mindset during losses—calmly stopping losses and exiting is a greater skill than stubbornly holding until liquidation.
3. Patience is the key to profit: Market fluctuations are normal; most people who chase volatility end up as fodder, maintaining a stable mindset until the trend clarifies is 10 times more reliable than frequent trading.
4. Hands-on operation is true skill: Listening to 10 experts share their insights is not as valuable as trying with your own small funds once. The rhythm of the market and the logic of price movements can only be truly understood through personal experience.
5. Emotions are the biggest enemy: Before building a position, ask yourself, "Is it greed or rational judgment?" "Am I cutting losses because of fear?" Controlling greed and fear gives you half the victory.
6. Stick to your own lines when buying and selling: Set your buy and sell prices in advance, execute at the set time, and never chase highs or buy dips due to the tempting thought of “a little more up” or “a little more down,” maintain discipline to avoid losses.
7. Steady progress leads to longevity: Don’t envy others for doubling their investments in the short term; those who can survive in the crypto world are all cautious, risk-managing individuals; preserving your principal is necessary for profit potential.
8. Stop when confused: When you can’t understand the market or can’t find direction, it’s better to stay in cash and observe rather than act blindly; calm down, review, and then make decisions, as this is much less likely to incur losses than chaotic trading.
The crypto world does not create wealth; it only transfers wealth. Until you establish your own cognitive system and trading discipline, every penny you earn could potentially be lost back due to lack of skill.
