On the third day of the injection, I suffered from the old illness and couldn't sleep all night. It's probably the same as the current market situation, I need to train my mind. Don't always stare at the market on weekends. Go out and have some fun. Take a walk.
Top 10 rules for survival in the crypto world, let's encourage each other.
1. Don't be easily deceived by low-priced chips. Stay firm and prevent the dealer from colluding to dump prices.
2. Chasing rising prices and selling with bearish market are always taboo. The overall trend is favorable. Buying in batches on dips is lower in risk, lower in cost, and higher in profit than chasing rising prices.
3. Reasonably allocate profits, maximize the release of funds, instead of constantly increasing the position and depositing funds
4. Buy when the price rises sharply and hold the currency when the price falls sharply. Keep a positive mindset at all times, avoid speculation, impatience, greed, and fear, and don't engage in unprepared battles.
5. The early ambush or private placement of low-priced coins relies on experience and speculation about the future of the coin. The game in the secondary market is driven by technical and news factors, following the manipulators. Do not reverse priorities, or else it will end in a mess.
6、Build a Position, dump, must be layered and segmented, gradually widen the price levels, effectively control the ratio points of risk and profit;
7. Familiarize yourself with the interlinkage effect. When trading coins, pay attention to the market trends and keep an eye on the movements of other coins. Each coin is not an isolated existence in the overall trading market. They seem unrelated, but in fact, they are intricately linked, and the interlinkage effect requires a deep understanding of the coins.
8. Reasonable allocation of positions, the allocation of hot coins and value coins should be reasonable, pay attention to the proportion of resistance ability and profit intake, being too conservative may miss opportunities, while being too aggressive may face high risks! The biggest characteristic of value coins is stability, while the biggest feature of hot coins is extreme volatility, which may skyrocket or plummet at any moment.
9. Having coins on the market, money in the account, and cash in the pocket is the safest and most reassuring standard configuration. You cannot go all-in, or you will die for sure. Proper risk control and reasonable fund allocation are the keys to determining your mentality and success. Investing spare money is the foundation.
10. Master the basic operations, learn to make analogies, grasp the basic trading ideas, observation is a prerequisite, remember the highs and lows of each time as reference data, learn to record, learn to summarize materials on your own, cultivate reading habits, and develop the ability to filter information.