#美SEC促进加密创新监管体系 Crypto market six survival rules: Crypto Veterans' blood and tears summary, a must-read for newcomers!

Having been in the crypto market for a few years, I've seen too many people become rich and then go back to zero. In summary, those who survive until the end adhere to these six iron rules.

Don't be a blind person with open eyes; your fundamentals must be solid.
Spend at least a week understanding how to read candlestick charts and what the trading rules are before entering the market. Those groups boasting about "insider information" and "hundredfold coins" should be avoided. The market doesn't believe in stories, only in serious gold and silver. After each operation, review: Why did I buy? Why did I sell? How can I improve next time? This is more effective than listening to ten "teachers" give lectures.

[Stable] Living is more important than getting rich quickly.
Play with money you can afford to lose, preferably spare money that you won't need for three months. $BTC and $ETH should make up the bulk of your holdings, altcoins? Cap it at 10%, treat it like a lottery ticket. I've seen too many people leverage and borrow money to go all in, and end up losing their houses. Remember: earning slowly is earning, losing quickly is real loss.

Don't put all your eggs in one basket.
70% in mainstream coins (like Bitcoin and Ethereum), 20% in reliable altcoins, and the remaining 10% kept for bottom fishing. A certain coin suddenly plummets? You only lose that portion of your position at most. This isn't conservative; it's the strategy of Crypto Veterans.

[忍] The itch to trade is a common ailment among retail investors.
When others are showing their profit charts, you have to resist the urge to chase. When the coin price is halved, you have to resist the urge to panic sell. Want to increase your position after a 30% rise? Hold on, wait for a pullback. The market is there every day, but if you lose your capital, it's gone. True Crypto Veterans might only make a move three to five times a year.

【Stop】Set the take profit and stop loss lines.
Made 20%-30%? Sell half to lock in profits, and set a trailing stop for the rest to play slowly. If you lose more than 5%? Cut losses and leave, don’t fantasize about "waiting a bit longer to break even." Countless people end up not wanting to cut losses, turning small losses into big ones, and big losses into liquidation.

[戒] Greed will eat away all profits
Don't get carried away when making money, and don't lose your head when losing money. Has a coin reached its target price? Withdraw decisively, don’t think "it can go up a bit more." Are you stuck? If you need to give up, then do it; there are plenty of opportunities in the market. I've seen too many people not sell after making a 50% profit, only to end up losing 30% and having to cut their losses.

These six rules are simple to say but difficult to execute. The market will always tempt you to break them, but as long as you adhere to these principles, you won't become the "leek" story of someone else.