9 Essential Rules to Start Your Journey to Becoming a Millionaire in the Crypto World 1. Invest Spare Money, Avoid Borrowing: When diving into the Crypto Assets field, it is crucial to adhere to the principle of only using spare money for investments. Absolutely avoid borrowing money or taking out loans for Cryptocurrency Trading, as this can exponentially increase risks, and a slight misstep could lead to financial ruin.

2. Carefully select valuable coins and plan capital allocation: When choosing investment projects, use the "Sunny Investment Strategy" to conduct in-depth research and accurately identify potential "value coins." At the same time, combine your own financial situation and risk tolerance to develop a scientific and reasonable capital allocation plan to solidify the foundation for stable investment.
3. Gradually build positions to cope with price fluctuations: Market price fluctuations and pullbacks are indeed normal. Reasonably allocate funds, buy in batches gradually, and effectively smooth out costs through time and amount diversification, reducing the risk of facing significant price declines due to a one-time investment.
4. Diversified layout to reduce concentration risk: Never concentrate all funds on a single project; it is essential to spread funds across multiple high-quality projects. In this way, even if individual projects encounter issues, other projects can act as a buffer to prevent assets from suffering a devastating blow.
5. Stay closely informed to seize investment opportunities: Always keep an eye on crypto world news updates and the latest developments in finance and economics. Utilize professional information platforms, industry forums, and other channels to obtain key information as soon as possible. Only by having information ahead of others can you act quickly when investment opportunities arise and seize the initiative.
6. Follow market trends and do not go against the trend: Investing is never about opposing the market trends or the big players. Deeply research market movements, learn to follow the trend, actively seize opportunities in rising trends, and cautiously defend in downtrends to move steadily through market fluctuations.
7. Be cautious with contracts and manage leverage wisely: If you engage in contract trading, it is essential to strictly control the leverage ratio. It is recommended to keep the leverage ratio between 20 to 50 times, as 100 times high leverage carries significant risks, and even a slight mistake could lead to liquidation. Pursuing steady profits is essential for long-term survival in the contract market.
8. Strictly control positions and operate rationally: Position control is the key to investment success or failure. In situations where the market is unclear and uncertainty is high, do not operate blindly. Regularly review asset conditions and adjust positions in a timely manner based on market changes to ensure that assets are always under reasonable control.
9. Stay calm and clarify your entry and exit strategies: Maintain a calm and rational mindset throughout the investment process, and do not be swayed by emotions. Develop clear and specific entry and exit strategies in advance and strictly adhere to them. Through experience in the crypto world, continuously cultivate your mindset, as a good mindset is often more important than advanced operational skills.