If you want to treat crypto trading as a second source of income, want to get a piece of the action in the crypto circle, and are willing to spend time learning, then whether it's a bull market or a bear market, these 8 iron rules will be of great help to you.

1. A sharp drop is the touchstone for testing quality coins. If the market crashes but your coin only drops slightly, it clearly shows the market maker is supporting the price and refusing to let it fall. So you can hold such coins with confidence and will surely gain.
2. Once the main uptrend forms and there is no obvious volume expansion, decisively enter. Hold coins when volume rises with price, hold coins when volume shrinks but the trend is unbroken, and reduce positions when volume rises with price drop that breaks the trend.
3. If a short-term position has no movement within three days after buying, sell if you can. If it doesn't rise but falls after buying, stop loss unconditionally when losing 5%.
4. If a coin falls 50% from a high and has fallen for 8 consecutive days, it has entered the oversold channel. An oversold rebound is imminent, and you can follow in.
5. Embrace the trend, go with the flow. The buying price is not the lower the better, but the more appropriate the better. You won't gain an advantage by buying at a cheap price, because in a downtrend there is no bottom. Abandon junk coins, trend is king.
6. Don't let the blood of profit go to your head. Remember, the hardest thing in the world is how to continue to profit. Be sure to seriously review whether it was luck or skill. A stable trading system that suits you is the true way to sustained profitability.
7. Don't trade for the sake of trading. What does that mean? When you don't have enough confidence that this trade will make a profit, don't force yourself to open a position. Staying empty is a skill. Those who can buy are apprentices, those who can sell are masters, and those who can stay empty are ancestors. The first consideration in trading is not profit, but capital preservation. Trading is not about frequency but about success rate!
8. In fact, in the speculative market, improvisation is the worst approach. Use your own fixed trading system, and use the trading system to handle all situations with unchanging principles. It's not that I'm afraid you'll use ten thousand methods, but that I'm afraid you'll use one method ten thousand times. No movement is the best defense. Often, you make the most mistakes when you are most unwilling to let go. Take time to ponder this!
Follow Brother Su, no boasting, no empty promises, only sharing practical experience that can help you survive in the crypto circle. If you are still repeatedly losing and restarting, come talk to me, I will teach you to make trading simple.
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