Six Years in Crypto: Ten Practical Tips

No stories, just practical advice.
1. Capital is life. Losing 50% requires earning 100% to break even. Protecting capital is ten thousand times more important than chasing profits.
2. Being able to hold cash is a skill. When you're unsure, just hold your USDT and don't move. People who can't hold cash will never make money. $BTC
3. Stop losses must be quick. Set your stop loss the moment you enter. By the time you want to cut, you'll no longer have the nerve to do it.
4. Don't hold losing positions. The ten times you hold them back aren't worth one liquidation. Holding positions is the beginning of losses, not the end.
5. Position size determines mindset. When your position is too large, even good technique is useless. One small fluctuation and you panic, one panic and you make bad trades.
6. Don't look at small timeframes too much. Looking at five-minute charts too often drives people crazy. Only trade trends on four-hour and daily timeframes; noise is cut in half. $ETH
7. Don't fear missing out. Missing out doesn't lose money, chasing highs does. There are always opportunities in the market, but once your capital is gone, it's really gone.
8. Don't believe rumors. Every piece of good news or bad news you see is meant for you to see. By the time real useful information reaches your ears, it's already too late.
9. Review yourself. Write down every day why you opened positions and why you closed them. One month later, you'll see you're making the same mistakes repeatedly.
10. Survival is most important. Everyone in this market who survived long enough made money. Those in a rush to get rich quick basically all got wrecked. $BNB
That's it. If you can do three of these, you'll survive. If you can do five, you'll make money. I haven't met anyone who can do all of them.