First, do not hold onto positions, as the profits you bring back will eventually be given back to the market due to 'holding'.
Second, do not guess tops and bottoms, as profits made from guessing will eventually be given back to the market.
Third, do not guess tops and bottoms, as you might still be halfway up the mountain.
Fourth, do not rely on news, as that is also 'guessing' tops and bottoms.
Fifth, do not easily exit when in profit, as you might be running away halfway up the mountain.
Sixth, do not get excited by large bearish or bullish candles, as they might just be 'performances' put on by the major players for the retail investors.
Seventh, do not think that what you see in the market is the last wave of movement and rush in; as long as your capital is still in play, there will always be market movements.
Eighth, do not trade frequently, as it will not only make you lose sight of the big direction and increase the probability of making mistakes, but it will also increase trading costs, which is not worth it.
Ninth, do not take contrarian positions; if you are right, hold on tightly, if you are wrong, run quickly.
Tenth, do not buy just because prices are low, and do not sell just because prices are high; do not act rashly if the trend has not changed.
Eleventh, do not treat trading as a main job, and do not stare at the market; the time spent staring at the market is inversely proportional to profits.
Twelfth, do not easily trust others' opinions; in the end, you are the only one worth believing in.
Thirteenth, do not make big mistakes; missing an opportunity is not a big mistake, making a mistake and stopping loss is also not a big mistake; only holding onto positions with high leverage that leads to liquidation is a big mistake. No matter how many times you were right before, if you make one big mistake, all previous successes count as zero, and compounding will be halted.
Fourteenth, if you want to gain in the cryptocurrency space, you must stay away from people who consume your attention; the proportion of such people is higher among women, and those who chat aimlessly all day will only waste your time and energy, ultimately leading to nothing.
Fifteenth, if you do not have sufficient understanding, even if you follow others' trades, you cannot make money, as countless facts have proven, and the market changes too quickly to keep up with.
In any investment market, slow is fast, and fast is slow; do not look down on investors with an annual return of 20% in the cryptocurrency space, as those who do not achieve dozens of times returns each year are often looked down upon.
In fact, making money in the capital market is inherently difficult, and novices must be cautious of those high-profile traders; to make money in cryptocurrency, one must rely on continuous learning.