Want to achieve financial freedom through trading cryptocurrencies? Then you need to engrain these 8 principles into your mind.
My 6 years of experience in the crypto world tell me that the difference between going from frequent liquidations to finally stabilizing at 960,000 is whether you have a reliable trading system. Being able to walk away unscathed during major dips is precisely because you review these rules before entering the market.
**8 Iron Rules of Trading:**
1. Short-term analysis isn't just about the daily chart; combine it with the 30-minute timeframe. Only act when small cycles resonate. 2. If the trend is wrong, don’t force it. When the rhythm is disrupted, you’ll only lose more. 3. Short-term trades should follow hot or potential hot spots. Illiquid obscure coins have no chance. 4. Control impulses and strictly follow your plan. Most unplanned trades are driven by emotions. 5. Others’ opinions are only for reference; ultimately, rely on your own judgment. 6. Confirm the direction first, then choose the coin. If the direction is wrong, all efforts are in vain. 7. Buy coins in an uptrend. Don’t try to catch the bottom; trading with the trend is more effortless and has a higher success rate—especially for mainstream coins like SOL and BTC. 8. After making big gains or big losses, must go to cash and stay calm. Reorganize your mindset before re-entering, which can improve your accuracy rate by 90%.
From trading based on intuition to establishing a system, this transition was crucial for me. The purpose of a system is to provide specific rules for entry and exit, as well as a logical framework for risk management. The market isn’t short of opportunities; what’s lacking are those who can stick to discipline long-term. Stop-loss is sometimes more important than chasing highs—this sounds simple, but few actually do it.
In the cycle of bull and bear markets, those who survive are often not the best at reading charts, but the ones who control risk best and can execute discipline. Instead of scrambling at the last minute, it’s better to turn these principles into habits starting now.
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LiquidationOracle
· 01-05 07:52
That's right, but I think the hardest part isn't understanding these principles, it's actually executing them. I used to lose because of emotions—seeing a dip, I wanted to buy the dip, but the more I bought, the deeper I went. Now I strictly follow the rules, and I actually make more stable profits.
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FOMOSapien
· 01-03 16:10
Sounds good, but how many people actually cut losses? I have a friend who talks about discipline every day, but when a hot topic comes up, he still goes all-in. Now he's still asking me how to get out of the position.
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FOMOSapien
· 01-03 10:53
That's right, discipline is truly the only way to survive. I've also suffered too many emotional losses myself.
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BlockchainRetirementHome
· 01-03 10:50
960,000 sounds like a lot, but can this thing really earn steadily? I think most people are still gambling.
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GateUser-75ee51e7
· 01-03 10:30
That's right, discipline really matters much more than luck.
Want to achieve financial freedom through trading cryptocurrencies? Then you need to engrain these 8 principles into your mind.
My 6 years of experience in the crypto world tell me that the difference between going from frequent liquidations to finally stabilizing at 960,000 is whether you have a reliable trading system. Being able to walk away unscathed during major dips is precisely because you review these rules before entering the market.
**8 Iron Rules of Trading:**
1. Short-term analysis isn't just about the daily chart; combine it with the 30-minute timeframe. Only act when small cycles resonate.
2. If the trend is wrong, don’t force it. When the rhythm is disrupted, you’ll only lose more.
3. Short-term trades should follow hot or potential hot spots. Illiquid obscure coins have no chance.
4. Control impulses and strictly follow your plan. Most unplanned trades are driven by emotions.
5. Others’ opinions are only for reference; ultimately, rely on your own judgment.
6. Confirm the direction first, then choose the coin. If the direction is wrong, all efforts are in vain.
7. Buy coins in an uptrend. Don’t try to catch the bottom; trading with the trend is more effortless and has a higher success rate—especially for mainstream coins like SOL and BTC.
8. After making big gains or big losses, must go to cash and stay calm. Reorganize your mindset before re-entering, which can improve your accuracy rate by 90%.
From trading based on intuition to establishing a system, this transition was crucial for me. The purpose of a system is to provide specific rules for entry and exit, as well as a logical framework for risk management. The market isn’t short of opportunities; what’s lacking are those who can stick to discipline long-term. Stop-loss is sometimes more important than chasing highs—this sounds simple, but few actually do it.
In the cycle of bull and bear markets, those who survive are often not the best at reading charts, but the ones who control risk best and can execute discipline. Instead of scrambling at the last minute, it’s better to turn these principles into habits starting now.