In the cryptocurrency world, I learned three things

After spending a long time in the cryptocurrency world, you will discover a truth: those who make money are not the smartest, but those who can control themselves. $BTC

It took me six years to learn these three things.

First: Diversification

When I first entered the market, I always wanted to go all in. Once I saw an opportunity, I couldn't wait to bet all my money on it. What happened? After a pullback, my mindset collapsed; after a stop loss, my principal was gone. Later I understood that being fully invested is not bravery; it’s cornering yourself.

Now I only use 10% of my capital each time. I don’t panic when it drops, and I don’t get greedy when it rises. Surviving is more important than anything else.

Second: Wait

I used to think that if I didn’t make a move, I wouldn’t make any money. If I didn’t open a position in a day, I felt uncomfortable. Later I discovered that those truly big opportunities are not chased; they are waited for. The market is in a consolidation phase 80% of the time, and if you’re constantly messing around, you’re just working for the exchange.

Now I have learned to stay out of the market. When I don’t understand, I just sit and watch. Once the trend becomes clear, I enter the market. Missing out is not regrettable; making a mistake is what’s regrettable. $ETH

Third: Follow the rules

This is the hardest part. Clearly setting a stop loss but being reluctant to cut losses; clearly deciding not to chase high, yet jumping in as soon as the market pulls back. The gap between knowing and doing is filled with emotions.

Later, I set a strict rule for myself: before placing an order, I first drink a glass of water. After drinking, I ask myself again—Is this trade what you want to do, or what you should do? Just the time of this glass of water has saved me countless times.

These three things sound simple, but it’s very hard to implement. But as long as you can do it, you will be able to survive in this market longer than others.

And those who survive longer are the final winners. $BNB

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