After staying in the crypto world for a long time, you will discover a heartbreaking truth:
You may have seen people leaving with a smile, but there are more who silently lose everything and leave in a sorry state.
Only those who have truly lost real money, who can’t sleep at night, and who watch their accounts shrink helplessly will understand one thing: money earned by luck will eventually be lost by skill.
Only those who have endured the early morning hours, watching their accounts shrink while feeling powerless will understand that saying—money earned by luck will eventually be repaid with skill.
In this hellish arena, if you want to survive, first hold on to these 8 rules:
1. The first half-hour sets the tone for the whole day. Dare to act on sharp declines and be willing to let go on sharp rises; even a second of delay can lead to passivity.
2. Don’t chase after surges, don’t panic during deep declines. Early morning rallies are usually to attract buyers, while afternoon sell-offs are the real washout; opportunities often come the next day.
3. Don’t rush to cut losses on small drops in the morning; if it’s sideways, hold your hands. Frequent trading is not a strategy; it’s the fastest way to lose money.
4. Don’t act without seeing signals and don’t act until positions are clear. Bet less during consolidation to last longer.
5. Be brave with bearish lines and be willing to sell bullish lines. Going with human nature is destined to lead to repeated slaps in the face.
6. Stay calm when others are enthusiastic, stay clear-headed when others are panicking. The one standing guard at the peak is always the last to rush in.
7. Learn to wait during consolidation; follow only when the direction is clear. Only by enduring loneliness can one ride the main upward wave.
8. Don't be greedy for the last bite when there’s a sudden rise after a long period of sideways movement. Profit taken is what counts as yours.
The crypto world is not a casino; it’s a test against human nature.
Keep the rules, maintain composure, and money will naturally find you.
If you don’t have insider information, and no one can negotiate with you, why not join Brother Lai's team, endure the storms together, and watch the clear skies together.