After trading cryptocurrencies for so many years, many people say that success in the market relies on luck. When opportunities arise, even a pig will go to the moon. This is indeed the case, but I don't feel that way at all. There isn't really such a good thing. You feel this way because you are not involved. When you truly participate, you will understand that nothing is that easy. Even if you are holding a certain coin at a low point now, it is very likely to multiply ten or twenty times in the future, but it is very difficult to hold on. The process has many unstable factors that will make you doubt yourself, make you want to give up and switch to something else, or external factors may make you want to give up. Therefore, all of this requires strong awareness and confidence. If you don't have that, don't expect to double your investment; just focus on doing it well.

After years of Cryptocurrency Trading, I have been able to persist until now. The following iron rules are what I have always adhered to.
Cryptocurrency Trading Iron Rule:

First, for those coins with complex situations that you cannot clearly see, do not rashly enter. Pick the soft persimmons; Cryptocurrency Trading is the same.

Second, do not invest all your money in a single coin at once, even if you are very optimistic about it, and even if it proves to be the right decision later. Because the market is extremely volatile, and no one knows what will happen tomorrow.

Third, if you accidentally buy a coin in a downtrend channel, be sure to sell quickly to avoid further losses.

Fourth, if the coin you bought has not lost value yet but has already entered a downward channel, you should quickly exit and observe.

Fifth, for coins that are not in an upward channel, it is advisable to pay less attention. No matter how it will turn out in the future, do not accompany the main players in building positions. Retail investors do not have the time to waste with them.

Sixth, don't fantasize about making money by constantly doing short trades, going in and out every day. Frequent trading may give you a thrill, but it will lead to significant losses, and the only one benefiting is the exchange. You won't have that high level of skill, and you are not the market maker. Don't buy too many coins, preferably not more than 10, as you don't have the energy to watch over them all. It's like wanting to marry five wives; even if you're in good shape, you can't satisfy all of them. The story of Wei Xiaobao only happens in novels.

Seventh, this coin is very cheap now, it has dropped a lot, that is not a reason for you to buy, it never is!!! It could become even cheaper!
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