First, don’t go all in: Did you know that most of the toilet paper is not used for wiping? Similarly, in the cryptocurrency world, most of the time is spent waiting for opportunities, not buying and selling randomly. Don’t always think about going all in, you need to learn to wait patiently, don’t be so anxious.
Second, stop-profit and stop-loss should be set: when you are making a profit, don't forget to stop, don't be greedy and end up with nothing. Stop-loss does not really make you lose money, but it makes you lose less and makes the use of funds more efficient. Only by learning to sell can you really make a profit.
Third, don’t jump on the bandwagon: If you hear that someone else is making a lot of money by buying something, don’t rush to follow suit. By the time you hear about it, the good opportunity has already disappeared, and you may become the one who takes over. You need to have your own opinions and don’t let others lead you astray.
Fourth, don’t be superstitious about a certain coin: Don’t think that a certain coin is like a god. Leave it after making a profit. Don’t fight to the end. Wait for the next good opportunity. Don’t always think about flying higher. Think about how to land safely first. The cryptocurrency circle is not about speed, but about who can survive for a long time.
Fifth, believe in the magic of compound interest: Don't always think about getting rich suddenly, that is almost impossible. Learn to accumulate gradually, like a snowball. Don't bet all at the beginning, it is most important to keep the principal. In the cryptocurrency circle, don't push yourself to the edge, it is always good to leave a way out. It is better to be cautious when investing.
