What do people who can survive in the crypto world rely on? It's not luck, and certainly not talent—it's rules.
With seven years of trading experience, I have summarized 8 ironclad rules. Newcomers lose because they rely on feelings; veterans profit because they have a system.
**Rule 1: Don’t trade without checking the overall market.** Daily charts give the direction, 30-minute charts determine entry points. Going with the trend on a larger timeframe and being cautious on smaller ones—that’s basic skill.
**Rule 2: Wait and see if the trend is aligned.** This isn’t conservatism; it’s cost-optimized trading. Many get caught because they try to catch the bottom.
**Rule 3: Stay away from hot market trends.** Short-term trading is about following the main capital flow; where the money goes, the opportunity follows.
**Rule 4: Stick to your trading plan and don’t change it.** Emotions are the biggest killers of positions. Follow your original plan.
**Rule 5: Trust only your own judgment.** All other opinions are just others’; your analysis is the true compass.
**Rule 6: Confirm the trend first, then choose the coin.** If the trend is correct, any coin has potential. Conversely, if the trend is wrong, even the best project is useless.
**Rule 7: Enter during an upward structure.** Guessing the bottom is like giving away money. Follow the trend—that’s the safest approach.
**Rule 8: Stop trading after large fluctuations.** During big gains or losses, emotions distort your judgment. Take a day off, wait until you’re calm before re-entering.
System + discipline + execution—these three are indispensable. Incorporate these 8 rules into your trading habits, and your losses will decrease by more than half. This isn’t just skill; it’s a way of survival.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
liquidation_surfer
· 17h ago
What is being said is that discipline really works much better than technical indicators. I've suffered too many losses from emotional trading.
---
The fourth point hit me hard. How many times have I blown up my account just because I couldn't resist changing my plan? Now I always write a trading journal before taking action.
---
I'm still prone to falling into traps when it comes to hot spots. I always think I can catch up with the main players' rhythm, but in the end, I'm just the bag holder every time.
---
The hardest rule to follow is stopping. When I make money, I get excited and want to go for another round; when I lose, I want to recover my losses. Emotional management is truly crucial.
---
Rules are just rules, but after reading so many "8 iron laws," only a few can truly stick to them. I often contradict myself as well.
---
The first two rules sound simple, but those who can make daily decision-making within 30 minutes have long achieved financial freedom.
---
The era of relying on gut feelings is over. Now, without a system, you’re doomed. I agree with this, but building a system is the real challenge.
View OriginalReply0
WagmiWarrior
· 17h ago
That's correct, but to be honest, I still often make the mistake of item four.
View OriginalReply0
rekt_but_resilient
· 17h ago
Discipline is easy to talk about, but when it comes to actually implementing it... Well, I'm the kind of person who just laughs after reading it and then forgets everything immediately.
What do people who can survive in the crypto world rely on? It's not luck, and certainly not talent—it's rules.
With seven years of trading experience, I have summarized 8 ironclad rules. Newcomers lose because they rely on feelings; veterans profit because they have a system.
**Rule 1: Don’t trade without checking the overall market.** Daily charts give the direction, 30-minute charts determine entry points. Going with the trend on a larger timeframe and being cautious on smaller ones—that’s basic skill.
**Rule 2: Wait and see if the trend is aligned.** This isn’t conservatism; it’s cost-optimized trading. Many get caught because they try to catch the bottom.
**Rule 3: Stay away from hot market trends.** Short-term trading is about following the main capital flow; where the money goes, the opportunity follows.
**Rule 4: Stick to your trading plan and don’t change it.** Emotions are the biggest killers of positions. Follow your original plan.
**Rule 5: Trust only your own judgment.** All other opinions are just others’; your analysis is the true compass.
**Rule 6: Confirm the trend first, then choose the coin.** If the trend is correct, any coin has potential. Conversely, if the trend is wrong, even the best project is useless.
**Rule 7: Enter during an upward structure.** Guessing the bottom is like giving away money. Follow the trend—that’s the safest approach.
**Rule 8: Stop trading after large fluctuations.** During big gains or losses, emotions distort your judgment. Take a day off, wait until you’re calm before re-entering.
System + discipline + execution—these three are indispensable. Incorporate these 8 rules into your trading habits, and your losses will decrease by more than half. This isn’t just skill; it’s a way of survival.