Those who have stumbled and lost real money in the crypto world understand: money earned by luck will eventually be lost by chance!

Only by adhering to the iron rules can one steadily profit or even double their earnings.

These 8 rules are my practical insights gained from stepping into pitfalls and finally making a profit. Newbies can follow these to avoid most traps and establish themselves in the crypto world.

First rule: Set the direction in the morning, dare to buy on a sharp drop, and take profits quickly on a sharp rise.

The first 30 minutes of the morning session are a critical period for the market. Don't be swayed by fluctuations; focus on the signals and act decisively. Don't foolishly chase after price rises or panic sell.

Article 2: Don't chase after surges, patiently wait for opportunities.

Don't panic during the deep drop in the afternoon, choose the right opportunity to buy the next day. Don't be greedy if you miss the early surge, chasing high prices can easily lead to being trapped.

After a sharp decline, entering the market in batches often allows one to catch a wave of rebound.

Article 3: Don't panic sell during morning dips, it's better to wait quietly during sideways markets.

Don't panic and stop loss during the slight decline in the morning session. Avoid frequent trading and depleting your capital when there are no clear signals during sideways movement.

Article 4: Don't sell until the target price is reached, don't buy until the psychological level is reached, and don't trade during sideways chaos.

Set buy and sell points in advance and strictly execute them. During sideways markets, market signals are ambiguous, and entering the market randomly will only increase risks.

Article 5: A bearish candlestick pullback is a buying point, while a bullish candlestick surge is a selling point.

Follow the trend, buy on dips during retracements, and take profits when prices rise. Don't go against the market trends to secure stable profits.

Article 6: When others are enthusiastic, I remain calm; when the market is in panic, I am greedy.

Don't follow the trend when the market is hot, as it's easy to get stuck with the bags.

When everyone is panic selling, boldly position yourself on quality targets.

Article 7: Patience is required during high and low consolidations; take action only when the direction is clear.

During the consolidation period, wait patiently. It's more important to enter the market after the breakout signal is clear than to operate frequently.

Article 8: A prolonged surge is the finale; take profits in a timely manner to lock in gains.

After a long period of sideways movement, a sudden surge often indicates the end of the market trend. Don't think about making the last coin; securing profits is the safer option.

The crypto world is not afraid of new hands with poor skills, but is afraid of a chaotic mindset and hasty operations.

Follow these 8 iron rules, make steady progress, and profits will naturally come.

It's hard to survive in this market alone. The pitfalls I've encountered and the experiences I've summarized are meant to help you take fewer detours; it all depends on whether you're willing to follow the path.