Make a living with coins? These 8 iron rules from ten years of practical experience, recommended for daily review.

Having been through the ups and downs of the coin world for 10 years, these 8 rules are my "amulet" that I must review before entering the market, helping me avoid deep pitfalls during multiple rounds of crashes. Today, I share them with friends who want to make a living by trading coins; perhaps they can help you take fewer detours:

1. Don't just focus on single coin candlesticks when entering the market: especially for short-term trading, it is essential to analyze the 30-minute candlesticks for details, and wait for the market to stabilize and form a resonance before taking action. Just like sometimes you see a candlestick with a long upper shadow and think there is no opportunity, the next day it may produce a strong bullish candlestick. By flipping to the 30-minute candlestick chart, you can uncover opportunity signals hidden in the short-term trend.
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2. If the trend and order are wrong, looking more will only lead to more mistakes: one must act in accordance with the trend, and the rhythm during the upward process must not be disrupted. Once the trend turns or the order becomes chaotic, even if the outlook seems good, one should not enter the market.
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3. Short-term trading should stay away from non-hotspots; it's better to be in cash: The core of short-term trading is to capture the heat. You should either choose the current hotspots or layout potential hotspots. Engaging in short-term operations that are detached from hotspots will significantly reduce the probability of profit.
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4. Completely abandon impulsive entry: First, make a trading plan, clarify the entry point and stop-loss level, and then execute according to the plan, never making temporary decisions due to market fluctuations or emotional highs.
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5. Other people's opinions are for reference only; making your own decisions is key: even the analysis of so-called "experts" can only serve as a reference. Ultimately, you must rely on your own careful consideration, combining the market conditions and logic to make judgments, and avoid blindly following trends.
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6. First determine the direction, then choose a coin: if the direction is correct, selecting the right track and target can yield twice the result with half the effort; if the direction judgment is wrong, even the best single coin will struggle against the pressure of the trend, resulting in only a fraction of the effort.
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7. Only intervene with coins that are on the rise, and don’t try to guess the bottom: It’s a big mistake to always think that the coin price will rebound and want to catch the bottom, as it is very likely to encounter ultimate liquidation. Stock prices always move towards the direction of least resistance, so choosing coins that are currently rising means choosing the path of least resistance.
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8. After a big profit or loss, you must clear your position and review: regardless of whether you have made a significant profit or loss, you should first stop and clear your position, clarify whether the logic of making money is sustainable and where the reasons for the loss lie. Only after understanding this can you re-enter the market—over the past decade, the accuracy of doing this has exceeded 90%.