A few days ago, I spoke with a trader who said that when he got liquidated back in the day, he almost went to the rooftop. The people around him advised him to just work honestly. I asked him, isn't what you're doing now pretty good? He said that he was able to turn his 70,000 principal around in three years all thanks to these 5 iron rules of not entering a position.

Rule one: Do not Enter a Position unless it is a key support level; you must Enter a Position at the main support level during a trend retracement.

Rule two, do not enter a position without a breakout; high points need to be revisited, and low points need to be tested twice. It's just like with someone you like; you first need to confirm that they are genuinely interested in you.

Rule three: Don't act until you see the rabbit; if the signal hasn't appeared, don't make a move even if you have multiple hands.

Rule Four: If you cannot accurately find the stop-loss position for this order, or if the risk-reward ratio is less than 1:3, do not execute.

Rule Five: If a trade is optional, then don't make it, because missing out doesn't cost you money, but making a wrong move can be fatal.

To be honest, there are only two ways to survive in this industry: either develop a stable system on your own or find a true expert to guide you. If you insist that there is a third way, it would be the moment of enlightenment after losing 5 million. #BTC # Bitcoin