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How a Crypto Trader Turned $8,000 into $3 Million: 15 Golden Rules Revealed by Twitter User @nobranflip

Twitter user under the nickname @nobranflip it became the center of attention of the crypto community: the trader says he managed to turn a measly $8,000 into a staggering $3 million.

According to the crypto trader, the secret to success lies in fifteen golden rules, to which he adheres strictly.

How a crypto trader earned $3 million

Online Friday Bitcoin past the fourth man half. Historically, most crypto assets have seen significant growth after this event.

“If we look at the bull markets of 2016 and 2020, we can see that most of the growth happened in the post-half period. This is the last chance to enter the market,” writing @nobranflip.

The trader makes sure that understanding market cycles and applying several rules helps to make reasonable profits, while avoiding the fear of missed opportunities.

Here are the 15 rules:

  1. Take a profit. The trader emphasizes the importance of taking profit in good time and advises him to take at least part of it out of transactions to stable or fiat.
  2. Don’t scatter your attention. @nobrainflip ensuring that focusing on a few projects is a much better strategy than trying to keep up with market trends indiscriminately.
  3. Music for stories. Early participation in transition narratives such as artificial intelligence (AI) or real-world assets (RWA), usually gives the best results.
  4. Skepticism is the key to success. Independent verification of any information should be a practice for crypto traders.
  5. Reduce tools. @nobrainflip uses no more than five major tools such as Etherscan and DeFiLama. This approach makes trading efficient and simple.
  6. Expand your sources of information. The trader advises not to limit yourself to Twitter alone, but to use platforms such as Discord and YouTube. Such diversification can greatly expand trading opportunities.
  7. Get the basics right. Basic knowledge is essential. It is dangerous and uncertain to start trading cryptocurrencies without understanding the basics.
  8. Manage risks. Risk management is critical, especially during bull markets. The right strategies can pave the way to sustainable success.
  9. Use a stop loss. Stop the loss and recording losses is necessary to ensure that minor failures do not turn into major ones.
  10. Keep a trading journal. This healthy habit will help you track your progress and improve your strategies.
  11. Don’t avoid too many problems in bull markets. According to @nobrainflip, during bull markets, growth is driven more by hype than logic. Understanding this can help you avoid making wrong decisions.
  12. Stable security query. A trader warns that a stable is not always as secure as it seems, citing the collapse of TerraUSD.
  13. Focus on portfolio size. Focusing on a few areas can make a small investment grow quickly, while broad diversification is better suited to support larger portfolios.
  14. Consider profits and losses as a percentage of the investment. This approach helps maintain emotional control and clarity in decision-making.
  15. Be persistent. Finally, @nobrainflip emphasizes the importance of sustainability. The current market offers many opportunities for those who are willing to work hard.

By following these rules, @nobrainflip will lead the volatile cryptocurrency market. However, it is worth remembering that successful trading directly depends on understanding what is happening and the ability to adapt to constantly changing conditions. Do your own analysis or research before making any investment decisions, and remember that you should only invest in cryptocurrencies with money you can afford to lose.

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2024-04-25 16:27:00
#Crypto #Trader #turned #million #rules

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