Crypto trader makes $3 million in profits with 15 golden rules

A pseudonymous crypto trader, Cyclop, has caught the industry’s attention. That’s because, from a humble $8,000, he claims to have turned his investments into an impressive $3 million.

Cyclop says the fifteen golden rules he consistently follows are the secret to his success.

How Crypto Trader Cyclop Made $3 Million

The Bitcoin halving concluded on Friday. Historically, halving events have triggered a monumental bull market. Therefore, Cyclop says that first of all it is necessary to understand and apply these rules. This means the difference between making significant gains and facing lost opportunities.

“If we look at the bull cycles in 2016 and 2020, the main growth occurred in the post-halving season. Now is the last chance to enter the market”, https://twitter.com/nobrainflip/status/1783192829025542190 Cyclop on X.

Check out the 15 golden rules:

1. Realize the profits: Cyclop emphasizes the importance of taking profits in a timely manner. He advises traders to secure a portion of their earnings in stablecoins or fiat currencies, thereby genuinely protecting profits;
2. Be focused: He suggests focusing on a few selected projects. In fact, spreading yourself too thin across multiple ventures can dilute efforts and diminish returns;
3. Follow the narratives: Cyclop emphasizes that success follows first and foremost the market narratives. Early engagement on trending topics such as artificial intelligence (AI) or real-world assets (RWAs), rather than obscure topics, yields better results;
4. Skepticism is key: In an environment full of personal agendas, he encourages every crypto trader to verify information independently whenever possible;
5. Minimize tools: Cyclop uses no more than five essential tools, such as Etherscan and DeFiLama. This approach keeps your trading efficient and straightforward;
6. Expand information sources: He recommends going beyond Twitter and using platforms like Discord and YouTube. Because this diversification can significantly expand trading perspectives;
7. Understand the basics: Fundamental knowledge is crucial. Therefore, entering crypto trading without a solid foundation is risky and unwise;
8. Wise risk management: Risk recognition and management is vital, especially during bull markets. Be that as it may, appropriate strategies can pave the way to sustained success;
9. Manage your trades: Defining stop losses and cutting losses in advance are undoubtedly essential to prevent small setbacks from becoming major declines;
10. Record keeping: Cyclop keeps a daily log of your crypto activities. This habit helps you track progress and refine strategies;
11. Ignore Excessive Complications in Bull Markets: He notes that growth is driven more by hype than logic during bull runs. Understanding this can finally avoid wrong decisions;
12. Questioning the security of stablecoins: He warns that stablecoins are not always as safe as they seem, referencing the collapse of TerraUSD (UST);
13. Portfolio Management: Concentrating investments in a few areas can make a small portfolio grow quickly. On the other hand, diversification is better for holding larger portfolios;
14. See gains and losses relatively: It views profits and losses as percentages of your total portfolio. This approach, for example, really helps to maintain emotional control and clarity when making decisions;
15. Persistence pays off: Finally, Cyclop emphasizes the importance of persistence. The current market offers countless opportunities for anyone willing to work diligently.

Post halving and knowledge

By sticking to these rules, Cyclop navigated the volatile crypto market. As we approach the post-halving season, market insights provide a framework for traders to capitalize on opportunities.”