When I first entered the market, I stared at the screen for 18 hours a day. After losing half a year’s salary in three months, I finally understood that the more frequently you trade, the faster your wallet empties. It’s the same trick as a casino. Those big shots flaunting their profits might be secretly eating instant noodles.

Fake effort: Trading 20 times a day is not as effective as thoroughly researching one indicator each month. Mistaking luck for skill: I followed the crowd to buy meme coins and made three times my investment, but later lost everything and even went into debt. Only listening to bragging and not looking at the disasters: Old Zhang in the group always boasts about escaping the peak of Bitcoin but never mentions that he was liquidated 8 times. Meanwhile, Old Wang next door traded coins and made enough for a BMW, but after mortgaging his house to add funds, now he's driving for a ride-sharing service.

Three survival tips: Always bet a maximum of 2%. Like playing Texas Hold'em, don’t go all in no matter how good your hand is. There was a time I wanted to go all in on Dogecoin, but the alarm forced me to lock my position and saved me. I discovered a pattern: Bitcoin must drop before the Fed becomes hawkish, and I managed to avoid three major crashes. Before placing an order, ask yourself these five soul-searching questions:

1. Do I understand how I’m making this money?

2. Is it worth risking 10% to gain 30%?

3. At what point must I cut my losses?

4. Is there a major event happening right now?

5. What’s the worst I could lose?

Three years of blood and tears have taught me three things to avoid:

1. Following the crowd.

I avoided 90% of the Dogecoin crash simply because I didn’t listen to my group friends’ persuasion.

2. Not touching what I don’t understand: Treat the Metaverse and AI coins as scams.

3. Not gambling my life savings: No matter how good it looks, I won’t invest more than 5% of my total funds; it’s just like buying a lottery ticket. In the crypto world, the only real money comes from running exchanges and selling courses; everything else is just for retail investors.

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