In the highly volatile cryptocurrency market, 80% of traders fall into a cycle of losses due to human weaknesses. Here are three practical takeaways to help you avoid 90% of risks:
1. Once you enter a position, go into "seclusion" and block emotional interference**
Stay away from noise after buying, turn off news notifications, and only review at fixed times (e.g., 12 PM / 8 PM) based on preset logic (e.g., technical support levels). Veteran experience: Once missed a 150% rebound due to panic selling, now I uninstall the app right after placing an order.
2. Stop-loss is your "lifeline," determine life or death with technology**
Set a stop-loss within 3 seconds of entering a position (previous low/Fibonacci line), data shows that not setting a stop-loss leads to losses 3.2 times greater than preset. Contract champion case: When BTC crashed in 2024, a stop-loss at 24,800 avoided liquidation, while 80% of those holding positions went to zero.
3. Misjudgment leads to "zero," refuse to add to losing positions**
"Buying more as it falls" is a fatal trap. A lesson from a quantitative CEO: adding to a position after SOL fell below the stop-loss resulted in consecutive losses. Now, forced misjudgment leads to liquidation + a 24-hour cooling-off period; strictly adhered to discipline during last year's BTC crash to avoid risks.
Ultimate mindset: Use mechanical discipline to combat human nature, reserve 30% of funds for error tolerance, and remember the "Crocodile Principle"—decisively cut losses to save oneself, rather than fighting with the market. The essence of profit is surviving with a high probability after avoiding fatal mistakes.
Intraday attention: $HUMA $BANANAS31 $QNT
