Many people enter the crypto world chasing high leverage and high returns, initially fantasizing about 'getting rich overnight', only to end up as fodder. Why? It's not that they can't make money; it's that they never thought about how to keep the money they've earned.
You may have made a trade and tasted the thrill of earning tens of thousands of U in a day, but the question is: are you willing to go back and slowly save a few thousand? Most people aren't technically inept; their mindset collapses. When they earn a lot, they are reluctant to leave; when they lose a lot, they want to recover, and they sink deeper and deeper.
Here are a few pieces of advice, earned through experience:
1. Operate less, observe more.
Don't jump into the market immediately; opportunities in the crypto world are abundant, and missing one shouldn't cause anxiety.
2. Don't go against the trend.
Seeing a crowd rushing in, do you really want to try to catch the bottom? The result is that when others leave, you end up holding the bag. Remember, following the trend is fundamental.
3. Have your own bottom line and don't be controlled by emotions.
Set your profit-taking and stop-loss lines in advance, and execute them when they are reached—don't be greedy or hesitant. You will never know where the true 'bottom' or 'top' is; greed can easily turn wins into losses.
Trading cryptocurrencies is not gambling and it’s not a game of luck. It’s about strategy, patience, and restraint.
Those who can survive in the crypto world are not necessarily the ones who make the most money, but those who can afford losses and know when to stop.