Folks, let’s talk about something heartfelt. The realm of crypto is like playing an extreme version of Monopoly; some dream of getting rich quickly while others end up losing everything. How can ordinary small investors successfully navigate every trade in this unpredictable crypto world? Today, I’m sharing my hard-earned lessons (having lost money and stumbled) in a down-to-earth way!

One, don’t be a 'reckless novice'; first understand the 'rules of the game.'

When we enter the crypto space, don’t act like a headless fly rushing in just because you see 'rise.' First, understand what trading in this crypto world is all about. Mainstream coins like Bitcoin and Ethereum are like 'real estate' in Monopoly, relatively stable; while those chaotic air coins might be 'trap cards' that could empty your pockets at any time.

How to choose a trading platform? Don't trust those shady platforms; if they run away one day, you won't have anywhere to cry. Choose large platforms; while they aren't perfect, at least they have a 'solid foundation,' and the probability of problems is lower. Also, understand the 'tricks' of trading—what is a candlestick? What is trading volume? Don't think these professional terms are too advanced; as ordinary people, we can learn and grasp the basics. Candlesticks are like the 'ECG' of coin prices, showing trends in red and green; trading volume reflects the 'popularity' of the market; if there’s a sudden increase, there might be a 'story' about to unfold.

Two, control greed and fear; don’t let emotions 'hijack' you.

The crypto market tests human nature the most, with greed and fear being two 'little demons' that can drive people crazy. When the market rises, you think, 'Let’s rise more and earn more,' only to miss the take-profit point and see profits evaporate; when the market drops, you panic, 'Quickly cut losses, don’t lose more,' and end up selling at the bottom, only to watch the coin price bounce back up.

I’ve suffered losses myself. I bought a small coin once; it rose a bit, and greed took over, so I didn’t sell, thinking it would double. A few days later, it crashed! I was so scared I quickly cut my losses, only to see it rebound soon after. Frustrating, right? Later, I learned to set my own 'take-profit' and 'stop-loss' points in advance. When it hits the take-profit point, no matter how greedy I feel, I sell a portion; when it reaches the stop-loss point, I grit my teeth and cut my losses to prevent small losses from turning into a disaster.

Also, there's the 'FOMO' (fear of missing out) sentiment, which is basically 'poison' in the crypto world. When you see others saying a coin is about to take off, you rush in without thinking, only to end up as the 'bag holder.' Remember, listening to others' 'get-rich-quick stories' is fine, but don't blindly follow along; we need to have our own judgment.

Three, position management; don't put all your eggs in one basket (but also don't scatter them randomly).

Position management is crucial! As ordinary small investors, don't go all-in on one coin, and don't scatter your money buying a bunch of coins. You can divide it into a few steps:

First, take a small portion of your money (like 10% - 20%) to test the waters and buy some mainstream coins to feel the market. Once you get a hang of it, adjust your position. For instance, divide your funds into 'base assets' and 'flexible assets.' Choose coins you believe in for the long term as your base assets; hold them steady without being shaken off by short-term fluctuations; use flexible assets for short-term trades, seizing opportunities to earn quick profits but don’t be greedy.

For example, I can use 30% of my funds to buy Bitcoin as a base asset, 20% to buy Ethereum, and keep the remaining 50%—some as 'backup' and some for short-term small coins (but small coins should be chosen carefully due to high risk). Even if one coin crashes, it won't lead to a total loss.

Four, learn to 'wait'; don’t fiddle around every day.

Many people in the crypto space lose money because they love to 'fiddle' too much. They stare at the market every day, sell when it rises a bit, and buy when it drops a bit, paying a lot in transaction fees but ending up with little profit. We need to learn to 'wait' for the real opportunity.

When the market is bad, don’t force trades. It's like in Monopoly; if you land on a 'bad spot,' just take a break, don’t force buys or sells. Wait for the market to show 'signals,' like mainstream coins rising significantly or moving averages improving, before entering the market. Observe more and operate less; reducing the number of trades can lead to more stable profits.

Also, don't fantasize about 'buying at the lowest point and selling at the highest point.' That's something only the gods can do. As ordinary people, if we can buy at a relatively low position and sell at a relatively high position, we should be grateful. Learn to be content; that's how you can survive longer in the crypto world.

Five, learn more; don’t remain an 'ignorant retail investor' without realizing it.

The crypto market changes rapidly, with new tricks every day. We need to keep learning and not be 'ignorant retail investors.' Look for reliable financial bloggers (but don’t believe everything blindly; discern for yourself), learn from their analytical approaches; study project whitepapers (even though many whitepapers are just 'pie in the sky,' they can reveal some insights); pay attention to industry news; policy changes and technological upgrades can all impact coin prices.

For instance, if the government issues regulatory policies, certain coins will definitely drop; if a blockchain project has a significant technical breakthrough, related tokens might rise. The more we know, the more confident we feel, and the steadier we are when trading.

Six, accept 'imperfection'; don’t stubbornly hold on to losses.

Finally, I want to say that in crypto trading, don’t strive for 'profit on every trade'; that’s unrealistic. Even the most skilled traders have losses. The key is, if you lose, don’t stubbornly hold on; don’t think 'this trade will turn things around,' as it may lead to even more losses.

When we incur losses, let’s review and think about what went wrong and how to improve next time. When we make profits, don’t get carried away; think about how to secure those profits. In crypto trading, it’s not about short-term windfalls, but about long-term 'survival capability.'

Folks, this ride in the crypto world is thrilling yet dangerous. As ordinary small investors, don't think about getting rich overnight; instead, steadily use these 'down-to-earth methods' to make every trade count, accumulate slowly, and survive in this market, or even make money. Remember, respect the market and control yourself to go further in the crypto world!

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