In the cryptocurrency market, have you ever experienced such moments of frustration? Just as you dive in, the prices plummet; you grit your teeth and sell at a loss, only for the market to suddenly rebound, as if it has eyes specifically set against you. This magical experience of 'buying high and selling low' is not uncommon among novice traders, and it actually hides dual traps of rationality and psychology.

First and foremost is emotionally-driven irrational trading. When the market is surging, the anxiety of 'missing out' can lead to impulsive buying at high prices; while faced with a price drop, panic drives investors to hastily sell, often buying at peaks and selling at lows, perfectly missing out on profit opportunities. Furthermore, trading decisions based solely on intuition, lacking clear entry points, stop-loss levels, and profit-taking strategies, make every operation feel like blindly groping in the dark. Additionally, inherent cognitive biases in humans also play a role—people tend to remember the pain of losses and missed opportunities more easily, and this psychological tendency can easily evolve into a fatal weakness in the rapidly changing trading market.

To break this vicious cycle, one needs to start by establishing a scientific trading system. First, develop a detailed trading plan that outlines entry conditions, exit rules, risk tolerance, and other key elements into a written strategy and strictly adhere to it; employ a dollar-cost averaging (DCA) strategy to smooth out costs by building positions in batches, avoiding the enormous risks of going all-in at once; at the same time, consciously train emotional management skills to prevent decisions from being swayed by greed and fear. After each trade, cultivate the habit of recording a trading journal to review entry logic and final results, extracting lessons from mistakes. Additionally, one can systematically learn technical analysis knowledge or pay attention to in-depth interpretations from professional analysts, steering clear of unverified market rumors.

Remember, in this trading journey, losses are a necessary part of growth, and discipline is the golden key to unlocking profitability. Every trade is a precious learning opportunity; only by maintaining rationality and adhering to the rules can one steadily progress in a volatile market.