If you don't study, you will forever only be a 'chives' (a term for inexperienced investors). Typical characteristics of 'chives':

Listen to news and trade coins (the big shots in the group say this coin will increase 100 times!)

Chase when it rises, cut losses when it falls (perfectly executing 'buy high, sell low')

Play with leveraged contracts (starting at 10x, ending up in liquidation)

Superstitious about 'wealth codes' (thinking there are truly risk-free projects)

Hold on through losses, run away when making money (can't hold onto big profits, but can endure big losses)

If you meet more than 3 of these characteristics, congratulations, you are the quality 'chives' that the market makers love!

2. The path to advancing as a 'chives' (from being cut to being cut less)

1. Beginner 'chives' (money-giving stage)

Behavioral characteristics: just entered the crypto world, knows nothing, but thinks they can get rich quickly. When they see a coin rise, they immediately go all in. When it falls, they start cursing the market makers and the project team.

Outcome: Principal down by over 50%, begins to doubt life.

2. Intermediate 'chives' (learning stage)

Behavioral characteristics: starts to look at K-lines, learns technical analysis. Joins various groups, follows 'big shots' for tips. Tries contracts, leverage, thinks they can 'accurately catch the bottom'.

Outcome: Occasionally make small profits, but one big loss sends everything back, starts researching 'value investing', but still can't hold onto coins.

3. Advanced 'chives' (less loss stage)

Behavioral characteristics: learns to control positions, not going all in. Starts dollar-cost averaging BTC/ETH, avoids junk coins. Understands taking profits and cutting losses, no longer holding on blindly.

Outcome: Can outpace inflation, but still far from getting rich. Finally understands: less loss is profit.

4. Veteran 'chives' (zen stage)

Behavioral characteristics: has experienced at least one cycle of bull and bear markets, remains calm. Only plays spot trading, avoids contracts. If they make money but don't withdraw, they consider it a loss; if they lose money but don't complain, they consider it a win.

Outcome: Finally understands: only a small number of people make money in the crypto world. Starts advising newcomers: 'Don't play, run away quickly!'

3. How can 'chives' avoid being cut?

1. Capital management (life-saving rules)

Don't go all in (even if this coin looks very stable)

Don't borrow money to trade coins (otherwise you might end up on the rooftop)

Only use spare money to invest (losing it all won't affect life)

Regularly withdraw profits (real profit is securing what you have)

2. Trading strategy (less loss is profit)

1. Don't chase highs and sell lows (don't FOMO when it rises, don't panic when it falls)

2. Dollar-cost average into mainstream coins (BTC/ETH) (safer than randomly trading altcoins)

3. Don’t play with leveraged contracts (10x leverage = 10x faster to zero)

4. Set take-profit and stop-loss (don't fantasize about holding on a bit longer)