Practical Advice for Newcomers in the Crypto World: Avoid Pitfalls with These Steps

Review Your Losses: Record every loss, not just the numbers but the reasons behind them – Did you chase the price? Or did you believe in the "inside information" from the group? Keep a notebook for two months, and you can avoid 80% of repeated mistakes.

Don’t Be a Parrot: When someone in the group calls out a trade or a big influencer promotes something, first ask yourself, "What is the logic behind what they said?" If you genuinely find it reasonable, try a 1% position to test it out; don’t blindly follow the crowd.

Learn from Successful Traders: Find those who are willing to share their real trading results and have been profitable for more than three consecutive months. Observe how they analyze the market and manage their stop-loss and take-profit. Break down their thought process into "If... then..." action steps and turn them into your own trading checklist.

Focus on Practical Experience: Before you achieve a tenfold return, refrain from boasting in the group about "I want to earn a billion." Share your trading records (but don’t disclose your positions), like "I bought XX coin at XX price because of XX, with a stop-loss set at XX." The process of others pointing out flaws is your opportunity to fill in the gaps. The final heartfelt advice: Those who survive to the next bull market in this circle are the ones who turn "others’ suggestions" into "their own rules."