Let's talk about poker and cryptocurrency trading again, this time it's about the issue of entering the pot.
When playing cards, there is a cost involved if you have the small or big blind position, and many times the players with good hands in the first round will attempt to raise.
This is quite similar to playing poker and making trades; the higher the pot entry rate, the greater the tiny wear and tear. Over time, one player might lose 3000, another might lose 5000, and within a month, losses can reach over a hundred thousand. If there isn't a big win to offset this, the losses can be quite painful.
Friends who often play with me know that my style is usually not to enter the pot or raise without a good hand, and I only place bets on good opportunities. Sometimes, if I get too excited, I might end up losing a lot with bad hands. It's quite similar to my cryptocurrency trading; although I might casually trade, I always make sure to be very rigorous when placing serious bets.
I try to engage in actions that improve expected value (EV) and acquire low-cost chips—earning rewards and participating more in pre-TGE projects while participating less in post-TGE projects, which reduces the pot entry rate—watching more and acting less.