How can one become a big shot in the cryptocurrency world?

You must practice a lot, practice a lot, practice a lot, practice a lot, practice a lot; it's important, so I’ll say it five times. A lot of practice can help you solve many issues.

1. Daydreaming

I’ve seen some traders who, for some reason, love to talk about trading, like saying to do this or that, but when it comes time to actually trade, they behave differently. There are many such traders, so practicing more leaves no time for daydreaming about how to trade perfectly.

2. Breaking Superstitions

Trading more can help break superstitions, such as whether moving averages are support or resistance, or whether past highs are support or resistance. Things like whether trading should be within one’s capacity are all superstitions. Why? Because with a lot of practice, you will naturally understand.

3. Gaining Rich Experience

There’s a saying: 'If I were a screenwriter, I wouldn’t dare to write it that way.' What does it mean? Many times, you rely on logic and guesswork to judge the truth of what others are saying, which can be exhausting. A lot of practice brings rich experiences, so when what others say aligns with your experiences, you can understand the meaning behind their words much better than just discussing it theoretically. Of course, not everyone dares to practice a lot; some people say that practicing a lot incurs high transaction fees and that they are working for the exchange. Others say that practicing a lot leads to more losses. Some say they are afraid of practicing a lot.

We utilize the good side of mistakes—lessons learned—and control the bad side of mistakes—losses.

A good trader is one who knows how to use stop-loss orders best.

All traders who establish a correct learning mechanism can grow faster than others.