A lot of people enter the cryptocurrency world just for the high leverage and high returns, fantasizing about getting rich overnight. In the end, they end up being the ones who get cut down.
Why is that? It's not that they can't make money; it's that they haven't even thought about how to keep the money they earn.
You might multiply your investment by hundreds of times, experiencing the thrill of making tens of thousands of USDT in a day, but after that, would you still be willing to go back and slowly accumulate a few thousand? Most people aren't technically lacking; their mindset is just shattered. They can't bear to leave when they've made too much, and they want to recover their losses when they've lost too much, resulting in a deeper trap.
Here are a few pieces of advice from my experience of stepping into pitfalls:
First, act less and observe more.
Don't just jump in and make random moves; the market isn't active every day. If you miss out, don't rush; there are plenty of opportunities in the cryptocurrency world.
Second, don't go against the trend.
When you see a bunch of people rushing in, do you really want to try to buy low and sell high? In the end, others will run away, and you'll be the one holding the bag. Remember, following the trend is the way to go.
Third, stick to your bottom line and don't let emotions lead you.
Set your take-profit and stop-loss levels in advance and execute them quickly when they are reached. Don't be greedy or hesitate. You can never truly guess where the real 'bottom' and 'top' are; being greedy can easily turn your gains into losses.
Trading cryptocurrencies is not gambling, nor is it based on luck. It relies on strategy, patience, and self-discipline.
Those who can survive in the cryptocurrency world are never the ones who earn the most, but rather those who can afford to lose and know when to stop!
During this period, I've been leading community members to buy high and sell low; I've lost count of how many times I've made profits. Making thousands of USDT per trade has become the norm! If you lack direction, then tighten your belt and follow the leader, grab the indicators, and let's make profits together! 🚀
