If you are in a losing position with your contract and you want to turn losses into gains, then you must carefully read this article. Follow the six points below to 100% ensure you can achieve profitability. 1: Learn to take profits and set stop losses. The market changes rapidly; you must learn to take profits and set stop losses. This may sound difficult, but it's not. Taking profits controls your greed; a cryptocurrency will not rise indefinitely, nor will it fall continuously—it all has cycles. Therefore, taking profits becomes particularly important. Do not always worry about closing positions too early and missing out on future profits! You must remember that the money in the crypto world can never be fully earned, but the money in your account can be lost completely. Stop losses mean abandoning sunk costs, which can be difficult. Don’t think that if you just hold on, the market will reverse in the next second—never think this way. If you are wrong, you are wrong; you must admit it. Standing tall while taking hits may hurt, but it can truly save your life. 2: Do not trade frequently. A big taboo. Don’t always think about making profits from both sides? Wake up, very few people can achieve this; be content with profiting from one side. Another point is the trading fees; it's manageable with low leverage, but high leverage can be painful. You lose 1-2 points of profit as soon as you open a position. You need to ensure this trade can make money, otherwise, it is meaningless; you end up paying all your profits as fees to the market makers! 3: Learn to stay in cash. When you don’t understand the market, don’t blindly open positions. At this point, you might say, 'It’s uncomfortable to miss out on the market.' Then I will ask you: Is it more uncomfortable to miss out or to incur losses? Not understanding the market and making blind trades is no different from gambling! Trading is about having a probability advantage; no one can accurately predict whether the price will rise or fall. The market changes too quickly; you can only say there is a high probability it will rise or fall. 4: Proceed step by step. Don’t always think you can get rich overnight; you can’t eat hot tofu if you are too anxious! The crypto world will not make you rich instantly. For example, if you have a capital of 100 and open a 10x long position, your holding will be 1000. If it rises by one point, you earn 10 dollars; if it rises by two points, you earn 20 dollars. That’s enough for a breakfast! Nowadays, working in a factory earns about 15 dollars an hour. If you make three to four trades a day with a winning rate of 60-70%, it’s more comfortable than working in a factory. 5: Never go all-in with heavy positions. Absolutely do not go all-in with heavy positions; if something unexpected happens, you could lose it all. For example, if the market rises as expected, but suddenly a major piece of news comes in and causes a steep decline, and you just happened not to set a stop loss—then you’re done! So don’t rush; always trade with light positions and prioritize stability. There will always be opportunities in the crypto world; they will always be there, at least for the next 10 to 20 years. So do not be fooled by the illusions before your eyes! 6: You must achieve unity of knowledge and action. This point is indeed quite difficult, including for me; sometimes I can’t fully achieve this. The weaknesses of human nature are hard to grasp! I was once a newbie as well; I didn’t understand these basic issues at first, blindly opening positions without a plan! After being in the industry for a while, you will realize that the crypto world can really change your fate! The premise is that you must have a mindset that far exceeds others, the courage to take risks, the determination to stop losses in time, and the tenacity to survive at all costs! Otherwise, you will never become one of the lucky 1%.

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