I have also stayed up late staring at the market until my lips blistered, and have multiplied my investment tenfold only to end up in losses without taking profits. After ten years of ups and downs in the crypto world, three liquidations, I finally see the three major pitfalls that retail investors must face:

1. The blood and tears of 'I buy when others get rich'

In the bull market of 2021, seeing friends flaunting hundredfold profits from Dogecoin, I impulsively invested everything. As a result, I bought at the peak of $0.7, hoping for a 'pullback to add more' as it dropped to $0.4, and ultimately sold at $0.17. I later understood: When even the aunties at the market are talking about a coin, it’s a signal that the scythe is being raised.

2. The abyss trap of 'holding on and averaging down'

Last year, heavily invested in a 'top-tier' public chain, when it dropped 20%, I thought 'value investing'; when it dropped 50%, I took out a loan to average down; when it dropped 80%, I completely froze. In the end, the project ran away, and I realized: averaging down on losses is like drilling holes in a sinking ship, making it sink faster.

3. The curse of 'believing in gods but not in K-lines'

I spent 8888 yuan to join a 'supreme signal group', where the teacher flaunted photoshopped profit charts. Following their signals to buy worthless coins, he earned commissions while I lost principal. After liquidation, I looked back through the chat records and found—every 'certain win signal' happened the night before a massive market crash.

Three life-saving rules saved me:

▶︎ Only use spare money to invest in crypto

No matter how enticing the market is, only invest 5% of your savings. Even if it goes to zero, it won't affect my meals, and a stable mindset ensures operations won't be distorted.

▶︎ Set a stop loss before opening a position

Now, every trade must have a 2% hard stop loss. Losing 5 times only costs 10% of my principal; if I endure until a trend emerges, I can turn it around.

▶︎ Uninstall all signal groups

The real money-making signals are all in the K-lines:

Weekly breaks through a platform that has been flat for 3 months, and the monthly line stabilizes above the 200-day moving average, increasing in volume.

The most painful realization:

After ten years of trading crypto, I finally understand that getting rich quickly is poison, while surviving is the antidote. When I learned to miss out on explosive rises without kicking myself, and to cut losses without hesitation, my account began to stabilize and grow.

I used to stumble in the dark alone, now the light is in my hands.

The light is always on, will you follow? @币来财888