I want to say that cryptocurrency doesn't have opening and closing hours like stocks, it's 24/7. If you're doing BTC or ETH, it's fine.

Then I watched him place his orders... I was completely speechless. I also want to say to retail investors that the root cause of many people losing money, in my view, is fake effort, inefficiency, meaninglessness, and self-deception.

Many people seem to be seriously trading cryptocurrencies, more serious than anyone else, trading for 16 hours a day, more diligent than professional traders. Like full-time traders.

But you just won't settle down to learn or read a few books, and every day you are inefficiently staring at the market.

To put it nicely, it's called watching the market; to put it bluntly, it's just staring at the candlestick charts, and you don’t even know what you’re looking at. As long as you spend time staring, you feel like you’ve worked hard, but apart from moving yourself, it’s meaningless.

Trading is very simple, just four principles:

1. Invest money you can afford to lose.

2. Do things that have a high probability of being correct.

3. Do things with a high risk-reward ratio.

4. Knowing to cut losses when wrong.

When trading, you need to enter the market based on your own position reasonably. You must not hold onto losing positions. Set stop losses, and contracts are suitable for swing trading. If there are profits, you should take them first. Holding onto profits, no matter how much, is just a number. If there's an increase, there will be a decrease. Only by entering and exiting at appropriate points can you profit in the long run.

Remember, no matter how good the market is, you must not neglect cutting losses. Maybe cutting losses hurts, but at least there's a chance. However, a forced liquidation means no chance at all. There’s no invincible general in this world, and it’s impossible to profit on every single trade. Only by getting used to cutting losses can you go further.

If you are also a tech enthusiast, feeling helpless and confused in trading, and want to learn more about the cryptocurrency world and first-hand cutting-edge information, click on the profile picture to follow the old blogger, and you won’t get lost anymore! Only when the market is clear can you operate with confidence. Consistently making profits is far more realistic than fantasizing about getting rich.