Previously, I saw someone comment under an article asking me if there is a guaranteed way to make money in the cryptocurrency world?

To be honest, there isn't one.

If there were, everyone would have made a fortune by now.

But one thing is true: if you can avoid certain pitfalls, you can survive a few more times.

I have learned this lesson with real money, through blood and tears.

For example, back in the day, I was greedy for small gains, went to buy obscure altcoins, thinking I could make ten times overnight, only to find the project had run away in three days, and my account was wiped out.

Since then, I no longer touch junk coins, only focusing on mainstream ones like Bitcoin and Ethereum.

What can turn your fortune around is always the mainstream, not a lottery ticket.

The position size is also important.

In the past, I would get excited about opportunities and go all in, only to find the market moved against me and I got wiped out.

Later, I became smarter and divided my funds into dozens of parts; even if I made a few mistakes, I could still survive.

Survival is more important than anything else.

There was another pitfall that pained me a lot: during the bull market in 2021, my account soared to 800,000, and I was reluctant to sell, only to end up with 200,000.

At that moment, I understood that buying is just the beginning; selling is the real skill.

Frequent trading is also a dead end.

There was a time I made dozens of trades a day, making money in the morning and giving it all back in the evening, while also paying a lot of fees to the platform.

Now I set limits for myself: a maximum of three trades a day, which turns out to be more stable.

The most dangerous is averaging down.

I used to add more when prices fell, only to find myself deeper in the hole.

Now, if the direction is wrong, I immediately cut my losses. As long as the money is there, the opportunity is still there.

Plus, I have a strict rule: no single trade loss can exceed 2% of the principal.

Even if I make five mistakes in a row, my account won't die.

When the market surges or plummets, don't chase it.

Many people enter the market in the excitement of a big bullish candle and exit during a big bearish one.

I have also been harvested before, and since then, I never touch it again.

One last piece of straightforward advice: go with the trend. The market is like a train; don't think about going against it. Short in a bear market, go long in a bull market; it’s comfortable and safe.

These principles may seem cliché, but only those who can control their hands and hearts can truly make it to the end.

The cryptocurrency world is never about who makes money the fastest, but about who survives the longest.

If you are feeling a bit confused right now, or if you need guidance in other areas, feel free to reach out to me anytime. I will help you solve your problems and provide you with the most detailed analysis!