Daily fluctuations of 20%-50% are not uncommon in the cryptocurrency world. "Doubling overnight" and "returning to zero overnight" can happen with the same coin.

Therefore, please remember: **do not use money that you need urgently**—whether it is for living expenses, mortgage, or loans. Especially avoid leverage; leveraging amplifies not only profits but also risks. The vast majority of beginners suffer disastrous losses starting from high leverage.

Beware of the "survivorship bias": the "wealth myths" you see are just a small minority; more failures exit silently.

Before placing each order, ask yourself: "How much loss can I withstand?" Then consider "How much can I potentially earn?"

Reject superstitions about "predictions" and "insider information"

There are no eternally correct "gods" in the cryptocurrency world, nor is there truly reliable "insider information". The market is influenced by multiple factors such as policy, emotions, and capital, and short-term trends have high randomness—even professional institutions find it difficult to predict accurately.

Relying on others for trades is equivalent to handing your fate to someone else. If you profit, it's luck; if you lose, it’s your responsibility. Truly reliable trading must stem from independent judgment.

Your understanding determines long-term returns

Trading is not about betting on price increases or decreases; the core of long-term profitability lies in whether you truly understand a project.

What problem does it solve? Does the technology have breakthroughs? Is the team reliable? Is the ecosystem developing?

Do not touch currencies you do not understand, no matter how lively they are. Many air coins rely on marketing to attract attention, and once they crash, there won't even be an opportunity to stop loss.

Emotion is the biggest enemy in trading

When making profits, people tend to be greedy: earning 10% leads to wanting 50%, doubling leads to wanting more, ultimately possibly giving back all profits;

When facing losses, people tend to panic: a drop of 10% leads to fears of a crash, rushing to cut losses, often selling at the bottom.

**Be sure to establish a trading plan** (for example, "Take profit at 20%, cut loss at 10%"), and firmly execute it. Using rules to constrain mindset is the core of risk management.

There is no need to pursue "perfect trades"

No one can always buy at the lowest point and sell at the highest point. Those who try to catch every wave often incur continuous losses due to frequent operations, high fees, or misjudgments.

Accept "imperfection"; as long as you can gain reasonable profits in a trend, it is a successful trade. **Taking profit is more important than pursuing maximum profits.**

The essence of the cryptocurrency world is a high-risk gambling arena, not an automatic teller machine.

Rather than chasing short-term fluctuations, it is better to diligently enhance your understanding, build a system, and maintain respect.

Only by soberly viewing risks and rationally treating the market can one walk more steadily and further in this field.