"Three months, turning 10,000 U into 2,000 U—this isn't investment? It's paying tuition to the market!" Last week in the fan group, the lament of new trader Xiao Yang instantly reminded me of myself ten years ago, chasing highs and cutting losses. The crypto world is never a 'casino for hundred-fold coins', but a battlefield of cognition and discipline. Today, I'm not giving motivational speeches, but breaking down the three deadliest pitfalls that beginners easily fall into, along with my original 'three don'ts' trading rules which can help you lose 50% less of your principal.
The first pitfall: Emotion-driven 'Pendulum Trading'
Xiao Yang's SOL operations can be considered typical: seeing a 5% rise and rushing in, only to have it drop right after buying; panicking and selling when BTC drops 3%, going back and forth dozens of times, with fees directly eating up 1500U. This is not an isolated case; it's the 'emotional resonance' trap that 99% of beginners fall into—fear of missing the 'wealth express' when it rises, and fear of losing everything when it falls. My one rule after ten years of trading: only engage in 'trend confirmation', never act on 'emotional impulse'. For example, only enter when SOL breaks the previous high by 20% with increased volume, and immediately stop loss if it drops below the support level by 3%, never buy or sell based on 'feelings'. Remember, the market never lacks opportunities; what it lacks is the patience to wait for those opportunities.
The second pitfall: blindly believing in 'wealth codes' and making gambling-style investments
'Hundredfold coins' recommendations, KOL coin endorsements, insider tips... When Xiao Yang invested 3000U in a 'recommendation coin', he hadn't even read the project white paper. This is not investing; it is betting that 'luck is better than others'. I have done special statistics: 80% of 'recommendation coins' go to zero within three months, and among the remaining 20%, 90% do not outperform BTC. My 'three-check principle': check the project's background (Is there a real-name team?), check liquidity (Is the daily trading volume over 10 million?), check consensus (How active is the community?). Only consider those that meet these three points; otherwise, don't even look—what the crypto world lacks the least is 'hundredfold stories', but those that survive to the bull market are always projects with fundamentals.
The third pitfall: all-in zero-sum operations
Xiao Yang heard 'insider news' and went all-in with 5500U on a certain coin, but the project collapsed and went to zero. Newcomers always think 'opportunities are rare', but forget the principle of 'preserving the green mountains'. My position management rule: no single coin should exceed 20% of the total position, set a 10% stop-loss line, and take half off to lock in profits when rising by 20%. This is not being conservative; it is the wisdom of 'surviving'. In my ten years in the crypto world, I have seen too many legends of 'all-in becoming rich', but those who can continuously profit are all disciplined players who 'build positions in batches and strictly stop-loss'.
