It is really not recommended for ordinary people to trade cryptocurrencies; they will only lose money. Based on my years of experience, I have come up with a few key factors for making money that everyone can refer to, but they may not necessarily be useful.

1. Do not trade with emotions

Trading with emotions is the most fatal mistake. Some people lose their rationality after being liquidated for a long time or incurring losses and are eager to add to their positions and invest more money immediately. In simple terms, they no longer believe in the risks. But often, it is this very belief that leads to misfortune.

2. Do not use high leverage

I also trade with leverage, after all, it's just a small amount of money; trading without leverage feels meaningless. However, one should not overdo the leverage. Personally, I believe that leverage exceeding 5 times should be avoided.

In fact, the safest option is still spot trading. To make stable profits, one must rely on spot trading. Most of the money I have made so far comes from spot income, and most of the time, I only open a 1x short position for hedging.

3. Keep a long-term perspective and avoid short-term trading

Short-term trading can yield quick returns, but you cannot play it for a lifetime. If you want to make money in the long run, you must engage in long-term trading. Try to limit your positions to once or twice a week, and do not open a position without at least 80% confidence; observe the market changes patiently.

This is also a test of emotional control. If you manage your emotions well, you can refrain from opening positions for a long time and wait for the right opportunity.

4. Wear a hat that fits your head

The amount of money invested in cryptocurrencies should be within your own affordable range. Some people casually invest hundreds of thousands. I'm not saying this lightly; the psychological pressure can be very great for you.

Imagine seeing a daily loss of tens of thousands; how would you feel? The psychological pressure is unbearable for ordinary people, and only wealthy individuals can face it calmly because their assets are not limited to this amount; tens of thousands are just a drop in the bucket for them.

In contrast, if you only play with a few thousand. Even if you get stuck, you won’t panic, and your thinking will be very clear, knowing how to operate next to calmly get through this period.

If you enjoy contracts, like to study market trends, and are interested in technical analysis, click on my avatar. I will share my years of experience and skills in the cryptocurrency circle freely. I’m here in the community, always online, welcome to discuss and improve together.