1. Safety first; strictly adhere to risk control.
Don't let liquidation end your trading! You must set a stop-loss line and avoid blindly adding margin. Leverage should not exceed 20 times. Ensure the safety of your principal first, then you have a chance to wait for profits. The market never lacks opportunities; don't gamble for sudden wealth; surviving is more important than making quick money.
2. Control your hands, reject the gambler's mentality.
Never go all in! Use only 1%-3% of your capital for each trade; avoid excessive trading and frequent buying/selling. Set reasonable profit-taking points; don't fantasize about doubling your investment with a single trade—market 'dragon market' (rapid rise and fall candlesticks) can fluctuate 2%-3% within minutes, leading to instant liquidation under 20x leverage. It's better to earn less than to turn cryptocurrency trading into gambling.
3. Don't be stubborn with the trend; avoid excessive actions in extreme markets.
Trade with the trend, but don't stubbornly stick to your own judgment. When there's a sharp rise or fall, don't rush to enter! If you must operate, start with a small position to test the waters, and set small profit-taking and stop-loss points. If the market turns against you, close your position immediately and wait for the trend to clarify before acting. Protect your principal to wait for the next opportunity.
