The mentality rushed in, and in the end, cried out, "This water is too deep." In fact, it's not that the water is deep; it's that you didn't first learn to "step on the stones steadily" before crossing the river! Start by poking at a real pain point: Last week, a fan reached out to me, saying that after only two months in the industry, he had lost his 60,000 principal and was left with only 9,000. It's not that he didn't know how to click the trading button, but he was led astray by greed, neglecting even the safety of his account. Today, I'm going to share 7 "life-saving actions" from the bottom of my heart. Newcomers should do these first before talking about making money; all of them are valuable insights I summarized after stepping into pitfalls!
Newcomers want to survive in the crypto world? First, do these 7 "foolish things".
I often tell my followers: 'The crypto space lacks opportunities, but it lacks people who can withstand opportunities.' Many newcomers come in and focus only on 'which coin can double', forgetting the most basic things — such as having their accounts hacked, buying air coins, or going all in and getting liquidated... These pitfalls are not due to 'bad luck', it’s because you didn’t execute the 'life-preserving steps' properly. Today, these 7 points will help you avoid 80% of pitfalls; it’s better for newcomers to save them than to randomly add 10 'coin recommendation groups'!
One, think clearly before entering the market: are you here to 'plant trees' or 'catch rabbits'?
Don't get carried away just because others are posting profit screenshots; first, ask yourself: 'Do I want to grow with the industry in the long term, or do I just want to gamble and leave?' These two goals are worlds apart — if you want to 'plant trees' (hold long-term), look for projects with real technology and reliable teams, and you don’t need to watch the market daily; if you want to 'catch rabbits' (short-term trading), you need to learn to read K-lines, understand market sentiment, and have strict profit and loss limits. I've seen the most foolish thing: someone who originally wanted to hold long-term panicked and sold when the price dropped short-term, only for the price to rise after selling; and there are those who want to trade short-term, make a bit of profit, and are reluctant to leave, only to end up stuck long-term — if the direction is wrong, no amount of effort will help.
Two, don’t disregard account security; otherwise, you’ll have nowhere to cry.
The most common mistake newcomers make: rushing to buy coins right after registering on the platform, without completing secondary verification or setting up withdrawal whitelists. Let me tell you a true story: a couple of years ago, a friend of mine thought secondary verification was 'troublesome', and as a result, his account was hacked, and all the coins inside were transferred away. Trying to appeal to the platform was useless — the hacker had even changed his email, and he couldn’t even figure out whose account it was. Listen to me: choose a top compliant platform, set up secondary verification immediately after registration (don’t use SMS, use Google verification for more security), only add your own address to the withdrawal whitelist, and write down your mnemonic phrase on paper instead of storing it on your phone (if your phone is lost or infected with a virus, the mnemonic phrase is gone). These things seem simple, but they can prevent the vast majority of asset risks; don’t wait until you lose money to regret it.
Three, understand the 'rules of the game' before you start playing.
Newcomers who just added me on WeChat usually say first, 'Teacher, which coin can go up?' I always reply: 'First tell me, what’s the difference between a 'large bullish line' and a 'gravestone line' in K-lines? The higher the leverage, the greater the risk; is this statement correct?' Nine out of ten can’t answer. Brother, this is not a place to 'make quick money', it’s a place to 'exchange understanding for money' — if you can’t distinguish between mainstream coins and air coins (air coins are those without technology, without implementation, only relying on hype), and you don’t even understand that a stop loss is critical for 'preserving principal', any money you make will eventually have to be returned, and you’ll have to pay 'interest' (which is liquidation). Spend a week understanding the basics of K-lines, stop losses, and the logic of mainstream coins; it’s 100 times more reliable than rushing to buy coins.
Four, use 'milk tea money' for trial and error, don't go all in and gamble your life savings.
Some newcomers come in and go all in, shouting 'If I win, I'll get a club model, if I lose, I'll work at a construction site' — what’s the result? Nine out of ten end up working at the construction site, carrying cement and thinking, 'Why was I so reckless back then?' Listen to me: Newbies should start with 'spare money'. What is spare money? It's the money that, even if you lose it all, won't affect your ability to buy gifts for your partner next month or pay your rent — for example, take 500 yuan, at most 1000 yuan, start with spot trading (don’t touch leverage; leverage is for experienced players, newbies touching it is just giving away money). Set stop losses before every trade, for example, sell if it drops 5%; don’t think 'let’s wait a bit, it will come back'; after trading, take notes, such as 'Why did I buy this coin today? Did I end up losing or making money? Where did I go wrong?' — Surviving is more important than anything else, being alive gives you the opportunity to wait for major market movements.
Five, don’t be misled by 'good news'; a fixed rhythm is more reliable.
Every time I open the group chat, it’s all 'Some coin has good news, hurry up and charge!' 'This project is going to a big platform, if you don’t buy now, it’ll be too late!' Let me tell you, half of these messages are sent by 'shills', they are just waiting for you to take over so they can cash out. Last year, there was a follower who saw in the group that 'some coin is going to rise', got up in the middle of the night to add positions, and ended up dropping 30% that day, crying and asking me what to do — I told him, if you had your own rhythm, could you be tricked by such news? Listen to me: stick to 2-3 authoritative information sources (don’t trust the 'experts' in short videos), review regularly at a fixed time every day (for example, at 8 PM, spend half an hour looking at market trends and summarizing daily operations), don’t chase up, don’t copy top prices — the market has opportunities every day, why rush?
Six, find the right circle to learn 'thought processes', don’t blindly copy homework.
Newcomers love to randomly add groups, thinking they can follow 'experts' to make money. What’s the result? Many groups are full of 'shills'; today they tell you to buy coin A, tomorrow they tell you to sell coin B, and in the end, the group owner makes the commission while you lose your principal and get kicked out of the group. When I first entered the industry, I also joined many groups, and in the end, only one remained — in which no one directly said 'buy which', but discussed 'is the technical logic of this coin reliable?', 'is the current market sentiment fear or greed?', 'how much should the stop loss be set reasonably?' Slowly, I learned to analyze for myself instead of relying on others to feed me. When looking for a circle, find ones that 'discuss logic' instead of ones that 'copy homework' — someone else's homework could be a pitfall; learning to judge for yourself is the real skill.
Seven, set 3 iron rules for yourself, don’t let greed control you.
The last point, and the most critical: set 3 iron rules for yourself, and never break them! First, don’t be greedy — take profit when it’s good, for example, if you set a target of 20% profit, sell it; don’t think 'just a little more and I’ll sell', only to see it rise to the peak and then drop back down, wasting your joy; second, don’t be emotional — don’t curse when it drops, don’t get carried away when it rises; the market loves to play with your mentality; the more anxious you are, the more it will trick you (I’ve seen people add positions when the market drops, only to get stuck deeper, ultimately leading to liquidation); third, don’t touch what you don’t understand — those coins with fancy names that promise 'riches overnight', don’t touch them! If you don’t even know what they do, isn’t buying them just giving away money?
Earnings in the crypto space are not about 'getting rich overnight', but about long-term compounding. First, do these 7 things well, keep your principal safe, and slowly accumulate knowledge; there will be plenty of opportunities to make money later. I post recap notes in my friend circle every day and also break down common pitfalls for newcomers in my live streams. Follow me, and next time let's talk about 'how to read K-lines without getting confused'. Newbies, stop trying to figure it out on your own, it’s better to learn from experienced people than to regret losing money after the fact.
After reading this article, newcomers should clearly understand the key points to focus on when starting out. If you feel certain parts need further clarification (like how to choose compliant platforms or how to read K-line basics), or if you want me to discuss other topics in the crypto space, just let me know, and I'll provide you with more targeted content!
#加密市场反弹 $ETH
