The cryptocurrency market is like a knife's edge; those unprepared often have to pay tuition. I was confused in the early days of my losses, and it was only after crawling out of the pit that I found my way. Let me share a few points with you: if you can gain experience without risking your life, don't force it.

First, let's talk about timing.

During the day, there are many messages, and it’s hard to discern truth from falsehood, causing the market to jump around erratically, making it easy for newcomers to lose their composure.

The good news you see is often a situation that others have already laid out in advance; when bad news floods in, it’s mostly already fallen significantly.

To reduce interference, avoid the chaotic daytime hours; night trading is clearer, and the fluctuations are more suitable for making moves.

Next, let's discuss taking profits.

Many people fantasize about doubling their earnings after making a small profit, only to have a single correction wipe out their gains. The numbers in your account are not real money; only when you transfer them to your card does it count.

If you earn daily, take out a portion first; once this habit is formed, your rhythm will be much steadier.

Don’t rely on guessing when making trades.

Relying on feelings will only lead to being taught a lesson by the market. Tools are meant to improve your winning rate; moving averages provide direction, and MACD provides rhythm.

You don’t need complex indicators; as long as you can understand, execute, and review them, it's enough.

Stop-loss is the bottom line.

If you want to survive long-term, you must protect your capital. When watching the market, pull out if it drops to a certain point; hesitation is a big taboo. If you can’t watch the market, set a good stop-loss; otherwise, a sudden drop can cause your account to go out.

Withdrawals should also follow rules.

When the numbers in your account get large, it’s easy to lose your way, thinking you can earn it back anytime. Withdraw a proportion of the weekly profits; this will stabilize your account and keep you grounded.

There are three things that are most likely to cause issues:

High leverage, frequent trading, and using borrowed money to participate.

These three account for most of the reasons why newcomers face liquidation.

Trading cryptocurrencies requires a mindset, not impulsiveness.

Follow the rules and make fewer mistakes, and your path will be smoother than most.

It's very difficult to go far in this market relying on just one person.

Now, I have a well-repaired path here; will you walk it?

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