Many people think that beginners are the main players in the cryptocurrency world, but the reality is: those who suffer the most losses are often those who believe they have 'figured it out.' $SOL
The fatal illusion of experienced traders: confidence outpaces ability
They don't lack technical understanding; they just trust their judgment too much.
Having seen several bull and bear markets and caught a few waves, they think they have grasped the market's temperament. As a result, their positions get heavier and their leverage increases, until a sudden market shift causes their accounts to be wiped out.
Even more frightening is the 'refusal to lose' mentality:
After losses, they are unwilling to cut losses and always want to 'try one more time to break even.' Frequent trading and emotional decisions eventually trap them in a vicious cycle of 'the more they lose, the more anxious they become; the more anxious they become, the more they lose.'
Data shows that leveraged contracts are the main cause of liquidation; during the LUNA crash in 2023, over 500,000 people were liquidated due to high leverage within 24 hours.
The common trait of truly skilled traders: restraint is more important than ambition
Surviving traders often appear particularly 'conservative':
• Always prioritize risk control, strictly limiting single trade losses to within 1.5% of the principal;
• Wait for opportunities when the market is uncertain and avoid 'ineffective trades';
• Withdraw profits regularly after making gains, never reinvesting all profits back into the market.
Survival advice for newcomers: slow is fast
1. Experiment with small positions: do not open positions exceeding 10% of total capital for the first trade, leaving enough ammunition to cope with fluctuations;
2. Stop trading after losses: take a forced break after two consecutive losses to avoid 'revenge trading';
3. Record every mistake: write down the reasons for every loss to avoid repeating the same mistakes.
The harsh truth of the cryptocurrency world is: the market is always there, opportunities are always available, but the premise is that you can survive until opportunities arise. There is no need to rush to get rich overnight; if you make fewer mistakes and survive, you have already outperformed 90% of people.
