Making money is not a temporary thing, it's a lifelong endeavor!

Having been in the cryptocurrency circle for 10 years, to be honest, the experiences from the first few years were truly bloody lessons.

In half a year, I lost 70% of my principal, and I kept thinking about recovering, but my hands just couldn't help but want to open positions.

There is no retail investor who hasn't experienced such lows, especially at that time when there was no experience in controlling positions and mindset.

As time went by, I gradually figured out the rules for survival. While I can't say that I can always win, at least it helps me avoid some common traps and prevent making too many mistakes.

Most retail investors always do the opposite. They stubbornly hold on when they lose, and immediately run when they make a profit. The correct approach should be to do the opposite: dare to let go of the profits, and decisively cut losses when hitting the stop-loss point.

Just this point of "locking in profits at 10% and cutting losses at 5%" can avoid countless deep pits and reduce unnecessary losses.

The market's trading volume is crucial: if the trading volume shrinks when the price hits a new high, there may still be momentum; if it pulls back after breaking the 20-day line and the trading volume shrinks, it could be a buying opportunity.

Don't be greedy; focus your energy on two to three mainstream cryptocurrencies to avoid being overwhelmed by too many coins, which can lead to loss of control over positions.

In day trading: don’t panic during a sharp drop; a rebound will come; be careful during a sharp rise at the close, as it might crash the next day.

A rise on low volume may still go up, but be cautious if the volume is high without a rise; sharp spikes usually lead to corrections.

The most important point is to take a break after making a lot of money to avoid being overly excited; don’t rush when losing, calm down before taking action.

Trading cryptocurrencies relies on endurance and mindset, keeping discipline, the market will reward those who are patient.

True experts never show off their skills, relying on discipline and execution. Follow me, together we will flip accounts, reap profits, and recover. Slow is fast; living longer allows you to laugh until the end.

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