$POWER Newcomers in the cryptocurrency world, what is the most common mistake they make?
It's not that they can't read candlesticks, nor that they don't understand indicators, but rather — treating contracts as a lifeline.
Many newcomers rush in with a mindset of "turning the tables, making a comeback, betting it all,"
but when the market doesn't turn around, they are the ones who get carried away by it.
$PUFFER Is it said that contracts are dangerous? In fact, contracts themselves are not dangerous,
what's dangerous is that those who are unprepared force themselves in.
After being in this for so long, I've found that those who can survive in the cryptocurrency world for the long term,
share a few common traits, which sound simple, but are lifesaving.
First: Never bet your life on it
When the market is skyrocketing, fully invested?
That's like tying yourself to the cannon.
You're not losing because of direction, but dying in the volatility.
When the market shakes lightly, your position is gone.
Leaving yourself with ammunition and room is fundamental to survival.
Second: When the trend isn't on your side, don't be a hero
When the market is favorable, you can make money even with your eyes closed;
When the market goes against you, the more you operate, the faster you lose it all.
Following the trend is simple and straightforward:
A pullback during an uptrend is a gift, a retracement during a downtrend is the time to exit.
If the trend isn't broken, don't scare yourself;
If the trend is broken, don't hold on, cut your losses in time.
Third: Stop-loss is not for the market to see, it's to leave yourself a way out
The most terrifying loss is not the large amount, but the one that keeps growing;
The most regrettable profit isn't the small amount, but watching it disappear.
Being able to accept small losses is the only way to welcome big gains.
The longer you drag it out, the deeper you'll sink in the wrong position.
Fourth: Less action means more profit
Those who make dozens of trades a day are never experts; that's called "a sign of impending mindset explosion."
The more anxious, the more chaotic; the more chaotic, the more losses.
Understanding and executing one or two trades well is much better than making dozens of haphazard trades.
These seemingly simple principles are the bottom line for survival in the cryptocurrency world.
If you can't do these, all the flashy techniques are just empty talk;
If you can do these, then you qualify to wait for the real big market.
The cryptocurrency world is not about who can run the fastest, but rather who can survive the longest.
First learn to stay alive, making money is just a matter of time.
It's better to share joy than to be alone in it; if you reach out, we will have stories to tell, and I can help pull you to shore!
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