Many people lose money trading cryptocurrencies, and the fundamental reason is simply that they can't control their hands. Seemingly casual entries and exits are actually gambling with their lives. The truly consistent profitable traders rely not on luck but on a strict discipline system.

First, position is crucial. Do not open a position outside key support or resistance levels. Market fluctuations in the middle range may be tempting, but that's not the right time to get in. Only when the market hits a clear technical level is it a genuine signal.

Second, the trend must develop on its own. Want to trade a reversal? That's entirely possible, but only if the market has already broken through a key level and confirmed a change in direction. You can't expect a reversal just because you think it should happen; let the price do the talking.

Third, your trading system is the only commander. No signals, no action. It sounds simple, but most people can't do it. Patience in waiting is itself a skill to make money.

Fourth, stop-losses must be identifiable. If you haven't thought through where to set your stop-loss before opening a position, then you shouldn't be trading that order at all. Without defined risk, how can you talk about profit?

Finally, the most overlooked rule: abandon a trade if the potential loss is too large. When the possible loss far exceeds the expected gain, even the best opportunity should be rejected. Risk should always be less than reward.

Following these five iron rules is easy to state, but the real difference lies in execution. Those who make money are strictly following this system.