The risks in the crypto world are right in front of you; those who are unprepared will inevitably pay tuition. I have also gone through the inexplicable losses stage, and only after climbing out of the pit did I gradually clarify my thinking. Today, I’ll highlight a few key points—try to learn lessons without risking too much bloodshed.

**About Timing the Market**

During the day, information explodes, and it’s hard to tell what’s true or false. The market fluctuates up and down, and beginners are most likely to be shaken out. You might think you’ve caught some good news, but in reality, it’s already been precisely positioned by those who are well-prepared; when bad news floods in, the stock price has already fallen to the bottom. To reduce this noise and interference, avoid the chaotic daytime hours. The night trading session is actually more transparent, and the logic behind the fluctuations is easier to grasp. Trading at night can help maintain a steadier mindset.

**About Taking Profits—Don’t Dream**

Many people start dreaming of doubling their money once their account turns positive, but a single correction can wipe out all unrealized gains. The numbers shown in your account are not real money; only when you withdraw to your own account does it count. Instead of obsessing over every change in the numbers, develop a habit—whenever you make a profit, take out a portion first. The benefit of this approach is that your trading rhythm becomes more stable, and your psychology is less likely to be affected by account fluctuations.

**Don’t Rely on Luck When Entering Trades**

Trading purely based on feelings is just waiting for the market to punish you. Technical tools are used to improve success rates; moving averages tell you the direction, and MACD gives you a sense of rhythm. You don’t need to pile on complicated indicators—just choose tools you understand, can stick to, and can review repeatedly. That’s enough. Over time, your win rate will naturally increase.

**Stop-Loss Is a Discipline You Must Follow**

To survive long in this market, capital is the top priority. When the price hits your predetermined stop-loss point, close the position immediately. Hesitation at this moment is the biggest taboo. If you can’t monitor the market constantly, you must set proper stop-loss orders; otherwise, a sudden crash could wipe out your account entirely.

**Withdrawing Profits Should Also Be a Rule**

Once your account grows large, it’s easy to get complacent, thinking you can always earn it back. In reality, develop discipline—withdraw a proportion of profits weekly. This helps stabilize your account size and keeps your mindset clear, preventing you from getting carried away.

**The Three Most Common Pitfalls That Lead to Crashes**

Using too high leverage, frequently entering and exiting trades, and trading with borrowed money—these three combined are the main reasons beginners get wiped out. You often see someone get liquidated overnight, and it’s usually because of falling into these traps.

Trading is about logic and discipline, not impulsiveness or luck. Follow the rules, make fewer mistakes, and your progress will be much faster than most. It’s indeed hard to go far alone in this market; the key is to find a rhythm that suits you and stick with it.