The most common mistake beginners make when entering the crypto space is thinking about getting rich overnight. The more anxious you are, the harder you lose. I've seen too many people cycle through this—profiting and feeling proud, losing and blaming everything else, never reflecting on why they keep stepping into the same trap. This time, I’ll share my core insights after pulling myself out from the brink of liquidation, hoping to help you avoid years of detours.

**Candlesticks and trading volume never lie, but people often do**

Don’t believe everything a big influencer says or a comment that brags about a coin. True market signals are hidden in candlesticks and trading volume. I’ve seen many jump in after a coin rises 50% in the short term, only to find the whales have already left, and they’re stuck at the top. Price movement is the only truth—rather than listening to others’ words, focus on the numbers on the chart.

**You don’t need to be an expert with tools, but you must understand them**

Indicators like MACD, KDJ, and moving averages aren’t complicated. You don’t need to be a technical analysis master, but you must understand the basic logic—just like learning to brake before driving. I’ve seen people who don’t even understand what Gas fees are, and one transfer cost them thousands. Without a solid foundation, falling is only a matter of time.

**When emotions collapse, your funds are at risk**

Getting excited after a small gain or panicking after a loss—this is a common flaw among retail investors. Chasing highs and selling lows, frequently placing orders—these are driven by greed and fear. The market won’t soften just because you’re anxious. Long-standing traders aren’t necessarily the best at making money; they’re the ones who stay calm.

**These three iron rules, break one and you should exit**

First, always set a stop-loss for every trade. Not because you’re cowardly, but to protect your capital. Bitcoin can drop 20% in a day—without a stop-loss, it’s like gambling with your life. Second, never go all-in. Putting all your assets into one trade won’t make you happy if you win, and will become a death sentence if you lose. Third, learn to give up—don’t chase coins you don’t understand, don’t pursue markets you’re unsure of, and holding onto losing positions is the dumbest choice. Staying alive is the only way to catch the next wave.