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Over the years of fighting in the crypto circle, I’ve discovered a truth: there are countless people trying to make quick money, but only a rare few survive to the next cycle.
I’ve seen too many jump into perpetual contracts hoping to turn things around overnight, only to gamble their accounts away and add crazy leverage, ultimately losing their principal. Their losses aren’t due to market judgment errors—they’re driven by greed.
After immersing myself in the crypto market for several years, I’ve avoided most pitfalls by sticking to four ironclad rules:
**Position size is the first line of defense** — Full position is a surefire way to die. Keep enough reserve to have bullets for a comeback if you make mistakes.
**Identify the trend’s direction** — Don’t waste time guessing the high point. Hold on as long as the trend isn’t broken. Don’t buy the dip at the lowest point; wait for confirmation of a reversal before entering.
**Set take-profit and stop-loss aggressively** — Making money is hard; protecting it is even harder. Strictly follow the risk-reward ratio, and your account’s growth will naturally keep pace.
**Trading relies on patience** — 90% of beginners lose money because they trade too often. The longer you wait, the more stable your earnings.
In simple words: don’t gamble everything, follow the trend, control risks, and trade less. Survive, wait for opportunities, and persist until the next cycle—only then can wealth be possible.