Don't think about doubling your position in one step; this mindset will only accelerate your exit. The market has always been ruthless to newcomers—one uncontrollable loss is enough to make you exit early.



Want to survive the first year? Remember these five bottom lines:

The first is trading frequency. If you don't understand the market, stay out of it. This isn't missing an opportunity; it's protecting yourself. Frequent trading is the fastest way for beginners to go bankrupt, no doubt about it.

The second is stop-loss execution. You must set a stop-loss point before opening a position. If losses exceed 5%, exit immediately. Don't gamble or hold onto illusions—use cold, strict rules to lock in risk. That's the prerequisite for survival.

The third is position management. Divide your capital into 3-5 parts, with each position no more than 20% of your total capital. Even if you're caught in a position, you'll have enough ammunition to handle sudden market reversals.

The fourth is your circle of competence. Only trade markets you understand; don't be driven by others' gains. Blindly following the crowd is like giving money to the market makers. Stick to your own territory—sometimes missing out is smarter than making mistakes.

The fifth is emotional control. This is more valuable than any technical indicator. When experiencing consecutive losses, stop and stay calm; when making profits, suppress greed. Trading is always a game against human nature—only those with steady minds can laugh last.

The common pitfalls for beginners are nothing more than these: losing and trying to quickly recover, becoming greedy after a profit and failing to exit, or replacing a trading plan with gut feelings—these are all traps.

Just remember one thing—true opportunities are always reserved for those who survive. The market isn't short of opportunities; what’s missing is the capital to stay in the game. Start with small funds, do several rounds of exploration, stabilize your trading curve, and then consider increasing leverage.

Slow is fast, less is more. This isn't just motivational talk; it's the painful lesson learned from countless bankruptcy lists. Steady gains may not be flashy, but at least they are real and sustainable.
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BearMarketSunriservip
· 8h ago
Honestly, I never used a 5% stop-loss before, and I only understood when my account was wiped out.
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AirDropMissedvip
· 8h ago
Alright, it's the same old story. I’ve memorized all five bottom lines, but the key is that my mindset collapses when it comes to execution. Especially that 5% stop-loss; I want to set it, but as soon as I see the decline, I start fantasizing about breaking even... and you know how it ends.
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MissedAirdropBrovip
· 8h ago
Honestly, stop-loss is the most critical part. I previously failed to execute it properly and ended up getting wiped out. I appreciate the point about closing positions when you don't understand, which is a hundred times better than reckless trading. Only now do I realize the importance of diversifying positions; the 20% bottom line has saved me several times. The circle of competence is especially important; most people who follow trends have already fallen into traps. Mindset is the biggest enemy. When making money, greed can really cause you to give everything back.
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BlockchainNewbievip
· 8h ago
It's the same old story, but no one really listens. I just watch the people around me one after another follow the wrong example.
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WalletManagervip
· 8h ago
After reading this article, I think there is some truth but it is not comprehensive. I do not agree with the dead rule of 5% stop loss; it depends on the risk factor and on-chain data support—blindly executing can easily lead to being caught and liquidated. As for position management, I have deep insights. My multi-signature wallet setup is based on 3-5 parts, and controlling individual positions within 15% is more prudent. The most heartbreaking thing is still that phrase "those who survive"; principal is principal, and no matter how good the trading curve is, it cannot make up for the regret of exiting early. Newcomers are most likely to overlook the security of private keys. Earning more money is useless if you get drained by phishing contracts. It is recommended to first clarify your asset allocation before thinking about returns. Value investing is not slow; it’s waiting for the right risk factor to appear.
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