In the crypto world, you can soar to the sky or fall back to square one in an instant. Have you ever thought about it? The same market conditions, some people multiply their holdings hundreds of times, while others keep losing money. The root cause isn't the market; it's people.

I once met an old trader who initially invested only 100,000 yuan, and now his account value has exceeded 40 million. Once, he casually said something I still remember—"This market is just a cash machine. As long as you keep your emotions steady, opportunities will come naturally."

This remark enlightened me. The crypto space isn't just about technical analysis or luck; the core is whether you can control your emotions. If your mindset is broken, even the best technical skills are useless. I learned a lot from this veteran, and today I want to share these practical experiences in hopes of helping you avoid pitfalls.

**Don’t rush to become rich overnight**

Many newcomers want to make big money immediately, but that’s unrealistic. Don’t jump in at the first sign of a trend; learn to test the waters. Start with small amounts, understand the market’s temperament, then increase your position. Reckless moves often lead to losses.

**Sideways trading isn’t a waste of time; it’s a golden opportunity to bottom fish**

Many people get anxious during sideways markets, but in reality, this is the perfect time to make big money. When prices repeatedly oscillate and hit new lows at the bottom, it’s time to heavily buy the dip; conversely, when prices consolidate at high levels and then surge, it’s time to sell decisively. Learn to judge support and resistance levels to steadily profit amid volatility.

**Don’t be greedy when prices surge; be brave when they plunge**

When the market pushes upward, many are still watching forecasts, but this is actually the best time to sell. When prices plunge and the market is crying out for help, that’s the real opportunity. During sideways phases, stay patient and don’t act rashly. Capture every rebound and pullback to stay ahead as a winner.

**Timing your buy and sell points carefully**

The logic is simple—be cautious when others are greedy, and act when others are panicking. Buy on red candles, sell on green candles. A sharp decline in the morning can be an entry point; a sharp rise suggests reducing your position. Don’t blindly chase highs or sell lows—that’s the fate of retail traders.

**Finally, stop-loss and risk management are your protective charms**

Beneath the calm surface, there are hidden currents. In crypto, full positions are like gambling your life. Learn to stagger your entries, cut losses promptly, take profits when due, and stay alert at all times. Those who get wiped out aren’t because the market is bad—they lack patience and discipline, and are overwhelmed by emotions.

It all sounds simple, but behind it are countless trading lessons. Every decision isn’t luck but calm judgment and self-control. Opportunities in crypto are never lacking; what’s missing is the patience and composure to endure.