#数字资产市场洞察 has been struggling in the crypto world for these years, and I have seen too many enthusiastic individuals ultimately return empty-handed. Every time someone complains, "Why do I always lose money?" I always point out the same question – almost without exception, they have stepped into these four pitfalls:

**Pitfall 1: Treating trading like a professional gambler**
Some people stare at the market every day, wanting to enter and exit dozens of times an hour, fearing that being in cash is "wasting opportunities". Little do they realize that with every fluctuation on the candlestick chart, trading fees and slippage are eating away at their principal. By the time the fees are accounted for, after three months, the principal can shrink by thirty percent. Real opportunities require patience; the more one tries to "fully utilize" the market, the more likely they are to be harvested by it.

**Pitfall 2: Betting on Leverage to Turn Things Around**
Common strategy: invest 80% of your wealth in one coin, then use 10x or 20x leverage. I have a friend who indeed made money with this strategy, but later he put all his funds into altcoins, and the project team ran away overnight, wiping his account to zero. Leverage amplifies profits while also amplifying risks - if the market fluctuates in the opposite direction by just 5%, your position could evaporate overnight.

**Pitfall Three: Greed in Taking Profits, Delay in Cutting Losses**
The most heartbreaking trap: wanting to cash out quickly after making 5%, yet fantasizing about a rebound after losing 30%. Some people watch the price break through the support level and still want to increase their position to lower the average cost, ultimately losing 80% of their account, with no capital left to recover. What the market fears most is not that you take profits too early, but that you cut losses too late.

**Pitfall Four: No Defense in Trading**
Trading based on feelings, without setting risk points in advance, always thinking "the market won't move like this." But the crypto market is just that capricious—one piece of negative news, a market crash, and your position can be halved. Not setting stop-losses is like driving without a seatbelt; it seems fine in everyday life, but when an accident happens, it can be fatal.

The people I know who have survived almost all consider stop-losses as an iron rule. Occasionally getting washed out and losing some fees is much better than permanently losing the principal. Ultimately, making money in the crypto market is not complicated: reduce ineffective operations, stay away from extremely high leverage, execute take-profit and stop-loss disciplines, and maintain a sense of awe.

Protecting your principal is the only way to wait for real opportunities.