Having navigated the crypto world for these years, from being frequently liquidated in the beginning to now consistently making profits, I’ve stepped on quite a few pitfalls along the way. Going through these experiences has made me realize how important those seemingly simple principles are.

First of all, mainstream coins are now my main battlefield. Assets like $BTC and $ETH with ample liquidity and clear fundamentals are far more reliable than unknown small coins. Rumors about altcoins are everywhere, making them easy targets for being exploited. This lesson was paid for with real money.

Position management is the prerequisite for survival. I never go all-in at once; I always divide my funds into several parts. This way, even if one judgment is wrong, there’s still a chance to turn things around. Stop-losses can’t just be talk; they must be genuinely executed. It’s human nature to feel distressed when seeing floating losses, but holding on in hope of a rebound often results in deep losses. Preserving capital is the fundamental principle of trading.

Regarding trading rhythm, I’ve long since broken the bad habit of trading frequently. When the trend is unclear, I stay on the sidelines. A high-confidence opportunity is more valuable than ten ambiguous trades. After securing profits, I take the money and run, avoiding greed for that last percentage point—because many people end up getting wrecked at this stage.

The last point is mindset: don’t be swayed by calls or follow the crowd blindly. Gradually build your own trading system. There are no shortcuts in the crypto world. Discipline and a steady mindset are the keys to long-term success.

$XRP