Trading ultimately is a psychological battle. I have summarized 15 pitfalls I've encountered in the crypto world over the years and the principles I've learned. Sharing them with everyone.

First, only when you're alive can you make money. Preserving your principal is the first bottom line of investing. Greedy people often die in the last wave of the market; this is a well-known but eternal truth. Stable small profits are actually the key to long-term survival.

Second, avoid full positions, avoid heavy positions, and avoid frequent trading. It sounds simple, but it's very difficult to execute. Many people can't resist when the market starts moving, and such actions will eventually pay the price. Build positions slowly, sell quickly, and never hesitate when cutting losses.

There is an unchanging rule in the market—extremes will reverse. Money can be earned endlessly, but once losses start, they can quickly be wiped out. That's why the more unconditional your stop-loss is set, the longer you can survive. Many failures happen because people can't bear to cut losses at the critical moment.

Regarding profits, whether short-term or long-term, securing your gains is always the best strategy. Stop trading once your target profit is reached; don’t try to capture the entire market in one go. In reality, missing some opportunities is normal, and capturing part of the gains is already quite impressive.

The last and most difficult rule: learn to wait. Waiting for an opportunity is a hundred times more valuable than searching for one. When there’s no market movement, don’t be idle. Use calm patience to turn waiting into profit, not frequent operations. Maintain a good mindset, strictly follow your trading plan, and only then can you withstand temptation. Unity of knowledge and action—that’s the principle behind this.