1. Risk Management Position Control: Single trade risk should not exceed 1-2% of total capital Stop Loss and Take Profit: Must be set in advance and strictly enforced 2. Mindset Avoid FOMO: Don't chase highs during a pump, don't panic sell during a crash Strictly Follow the Plan: Trade according to the system, not on feelings Patience: The crypto market is a marathon, not a sprint. Many big profits come from waiting, not frequent trading Continuous Review: Record reasons and results after each trade, summarize lessons If your mindset collapses, no matter how good your skills are, it’s useless. Whether winning or losing, always strictly follow the first rule 3. Asset Allocation Dollar-Cost Averaging: Regularly invest in coins you believe in long-term to reduce volatility risk Diversification: Don’t put all your funds into one coin; combine mainstream and potential sectors, but don’t over-diversify 4. Execution Ability Strictly Follow the Trading Plan: Before each entry, clearly write down Entry Reason Stop Loss Level Take Profit Target Position Size Maximum Holding Time Ironclad Trading Discipline: Cut losses immediately, never hold losing positions Take profits when targets are reached (or use trailing stops), don’t be greedy Stay out of the market if conditions don’t meet your rules Reject self-persuasion like “this time is different” 5. Analytical Ability Macro: Federal Reserve policies, Bitcoin halving cycles, overall market sentiment Fundamentals: Project team, real-world applications, token economic model Technical: Candlesticks, support/resistance, common indicators (moving averages, RSI, MACD, Bollinger Bands). Don’t blindly trust a single indicator In summary, survival (risk management) is above all else. Be the one who laughs last!

1. Following the crowd without your own trading basis • Chasing high mindlessly when seeing KOL calls, group messages, news about “100x coins” or “about to be listed.” • Completely neglecting DYOR (doing your own research on whitepapers, teams, tokenomics, contract security). • Reacting impulsively, panicking when others make money and also panicking when others lose money. 2. Chasing highs and selling lows, always small profits and big losses • FOMO buying during price rises (buying at the peak), panic selling during drops (selling at the bottom). • Quickly taking small profits but stubbornly holding onto big losses hoping “it will bounce back,” resulting in deeper losses. • Classic mistake: entering at the end of a bull market and exiting mid-bear market. 3. Emotional trading with very unstable mindset • Price fluctuations directly affect mood, causing sleepless nights and repeatedly refreshing candlestick charts. • Easily manipulated by shakeouts, spikes, and fake breakouts. • Blaming KOLs, projects, whales, or exchanges when losing, rarely reviewing one’s own mistakes. 4. Greed + all-in with leverage • Fantasizing about “turning it all around in one shot” and “financial freedom,” favoring all-in and high-leverage contracts. • Especially interested in altcoins, low-quality tokens, Meme coins, and new projects, wanting to try everything. • No profit-taking or stop-loss, almost zero position management. 5. Significant information and cognitive gaps • Only know coin abbreviations, lacking understanding of fundamentals and technical analysis. • Selectively believe positive news while ignoring risks. • Mistaking luck for skill, feeling like a trading genius after a few small wins