Many people enter the crypto market, have read a lot about technology, but are most likely to fail due to their mindset. Instead of studying a thousand trading strategies, it's better to understand these key points first.

**Using spare money is the prerequisite for survival**. Looking back at the stories in the crypto world, those who truly survive are not the ones with the strongest technology, but the ones who protect their principal the best. As long as the principal is intact, a bull market will eventually come; if the principal is gone, even the best market conditions are just someone else's feast. This is not conservatism, but clarity.

**"This time is different" is the most expensive five words**. The market repeatedly teaches those who believe in its uniqueness through crashes. Holding on stubbornly, to put it bluntly, is a form of slow self-destruction; true professional traders are actually willing to cut losses. The term "stop-loss," from another perspective, is about leaving yourself a way out.

**Making some money doesn't mean you've "achieved enlightenment"**. This is the most dangerous moment. When prices are rising, everyone is a genius; when they fall, you see who really understands. The crypto market is like an emotional amplifier—you should leverage volatility, not be hostage to it. Stay calm when others are greedy, act when others panic—this is not against humanity, but the essence of trading.

**Separate fantasy from reality**. When prices are rising, you can't hold; when they fall, you stubbornly hold on—this is the standard process for retail investors. Ask yourself: Do I really understand this project? How much can I lose at most? If you can't answer, you shouldn't be fully invested.

One last truth: the weight of emotions and chips often outweighs fundamentals. Be picky when buying, patient when holding, and decisive when selling. You're not here to beat the market; you're here to control your desires.