Many people’s biggest problem with trading cryptocurrencies is that they don’t take it seriously. When I first got into the scene, I was the same—staying up late watching K-line charts, chasing every rise, selling on every dip, ending up with liquidation, insomnia, and anxiety. Only later did I realize I needed a different approach: treat trading as a job. Rest when it’s time to rest, execute when it’s time to execute, and don’t be nervous all the time.

The following seven points have all been verified with real money. Beginners should memorize them—they can help you avoid half of the pitfalls.

**Timing is crucial.** During the day, news is chaotic, rumors are everywhere, and the market reacts unpredictably. I now usually start trading after 9 PM, when news has been digested, the K-line charts are cleaner, and the trend is easier to see.

**Take profits immediately.** Don’t think you’ll get rich overnight. Suppose you make 1000U, withdraw 300U to your bank first, and keep the rest trading. I’ve seen too many people get jealous, thinking “I want to triple or quintuple my money,” only to lose everything in a pullback—no capital left. These are lessons learned the hard way.

**Indicators speak louder than feelings.** Entering based on “feelings” will definitely lead to liquidation. Before trading, check at least three indicators on TradingView; only consider entering if at least two agree on the direction. Don’t find it troublesome—this is your safety net.

**Stop-loss must be flexible.** If you can monitor the market constantly, move your stop-loss upward as the price rises to lock in profits. If you can’t watch all the time, set a hard stop-loss at 3%, which will execute automatically—don’t be soft-hearted.

**Plan your withdrawals.** The numbers in your account aren’t real money until you transfer them to your bank. Take out 30%-50% of each profit—don’t keep everything on the exchange hoping to tenfold your money. This is your last line of defense.

**There’s a trick to reading K-line charts.** For short-term trading, focus on the 1-hour chart; two consecutive bullish candles are a good sign to go long. If the market is sideways, switch to the 4-hour chart to find support levels; enter when the price approaches support. Different timeframes serve different purposes—don’t confuse them.

**Avoid these pitfalls at all costs.** High leverage and heavy positions are like a meat grinder; unrecognizable altcoins are just money burners. Limit yourself to a maximum of 3 trades per day (don’t overtrade out of greed). And most importantly—never borrow money to trade. If you don’t have money, wait. Don’t borrow, really don’t borrow!

In summary, it’s about attitude: treat trading like a job—be disciplined, follow methods—this is a hundred times more reliable than blindly following the crowd. If you do this, beginners can at least avoid half of the detours and steer clear of most liquidation traps.