#Gate广场新手村

When I first entered the crypto world, I was attracted by various get-rich-quick myths and insider information, blindly following the trend to buy in, resulting in heavy losses. My biggest lesson was entering the early pancake's cake at 20U due to FOMO, following my friends. As a result, I was directly stuck for years without it returning to the 20 price. Although I still hold it, I've already given up on the idea that it will return to my cost. Also, do not trust any so-called teachers or group friends; most of them treat me more like a fool than a friend. I should learn and research projects on my own, independently judge the value of projects. Only by doing so can I truly understand, hold on, and make correct decisions during market fluctuations.

The volatility in the cryptocurrency market is beyond imagination. I once couldn't bear to cut my losses and watched helplessly as my losses widened, even to the point where I couldn't sleep well. The next day, I directly closed my position and took the loss. Later, after learning more from the big players in the market, I understood how important it is to establish a clear trading plan and strictly adhere to it. Cutting losses is not giving up; it's about protecting your principal and preparing for the next opportunity. The same goes for taking profits—don't be greedy; when it's time to act, just act.

The volatility in the cryptocurrency circle is normal, not an exception. From the initial shock and fear to now being able to face the ups and downs calmly, I have learned to coexist with volatility. Do not let the price dictate your emotions; stay calm and rational. Your mindset is one of the key factors determining how far you can go in the cryptocurrency space. Set stop-losses to avoid being emotionally influenced by constantly staring at the market.

I hope these experiences can be helpful to everyone. This is just the beginning; the world of cryptocurrency is vast and requires continuous learning and exploration. I am also still striving to learn and improve.