[Cryptocurrency Trading Iron Law: "Three Pitfalls to Avoid" + "Six Mindset Principles", Newbie Can Also Maximize Profits]

To avoid pitfalls and make more money in Cryptocurrency Trading, there are two core things: steer clear of guaranteed loss traps and remember the principles of making money!

These 3 things should be absolutely avoided; touching them will surely lead to losses:

• Do not chase highs and sell lows: Remain calm and observe when others are frantically buying, decisively position yourself when the market is in panic selling; contrarian actions are the key to profit.

• Do not over-leverage: Going all in at once is gambler-style speculation. The market is always full of opportunities; keeping enough principal allows you to catch the next wave of market trends.

• Avoiding Full Position: Full position = cutting off the escape route; when prices rise, there is fear of a pullback, and when prices drop, there are no coins to add. Leaving some room allows for flexible responses to fluctuations.

6 Practical Mindsets, Follow Them to Make Money:

1. Consolidation looks for a breakout: High-level consolidation waits for new highs, low-level consolidation waits for new lows, take action only when the direction is clear, and do not act as a "whale" during fluctuations;

2. Don't act blindly during sideways markets: During a sideways market, watch more and act less; controlling your hands means making a profit, and frequent trading will only waste transaction fees.

3. There are principles of Yin and Yang: buy on the lows of a bearish candlestick, take profits in batches on a bullish candlestick, and use contrarian thinking to avoid retail traps;

4. Rhythm-based operation: be cautious in bottom fishing during a gradual decline (easy to keep falling), be bold to enter during a sharp decline (high probability of a strong rebound);

5. Pyramid Building: Buy more as the price drops, with decreasing amounts added each time, controlling risk while amplifying returns;

6. Breakout determines life and death: After a significant rise or fall, there must be a consolidation. Be decisive in clearing positions when breaking down from high levels, and follow up when breaking through from low levels, without going against the trend.

In fact, there are no shortcuts to making money from Cryptocurrency Trading; it relies on discipline and patience. Stick to the "three avoidance pitfalls" baseline, use the "six heartfelt methods" strategy, avoid following the crowd, and don't guess the peak, steadily capture the profits of each market wave!

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