I've seen too many people get caught up in trading, so I want to write down some practical points.

**The first misconception is overcomplicating things.** I've seen people stacking more than ten moving averages on charts, using all kinds of indicator tools, and drawing lines manually for analysis, as if anything less than complexity isn't professional enough. The truth is quite the opposite—the more complex the system, the easier it is to collapse amid market volatility. The logic of trading is actually quite straightforward: when multiple moving averages diverge upwards, that's a bullish trend; there's no need to worry about false breakouts. Conversely, when moving averages are arranged downward, that's a bearish trend; don't expect miracles like bottom fishing. Looking at Bitcoin's performance from August to September this year, the weekly moving averages remained upward, despite some pullbacks, the trend never broke. If at such times you're still pondering "what are the main funds thinking" or "are there any negative news," you're probably going to miss this major upward wave. To be honest, complexity is never inherent to the market itself, but to the trader's mind.

**The second key point is to follow the trend.** Someone asked me whether they can still enter the market as the trend rises so much. My answer has always been: in a trend, betting isn't about right or wrong, but about probability. In an upward trend, every dip becomes a buying opportunity because small pullbacks amid big rises are normal; similarly, in a downward trend, every rebound signals a shorting opportunity because rebounds after sharp declines are inevitable. Recently, non-farm payroll data exceeded expectations, causing the dollar to strengthen and putting short-term pressure on cryptocurrencies. But from a larger cycle perspective, the moving averages are still in a bullish arrangement. At this point, follow the trend, set your stop-loss below key support levels, and the risk-reward ratio becomes favorable. Trading against the trend is like trying to catch a flying knife—sometimes it works, but most of the time it just bleeds.

**The third hurdle is timely stop-loss.** The most common mistake among retail traders is taking profits and then rushing to exit, but when they lose money, they start gambling on luck, hoping for a rebound. This mindset fundamentally stems from a false sense of risk. Losses are always accumulated through a series of "wait and see" moments. Setting a proper stop-loss and strictly adhering to discipline is more effective than any technical analysis. The market is always here; there's no need to gamble on the next win.