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Someone always dreams of getting rich overnight, but never considers what their trading foundation looks like. This idea is extremely dangerous. The crypto market has always been brutal; three days of good luck can't withstand the next wave of volatility. Luck is consumed much faster than you imagine.
Those who truly survive in the market all hold the same truth in their hearts: not all opportunities are worth chasing, and in fact, the ones you don't understand are the easiest to suffer losses from.
**First Pitfall: Being Brainwashed by a Variety of Signals**
"Whales are building positions" "Institutions are starting to enter"—these kinds of phrases are flying around in the crypto world every day. But by the time you react, these signals are already outdated, and often they are even opposite to the actual trend. The truly reliable tools are the basic ones.
Mastering MACD and RSI indicators is far more practical than those hyped-up "god-level indicators." As for strategies like Martingale, if you don't understand their internal logic and just follow the trend, you're not trading—you're gambling with your life.
**Second Pitfall: Being Completely Cut by News**
This is the harshest. So-called positive news is often just using retail investors as stepping stones; negative news is frequently a trick to scare you into cheaply handing over your chips. Remember the ETF rumors flying everywhere, with everyone expecting a market surge, only for BTC to suddenly plummet. A bunch of people chasing news were instantly trapped. Trading based on news is a direct path to being harvested.
**Third Pitfall: Setting Your Goals Too High and Ignoring Basic Skills**
Many beginners look down on the basic indicators built into their systems, always wanting to try some special tricks. But honestly, those custom parameters are not magic—what matters is whether they match your trading rhythm. Quantitative parameters have no absolute good or bad; only whether they suit you.
Survivors in the crypto market never rely on news, luck, or fancy tricks. They succeed because they can read market trends, keep their positions steady, and control their emotions. When tools are used properly, rhythm is maintained, and greed is kept in check, you can truly stand firm amid volatility.
Let go of the dream of overnight riches, and focus on building solid trading fundamentals. Every step taken steadily is far more sustainable than reckless rushing and hoping for "luck." Market opportunities are never lacking; what’s missing is someone truly willing to settle down and lay a solid foundation. Avoid these three pitfalls, stay true to your trading core, and only then can you steadily move forward amid market fluctuations instead of being swept to zero.