#美联储回购协议计划 Crypto enthusiasts all understand these principles, yet they repeatedly stumble in actual trading. I’ve compiled some often-overlooked but crucial trading disciplines, simply put, ways to survive longer.

First, you must have a clear exit plan before entering a trade. This is not empty talk; take profit points must be locked in advance—too many people give back all their gains out of greed. At the same time, stop-loss positions should be decided before pressing the buy button; if possible, don’t move them later.

The risk-reward ratio may seem simple, but it is the underlying logic of trading. Every time, ask yourself: what is the worst outcome I can tolerate? Can I accept losing everything? Only after calculating this can you place an order.

Position management has a simple truth: you can pursue big gains with small positions, but never gamble on a big loss to turn things around. This is the foundation of survival.

Don’t be too superstitious about average cost. Many rely on continuously adding to their positions to "average down," but in a bear market, they sink deeper and deeper. Sometimes admitting loss and exiting is much wiser than self-deception.

Mastering this market takes time. The first cycle is the tuition fee—gradually understanding the market’s temperament through losses; only the second cycle can lead to steady profits. Skipping the first cycle is almost impossible unless you’re very lucky.

The volatility of the crypto market is crazy—after watching it a few times, you’ll understand. Many prefer to be liquidated rather than cut losses and exit; the final choice is often spot holdings, abandoning high-leverage fantasies. Long-term leverage is like sleeping in a casino—problems will come sooner or later.

The essence of trading is to survive and make money, not to make a big fortune and then disappear. These rules may seem old-fashioned, but they shine brightly in any market cycle.