1. Risk Management Position Control: Single trade risk should not exceed 1-2% of total capital Stop Loss and Take Profit: Must be set in advance and strictly enforced 2. Mindset Avoid FOMO: Don't chase highs during a pump, don't panic sell during a crash Strictly Follow the Plan: Trade according to the system, not on feelings Patience: The crypto market is a marathon, not a sprint. Many big profits come from waiting, not frequent trading Continuous Review: Record reasons and results after each trade, summarize lessons If your mindset collapses, no matter how good your skills are, it’s useless. Whether winning or losing, always strictly follow the first rule 3. Asset Allocation Dollar-Cost Averaging: Regularly invest in coins you believe in long-term to reduce volatility risk Diversification: Don’t put all your funds into one coin; combine mainstream and potential sectors, but don’t over-diversify 4. Execution Ability Strictly Follow the Trading Plan: Before each entry, clearly write down Entry Reason Stop Loss Level Take Profit Target Position Size Maximum Holding Time Ironclad Trading Discipline: Cut losses immediately, never hold losing positions Take profits when targets are reached (or use trailing stops), don’t be greedy Stay out of the market if conditions don’t meet your rules Reject self-persuasion like “this time is different” 5. Analytical Ability Macro: Federal Reserve policies, Bitcoin halving cycles, overall market sentiment Fundamentals: Project team, real-world applications, token economic model Technical: Candlesticks, support/resistance, common indicators (moving averages, RSI, MACD, Bollinger Bands). Don’t blindly trust a single indicator In summary, survival (risk management) is above all else. Be the one who laughs last!