Many people think trading cryptocurrencies is too simple—just buy low and sell high. Only after you actually enter do you realize that in the crypto market, the hardest part isn’t judging the market trend, but keeping your impulses in check.

These are the trading iron rules I set after stepping into traps—each one is grounded in hands-on experience:
First, don’t be swayed by emotions. Don’t chase at the peak during a blowout rally; don’t cut losses in panic during a crash. Chasing into a rise and getting stuck, or selling as prices fall and watching the price run away, are all caused by human nature.
Second, never go all-in to stake everything. Going all-in is like betting your whole net worth, and your mindset is very likely to collapse. Only by keeping enough reserve funds can you calmly handle market fluctuations.

Trading takeaways:

1. If the direction is unclear, resolutely stand aside and don’t make subjective predictions about the market.
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2. Trade less during sideways consolidation and range-bound oscillations; frequent trading will only keep you losing money and throw off your rhythm.