People in the cryptocurrency circle can increase their value 50 or 100 times overnight, but they can also instantly lose everything. Trading contracts in the crypto world is like a heartbeat, thrilling and more stimulating than a roller coaster. Have you ever experienced consecutive losses and frequent liquidations? And then felt frustrated and regretted your decisions? Are you eager to get back your losses but end up sinking deeper? You fantasize about the scenes of success, but reality keeps slapping you in the face? This is something every trader goes through, and you and I are no exception! Have you ever experienced consecutive losses and frequent liquidations? And then felt frustrated and regretted your decisions? Are you eager to get back your losses but end up sinking deeper? You fantasize about the scenes of success, but reality keeps slapping you in the face? This is something every trader goes through, and you and I are no exception! Here are a few summarized points that I believe can help you: 1. Mindset and Emotional Management Mindset and emotional management do not mean that you cannot be happy when you profit or cannot feel frustrated when you lose, nor does it mean you should become an emotionless robot! Instead, it means you should first firmly believe in your success in your heart, believe that the current losses are only temporary, and truly establish a positive belief system. Secondly, when losses occur, you should maintain a rational and calm mind, avoid blindly placing orders, and be able to analyze correctly and operate rationally. This is crucial. 2. Continuously Improving Trading System Remember, trading is not gambling, but it indeed has a probabilistic nature. You must continuously summarize and explore a trading system that suits you in long-term trading. Establish your own trading rules in various dimensions such as indicator analysis, position sizing, take profit and stop loss, and long and short cycles to constrain yourself and determine your trading instead of acting blindly; otherwise, you will enter an unlimited deadlock! 3. Money Management There is a saying, 'As long as there are green mountains, you don’t have to worry about firewood.' You must not have a gambling mentality; it is very dangerous because once you have this thought, in most cases, the market will fulfill it and lead you to total despair! You must strictly control this point and summarize your maximum consecutive loss occurrences to manage your funds, ensuring that you must have the opportunity to turn things around. 4. Technical Analysis This is very important. If you don't have any technical knowledge, you must not place orders because that is gambling on luck, and you will definitely fail. This is very scary! Learning technical indicators.