Do you think trading coins can make you rich overnight? The truth is…

If you want to make big money in the crypto world, you shouldn’t think about getting rich overnight, after all, there is no profitable path that is ‘sitting back and enjoying the fruits’. Especially for beginners, being eager to try contract trading can bring a lot of trouble. Being too eager to make quick money can easily trap you in losses.

Trading coins is actually a slow process, not something that can be achieved in a short time. Many beginners think that investing a small amount can earn them millions in a short time; this ‘impatient’ mentality may ultimately lead to losing everything. Therefore, rational investment and maintaining risk awareness are the most important.

Understanding the project is the first step in investment. You can visit platforms like CoinMarketCap and CoinGecko to check the market capitalization and circulation of coins, and you can also learn about on-chain data through Messari and Glassnode to have a general understanding of the project. Of course, reading the white paper is essential to clarify the technology and application scenarios behind the project. If a well-known institution supports the project, that can generally provide some reassurance. Don't forget that the team's activity on GitHub can also indicate a lot.

In terms of investment strategy, building positions in batches is a good choice to avoid investing everything at once. The market is volatile, don’t be afraid, and patiently wait to add positions during pullbacks. Moreover, setting a stop-loss point is very important to avoid losing too much due to a single mistake. Trading coins also relies on technical analysis and market sentiment perception. When a particular coin gradually gains market attention, that may be a signal for its rise.

The most critical part is actually taking profits! Set reasonable profit-taking targets and sell gradually, don’t miss the best exit opportunity due to greed. Trading coins relies on strategy, patience, and a bit of luck; the myth of getting rich quickly is only achievable by a few, while most people need to be more grounded and steady.

Opportunities in the crypto world are not available every day; don’t be blinded by some superficially flashy projects. Trading coins is not about getting rich from a single trade, but about achieving long-term stable profits. The most important thing is: understand the market and do your homework, only then is it possible to sail far in this volatile ocean.