What are the four mindsets and five key skills that a successful cryptocurrency trader should have to survive in the market for a long time?

1. Do not become arrogant and complacent when making a profit

An arrogant person ultimately destroys themselves in their pride. In the process of investing and managing finances, if a person becomes proud and complacent after making a profit, there will always come a day when they will lose money. The reason is that a proud and complacent person will not listen to the opinions and suggestions of others due to a small achievement. Even when the market changes, they will stubbornly believe in themselves and think that their decisions are always right, while neglecting risk prevention, which may ultimately lead to losses.

2. Do not rush to make up for losses

It is normal to have gains and losses in cryptocurrency trading. After discussing profits, let's talk about losses. Profits can make some people arrogant and complacent, while losses can trigger many people's desire to recover their losses. However, recovering losses depends on timing; rushing to make up for losses can lead to irrational decisions. For example, some people, eager to recover losses, may bet all their trading capital on a particular asset that seems to have great "profit potential." However, the market is always unpredictable and uncontrollable. If that stock falls, not only will they fail to recover their losses, but they may also incur even greater losses.

3. Do not be greedy for quick gains

Accumulating wealth through trading and investment is a long process. If, during this process, one is both greedy and seeks quick profits, it will be nearly impossible to achieve wealth growth. This is because both of these mentalities lead people to blindly chase profits; when faced with high returns, they lose their rationality. However, high returns mean high risks, and blind investment can only lead to failure. Only by pursuing stable growth of wealth can one balance risk and profit.

4. Do not be overly concerned with gains and losses

Yingying believes that investors who are overly concerned with gains and losses often hesitate for a long time before investing, fearing that their money will incur losses. Once they finally make the decision to invest, this mindset becomes even more pronounced. As soon as they see their account balance decrease, they become anxious and irritable; if it decreases too much, they either withdraw their investment or seek insider information in hopes of quickly recovering losses, which ultimately usually ends in losses. $BTC $XRP $SOL