Trading cryptocurrencies sounds simple, but in reality, it's a battle against your own desires. When I first entered the market, I would wake up every day and rush to check the prices on my phone—excited when it rose, devastated when it fell. At that time, I thought I was "studying the market," but now I realize that was just a typical rookie behavior driven by dreams of getting rich quickly.

After so many years of experimenting, experiencing countless cycles of chasing gains and selling at lows, staying up late watching charts, making money one moment and losing it the next, I’ve gradually seen through it: crypto trading is not about gambling on size, but a form of cultivation. No more nonsense—here are six lessons from my own pitfalls, hoping to help everyone avoid some detours.

**First Pitfall: Rapid Rise Followed by Slow Decline, Don’t Rush to Cut Positions**

I once liked SOL; after a 15% increase, it started to slowly decline. I impulsively sold it, only to see it hit a new high a few days later. It was only then I realized—this is a shakeout. True tops don’t give you a chance to think; a big bearish candle drops suddenly, and you can’t react at all. A slow decline is usually the main force testing the waters, seeing how many retail investors get scared out. If you panic and sell, you just become their prey.

**Second Pitfall: Sharp Drop Followed by Weak Rebound, Don’t Try to Catch the Bottom**

BTC recently fell 20%, then rebounded slightly by 3%. I almost jumped in to buy cheap, but I held back, and it fell another 10%. That small rebound was actually a "bait" set by the big players. They see your reluctance to cut losses clearly, and then they quietly slip away during the rebound. The true bottom takes time to solidify; it’s not something that can be done in a day or two. That fleeting weak rebound is not worth risking real money on.

**Third Pitfall: High Volume at the Top**

This detail is often overlooked. A sudden surge in trading volume is usually the last frenzy, and the next move is likely to be a reversal.

**Fourth Pitfall: Technical Indicators Become Ineffective**

Indicators like RSI and MACD can fail in extreme market conditions, so don’t rely on them completely.

**Fifth Pitfall: Volatility Around FOMC Meetings**

Every Federal Reserve decision shakes the market. Trying to position yourself in advance is too risky.

**Sixth Pitfall: Mindset Management Always Comes First**

All other technical skills are secondary. Surviving and lasting long in the market is the only way to have a chance to make big money.