Many people entering the crypto world want to find a "quick way to turn things around." But what happens? These shortcuts often become a fast track to "losing everything." Today, we will dissect the truth behind these four major traps one by one.

**1. Chasing highs and selling lows: Emotional manipulation, addiction to cutting losses**

When prices soar, FOMO emotions ferment, and everyone fears missing the "last train," rushing to buy the dip—only to buy at the top. When the market reverses, account losses sting the nerves, and they can’t sit still anymore, hurriedly cutting losses and running away. Wait, you’ll find yourself always entering at highs and exiting at lows. Why? Because retail investors are always the last to know the information. Chasing highs and selling lows is basically handing your head to institutions.

**2. Futures leverage: Doubling returns, faster liquidation**

Leverage is a double-edged sword; it amplifies your dreams but also your nightmares. Misjudge the direction once, and when the price moves against you, forced liquidation happens immediately—your account is wiped out, or even debts accrue. The problem is, many people jump in without enough trading experience and risk awareness.

The solution is simple: control your position size, don’t use full leverage, and never push leverage to the limit. If you’re still exploring, staying away from futures is the wise choice.

**3. Margin trading and crypto loans: Borrowed money, losing the principal**

Investing with borrowed funds seems like a good way to "magnify gains," but in reality, it’s like using someone else’s knife to cut your own meat. When the market doesn’t follow your script, the costs of financing and the loss of principal hit you double, gradually dragging you into the abyss. Plus, the psychological burden is heavy, making irrational decisions more likely.

Invest with spare money. Borrowed money for speculation? That’s no different from gambling.

**4. Short-term trading: One thought leads to heaven, another to hell**

Short-term trading appears to be a "high-frequency profit gold mine," but it’s actually a skillful craft. Trading costs like commissions and spreads accumulate over time, eating away at your net gains. Moreover, a slight emotional slip can make market volatility spin you around. Most people don’t fail to make money—they fail to hold onto it.

High-frequency trading requires iron discipline and strong execution; most people’s emotions will surrender first.

These four traps can be called the ultimate nightmare for speculators. Many only realize what "comes quickly, goes even faster" means after falling into them.

Want to survive long-term in the market? Remember this: **Less is more, and stability is the key.**