#比特币与黄金战争 After years of navigating the crypto world, I realize that the trading disciplines that are often overlooked are usually the most critical.

Let's start with take profit and stop loss — these must be thought through before placing an order; never make last-minute decisions. Especially for stop loss points, once set, don't change them easily. Many people end up being liquidated because they keep adjusting their stop loss.

Another hard rule: calculate the risk-to-reward ratio carefully. If the risk of a trade already exceeds the potential profit, be mentally prepared to lose everything. This is a lesson to be applied to every trade.

The key point — small profits can be used to chase big trends, but only if losses are kept within a small range. Never gamble with large losses; that's a quick way to go bankrupt.

Also, beware of a trap: don't believe in the average cost theory. That stuff can be very harmful.

The reality is, truly understanding crypto assets requires going through at least two complete cycles. The first cycle involves losses and learning; the second cycle is about profit and capital preservation. This is not motivational talk, but a pattern.

The most practical point — the volatility of assets like $BTC is well known. Yet some people prefer to be liquidated rather than exit, just to avoid missing a big surge. Instead of doing that, it's better to honestly hold spot positions and give up long-term leverage. The crypto market is already volatile enough; there's no need to add leverage yourself to amplify risks.