Newbie newbie can avoid at least a few years of detours after reading!

If you are in a losing position with your contract and you want to turn your losses into profits, then you need to read this article carefully. Follow the six points below to ensure that you can achieve profitability 100%.
1️⃣Learn to take profits and cut losses
The market changes rapidly, and you must learn to take profits and cut losses. This isn't as difficult as it sounds. Taking profits is about controlling your greed; no coin will rise indefinitely, nor will it fall continuously—there are cycles. Therefore, taking profits becomes especially important. Don't always worry about having closed your position too early and missing out on further profits! You must remember that the money in the crypto world is never-ending, but the money in your account can be lost completely.
Stop-loss means giving up on sunk costs, which is also very difficult. Don't always think that if you just hold on a bit longer, the market will reverse in the next second. Never think like that. If you're wrong, you're wrong; you have to admit it. When you're being hit, stand at attention. Although it's painful to sever a limb to survive, it can truly save your life.
2️⃣Do not trade frequently
It's a big taboo to always think about making profits from both sides, right? Wake up, not many people can achieve that; it's enough to be satisfied with making profits from one side. Another point is the transaction fees. It's manageable with low leverage, but with high leverage, it becomes painful. As soon as you open a position, you lose 1-2 percentage points of profit. You need to ensure that this trade can be profitable; otherwise, opening it is meaningless, and your earnings will all go to the market makers as fees!
3️⃣ Learn to stay out of the market
When you don't understand the market trends, don't blindly open positions. At this point, you might say that missing out on the market is painful. So I have to ask you, which is more painful: missing out or losing money? Not understanding the market and blindly opening positions without a clear direction is no different from gambling!
Trading emphasizes having a probability advantage; no one can accurately predict whether the market will rise or fall. The market changes too quickly, so one can only say that it is more likely to rise or fall.
4️⃣Step by step
Don't always think that you can become a big fat person in one go; haste makes waste!
The crypto world won’t make you rich overnight. For example, if you invest 100 and leverage it 10 times, your position is 1000. A 1-point increase earns you 10, and a 2-point increase gives you 20, which is enough for a breakfast. Nowadays, working in a factory pays about 15 per hour. If you can manage three to four trades a day and maintain a win rate of 60-70%, it’s more comfortable than working in a factory.
5️⃣Do not go all in with heavy positions.
Absolutely do not go all in with heavy positions; if something unexpected happens, you could lose everything. For example, if the market is expected to rise but suddenly a major news event causes a sharp reversal, and you haven't set a stop-loss, then it's game over! So, don't rush into it; always trade with light positions, prioritizing stability. The crypto space is not short on market movements or opportunities; they will always be there, at least for the next 10 to 20 years. Therefore, don't be fooled by the illusions in front of you!
6️⃣ must know and act in unity
This point is indeed quite difficult, including sometimes I cannot fully achieve it; the weaknesses of human nature are hard to grasp!
I was once a newbie too. I didn't understand these basic questions at first, blindly opening positions without a plan! After being in the industry for a while, you'll realize that the crypto world can really change your destiny! The premise is that you must have a mindset that far exceeds others, the courage to take risks, the decisiveness to cut losses in time, and the determination to survive at all costs! Otherwise, you'll never become one of the 1% destined to succeed!