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Why do some people always say "there's not enough money to survive in the crypto world," while others have achieved considerable gains starting with just $1,500? The key often isn't the size of the capital but the trading mindset. My practical summary is: don't let wrong methods ruin your principal.
Looking back at the pitfalls I've stepped into, crypto beginners are most likely to fall into these three traps:
**First trap: Going all-in and betting on luck.** Hot-headedly putting all your assets into a certain coin, dreaming of doubling overnight. When the market jitters slightly, you get liquidated, and the game is over.
**Second trap: Following the crowd without thinking.** Lacking your own judgment, doing whatever others say, often ending up as the last one to take the hit.
**Third trap: Emotional trading.** Getting anxious when prices rise, panicking and selling at a loss, or greedily chasing high when prices fall. Your account money gradually evaporates in this constant tug-of-war.
I managed to turn $1,500 into $58,000 in two months, not because of some magical prediction technique, but by strictly adhering to three disciplines.
**Discipline One: Split your funds and strictly control your positions.** Divide $1,500 into 5 parts, each $300. Treat each as an independent army, fighting on your own. Even if one trade loses, you still have other "troops" to continue fighting. The benefit of building positions in batches is that you can average your costs; a single bad judgment won't kill you. I never let a single trade lose more than 10% of the total account, so even if you hit several stop-losses in a row, there's still room to breathe.
**Discipline Two: Set stop-loss points and execute without hesitation.** This is for survival. Before entering each trade, decide where to cut losses. I never allow a loss exceeding 5%. Stop-loss is like surgery—sometimes cutting a little hurts, but not doing it can be deadly.
**Discipline Three: Trade with rhythm, avoid frequent reckless moves.** You don't need to operate every minute. Sometimes, holding cash and observing is more valuable than impulsively buying or selling. Wait for the right opportunity, then act precisely.
These may seem simple, but very few can truly stick to them. Most people fail due to lack of execution. Small capital isn't the problem; the method is the foundation of everything.