Crypto Assets trading pairs are full of temptation for Newbies, and many are eager to make substantial profits in a short period. However, true success lies in long-term survival and steady development. As a Crypto Veteran with 8 years of experience in this field, I have summarized 15 key principles that can not only help Newbies avoid 90% of loss traps but also serve as the foundation for ensuring long-term survival in this rapidly changing market.

The primary principle is to protect the principal. This is not just a suggestion, but a key to survival. There have been traders who lost all their funds due to one full-position trade and subsequently left this field. Remember, without capital, you lose the qualification to participate in future opportunities. Before each trade, carefully assess the maximum loss you can withstand. For example, if you have a principal of $10,000, your loss in each trade should not exceed $500. This way, even if you incur consecutive losses, you still have a chance to make a comeback.

Secondly, one must abandon the fantasy of getting rich overnight. Excessive greed often leads to significant losses. Many traders are not satisfied with a 20% profit and expect a 50% return; when they achieve a 50% profit, they desire to double it. The result is often a market reversal, where not only do profits vanish into thin air, but they may even lose their principal. I have also made similar mistakes, watching 30% profits disappear completely due to greed.

In fact, stable profits are not out of reach. For example, with a principal of $10,000, if each trade can consistently achieve a profit of 5% to 10% and take profits in a timely manner, substantial returns can be accumulated over the long term. Although this strategy seems conservative, it can ensure the safety of funds and continuous profits.

In the Crypto Assets market, success is not about how much you can earn in the short term, but about whether you can survive long-term and continue to profit. By following these principles, Newbie traders can significantly reduce risks and increase their chances of survival and growth in this market full of opportunities and challenges. Remember, steady progress and gradual advancement is the way to lasting success.