In the crypto market, every liquidation has a trace to follow. Many traders blame their failures on bad luck or overly crazy market conditions, but the real problem often lies within themselves.

Let's first look at some of the most common pitfalls:

**Leverage may seem like a money-making magic tool, but in reality, it is a double-edged sword.** Take 10x leverage as an example; it sounds great because it amplifies gains, but think about it—if the price moves just 10% in the opposite direction, your principal could be wiped out instantly. A sudden market move of 5% could send your account to ICU. This is not alarmist; it’s the mathematical nature of leverage.

**Without a stop-loss plan, you're like going into battle without body armor.** Too many people know they should set stop-losses but always hold onto the "just one more try" mentality, turning small losses into big ones, and ultimately getting forced to close positions by the system. Many brothers get caught in a bottom-fishing trap, not because they don’t want to cut losses, but because psychologically they can't get over that hurdle. In fact, stop-loss is not about admitting defeat; it’s about leaving a lifeline for your account.

**Random position sizing guarantees big losses.** Some people go all-in or half-in on a trade at the drop of a hat—this is not investing, it’s gambling with your life. The heavier the position, the faster the mentality becomes distorted. When prices fluctuate slightly, they start obsessively watching the screen, and decisions made in this state are often the worst.

**Emotions are the real trigger for liquidation.** When making money, greed takes over, and you want to earn every last cent; when losing, fear grips you, and you’re reluctant to cut losses in time. This emotional pendulum effect directly leads to more and more wrong decisions. The result of emotional trading is that funds gradually flow to those with stronger discipline.

**What is the secret of those who live long and earn steadily?** It’s not because they can predict the market precisely, but because they have a strict trading discipline.

First, higher leverage isn’t always better. For beginners, starting with 3x to 5x leverage is a reasonable choice. Although the growth rate of profits will be slower, it provides a larger buffer. When the market suddenly swings violently, this buffer could be lifesaving. Staying alive is more important than anything.

Second, stop-loss is not optional; it’s mandatory. Every time you open a position, set your stop-loss order properly. This is an iron law, with no room for bargaining. Think clearly: is it better to calmly plan how much you might lose on this trade in advance, or wait until liquidation day, watching your account go to zero in despair? The answer is obvious.

Position sizing also needs to be taken seriously. Set your position size according to your risk tolerance, generally risking no more than 2% of your total account on a single trade. This way, even if you suffer consecutive losses, your account can still withstand it.

Finally, learn to fight against your emotions. After setting your trading plan, execute it strictly. Don’t change your strategy because of short-term price swings. The market’s noise is loud, but your trading rules should be louder.

Risks in the crypto market do exist, but what can truly destroy an account are irrational decisions. Those who survive long-term and make money do so not because of luck or some mysterious predictive ability, but because of their relentless focus on risk control and respect for discipline.