Actually, a large part of people entering the crypto world are not thinking about investing,

but rather gambling. If you come with an investment mindset, you'll also lose everything,
but if you come with a trading mindset, you'll be full of gains.
Most people think about doubling their money; they run after an 80% profit,
earning from each trade, and their principal keeps growing.
Then you'll be invincible.
So what's the key?
A thousand times over, it's about protecting the principal and letting profits run.
On the road to accumulating principal, profits should be running wildly. If you had 10k, how would you spend it?
Actually, in essence, it’s not much different from how you’d spend 10k; it’s just about the size of the trading amount. Asset allocation is a skill,
and trading is too. The three essentials of trading are:
1. Position management
2. Risk-reward ratio calculation
3. Trading techniques
Among these, the most critical is position management because you need to protect your principal.
Next is risk-reward ratio calculation, because only by protecting your principal can you earn sufficiently high profits.
Finally, trading techniques.
In fact, there is basically only one trading method:

Trend trading:
Left-side trading and right-side trading.
Whether it’s an upward trend, sideways movement, or a downward trend,
it’s all about following a trend, waiting for it to form and develop, then entering the market—that’s right-side trading.
Guessing the top or catching the high is left-side trading.
Okay, I’ve said it a thousand times—these are the basics of trading.
Real experts are those who make money in the market, but how many can truly achieve stable profits?
Keep going, young ones.