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Recently, two eye-catching events occurred in the crypto assets trading circle, revealing the harsh realities of this field. Firstly, a trader who once touted himself as the lead in copy trading champion of various exchanges saw his myth crumble. At the same time, another well-known trader, Liangxi, also suffered painful losses due to aggressive operations.
These events remind us once again that it is crucial to remain cautious and adhere to discipline in the highly volatile Crypto Assets market. As an experienced trader once said, strictly executing trading strategies and timely stop-losses are key to survival. He emphasized that it is better to endure small losses and exit in a timely manner, as market fluctuations are often difficult to predict.
The trader also shared some valuable advice. During a bull market, he suggests leaning towards holding long positions rather than short ones, and prioritizing Bitcoin (BTC) over Ethereum (ETH). For day trading, he warns against extending holding times beyond 36 hours, or else one may run into trouble.
These insights reveal the complexity and risks of Crypto Assets trading. It reminds us that even the most confident traders can encounter failure, and that adherence to discipline and risk management is key to long-term success. For those considering entering this market, this is undoubtedly a lesson worth reflecting on.