Discipline is the only safeguard, and emotions are the biggest vampires.

Some time ago, a trader confided in me: "I've been doing spot trading for nearly a year. Every time I see the right direction, I rush to close with only a 5% profit. When I lose, I’m reluctant to cut losses. Last month, I lost 30% directly, and now I don’t dare to open new positions at all." I asked him to pull out his trading records from the past six months for review, and the problem immediately surfaced—it's not poor technical analysis, but purely emotions that are influencing decisions.

I shared five insights with him, all earned through real money. After trying for two weeks, he said, "I suddenly had an epiphany." Today, I also want to share these with everyone.

**Tip 1: Control your emotions first, then interact with the trading interface**

Many people keep their eyes glued to the K-line as soon as the market opens, and their mood swings with the price. This is not trading; it’s being a puppet controlled by emotions. My approach is to spend 10 minutes every night writing a trading plan—clearly on paper: which coin to buy or sell, at what price to enter, how much decline triggers a stop-loss, and at what rise to consider taking profits. The endless indecision of "Should I sell?" or "Should I hold?" is directly converted into a hard rule of "execute when the time comes."

For example, if you want to buy 1 Bitcoin, set a bottom line in advance: take profit at a 15% increase, cut losses at an 8% decrease. When these levels are reached, even if your palms sweat, you must follow the plan. Essentially, the plan is a lock that secures your emotions.

**Tip 2: Beware of the small profit trap**

The idea of "making a little profit first" reveals a fear of losses, but at the same time, it’s the main reason you always miss out on bigger market moves later. Conversely, refusing to cut losses on losing trades is a gambler’s mentality, hoping the market will someday give you a chance to recover.