Having been in the crypto world for so many years, I've seen too many people silently withdraw. It's not a matter of IQ or market conditions, but rather they all get trapped in a few basic pitfalls.

Thinking carefully, the people who suffer huge losses generally fall into these three categories:

**First: chasing highs and selling lows**

They see the coin skyrocketing and rush in, fearing "if I don't buy now, I won't have the chance." What happens then? As soon as they get in, the price starts to fall. They panic and immediately cut losses and run, selling at the bottom. Then it rebounds again. They are led by the price every day; it’s a miracle if they don’t lose money.

**Second: going all-in in one shot**

These people might have the right direction and logic, but they put all their chips in at once. As a normal correction occurs, they can't hold on. They are forced to stop-loss and exit, or their mindset collapses and they cut in the middle of the climb. When the real market trend arrives, their accounts are already empty, and they can only watch it take off helplessly. This "missing out pain" is the most destructive.

**Third: emotional trading**

They get excited and put all their money in at once. When the opportunity comes, they have no cash left. "The opportunity is right in front of you, but you have no bullets." Ten out of ten people in crypto have experienced this.

**So how to play now? Remember this principle:**

**Take profits when the time is right, lock in gains.**

Don’t get caught up in any "big picture" talk.