Brothers, stop believing in so-called insider information. I've been in this circle for a long time and seen too many so-called sources of information. In the end, I found that most of them are just using us retail investors as liquidity.
The pitfalls we retail investors should avoid are really just a few:
First, entering the market only after a surge. What you think is an opportunity is actually someone else waiting for you to take over their positions. That big bullish candlestick on the blockchain is often not the beginning, but the end.
Second, blindly trusting KOLs. People who post their trading results every day on their timelines aren't necessarily making money, but they're definitely guiding your decisions. Those who truly make money rarely speak.
Third, betting on the direction with high leverage. You think you're trading, but you're actually participating in a survival game with extremely low probability. One wrong move, and you're wiped out.
Fourth, not setting stop-loss orders. Many people don't lose because they misjudge, but because they refuse to admit their mistakes. The market won't give you a second chance to explain.
To be honest, you've probably heard these principles. But very few people can truly avoid them.