in the wave of Bitcoin trading, everyone harbors the dream of making a profit. However, this market is like an unpredictable ocean, sometimes calm and sometimes stormy. Today, let's talk about a very important principle in Bitcoin trading: don't chase small profits and don't incur big losses.

First, let's discuss why we shouldn't chase small profits. Many newcomers to the cryptocurrency circle are eager to make a quick buck when they see a slight fluctuation in the Bitcoin price. For example, when the Bitcoin price rises a little, they quickly sell it, fearing that the profit will slip away. But this approach often causes us to miss out on greater profits. The Bitcoin market has its own rules and trends. Short - term small fluctuations are like small waves in the ocean, while it's the long - term major trends that can really allow us to make big money.

Let me give you an example. Suppose you buy Bitcoin when the price is relatively low. If you sell it as soon as the price rises a bit, you may only make a few hundred dollars. However, if you can hold on patiently and wait for a significant upward movement in the Bitcoin price, the profit could be thousands or even tens of thousands of dollars. Therefore, we need to have a long - term perspective, not be deceived by short - term small gains. Only by not chasing those small profits can we seize greater opportunities.

Now, let's talk about not incurring big losses. The Bitcoin market is high - risk, and the price fluctuates extremely violently. Sometimes, the market may suddenly experience a significant decline. If we don't manage risks well, we may easily lose all our capital. In trading, we must set a stop - loss point. The stop - loss point is like a shield on the battlefield. When the Bitcoin price drops to a certain level, it will automatically trigger a sell order to prevent further losses.

For instance, if you buy Bitcoin at a price of  $50,000,youcansetastop-losspointat$50,000,youcansetastop−losspointat45,000. When the price drops to  $45,000,thesystemwillautomaticallysellit,soyo{u}^{\prime }llonlyloseamaximumof$45,000,thesystemwillautomaticallysellit,soyou′llonlyloseamaximumof5,000. Without a stop - loss point, the price may continue to fall, and the losses may keep increasing.

The principles of not chasing small profits and not incurring big losses are complementary. Not chasing small profits gives us the opportunity to earn greater profits, while not incurring big losses ensures our survival in the market. In Bitcoin trading, we can't just focus on immediate benefits. We need to learn to think from a long - term perspective.

In conclusion, Bitcoin trading is full of opportunities and challenges. By following the principle of not chasing small profits and not incurring big losses, we can move forward more steadily in this risky market and achieve our investment goals. I hope everyone can reap rich rewards in the cryptocurrency circle!