Many people think that trading cryptocurrencies requires advanced skills, but actually it's the other way around. Those who survive longer and earn steadily rely on the most basic discipline and execution.

Let's start with three pitfalls that must be avoided.

chasing the rally and selling the dip is the biggest killer. When the price rises, go all-in, only to be caught at the top. The real entry point is during the most pessimistic market—buying in panic, which requires strong psychological resilience.

The second trap is betting everything on a single coin. Putting all chips into one asset is as risky as gambling. Keep sufficient cash reserves (for example, 30%), so you have ammunition to scoop up bargains in extreme market conditions.

The third is full-position trading. Market opportunities are always abundant, but capital is limited. Going all-in means giving up all new opportunities, and in the end, you can only watch the trend anxiously. Position management determines life or death.

Now, let's look at some practical strategies.

Sideways movement is a signal. High-level sideways is usually a shakeout; low-level bottoming is to prevent a crash; when the direction is unclear, stay put. Eighty percent of liquidation events happen in sideways regions.

A bearish candle is not risk but opportunity. When a large bearish candle appears, others are cutting losses—this is a lower-cost entry point. Conversely, during bullish candles, take profits steadily and avoid greed.

A sharp decline is often followed by a rebound. The bigger the drop, the stronger the rebound. Prepare your positions during a waterfall decline, waiting to buy the bottom.

Pyramid building can effectively lower costs. Add 10% to your position each time the price drops by 10% in the bottom area, entering in batches. When a trend reversal signal appears—such as a sharp rise or sideways movement—quickly withdraw your principal to take profits. During a crash combined with sideways movement, cut losses immediately.

The essence of trading is disciplined execution. Master this logic, and you can shift from passive victim to an equal opponent against the market makers.