Having been involved in the crypto space for nearly ten years, I have seen too many people lose everything due to greed and impulsiveness, and also a few who steadily accumulate through disciplined trading. Today, I want to organize the pitfalls I've encountered and the lessons I've learned over the years, hoping to help friends who are still stumbling in the dark find their direction.

When it comes to capital management, this is the first lesson that determines life or death. If your principal is within 200,000 yuan, never fall into the trap of frequent trading. Instead of watching the charts daily and making pointless short-term trades, focus your energy on the most critical main rally of each year. Here’s an important point: never fully leverage your position. Leaving room for flexibility is like installing shock absorbers in your account; when volatility hits, you won’t be smashed directly.

A deeper issue is the ceiling of cognition. Honestly, people cannot earn beyond their level of understanding. Therefore, before investing real money, you must use demo accounts to fully train your mindset and courage. Simulations allow unlimited trial and error, but a single liquidation in real trading could break your chance to re-enter the market. The cost is too high.

Regarding how to operate during positive market conditions, my experience is: when encountering major positive news, if you haven't sold on the same day, then a high open the next day is your last chance to sell decisively. This may sound counterintuitive, but market laws are like that—once the good news is exhausted, it often marks the beginning of a downturn. Greedy waiting will only trap you.

Timing also matters. Before major holidays each year, I gradually reduce my holdings or even go completely flat. This isn’t superstition; historical data shows that the probability of a price pullback during holidays is indeed higher. Avoiding this risk in advance preserves your profits.

The mid- to long-term strategy should be based on a rolling system. The core is always maintaining enough cash reserves and adopting a cycle of "raising prices to reduce holdings and buying back on dips." Don’t cling stubbornly to your positions; flexible rebalancing is the key to sustained profits. Only in this way can you perform well across different cycles.

For short-term trading, the principle of selecting coins is to focus on trading volume and candlestick patterns. Prioritize assets with large fluctuations and active trading; avoid obscure or stagnant coins—they only drain your time and capital, and their returns are often disproportionate.

Sense of rhythm is often overlooked. When a decline slows down, the rebound will also slow; but once the decline accelerates, rebounds tend to be very swift. Mastering this rhythm can help you more accurately identify buy and sell points. Developing this feel requires repeated chart watching.

Regarding stop-loss, I call it the "life-saving talisman." Once you realize you've bought wrong, you must decisively cut losses and exit. Protecting your principal is the foundation of long-term survival in the crypto world. Some people refuse to admit losses, stubbornly holding onto losing positions, which can lead to irreparable damage. There are countless lessons from this.

How to operate in short-term trading specifically? Keep a close eye on 15-minute candlestick charts, combined with indicators like KDJ to find clearer buy and sell signals. This can effectively improve your win rate. But this requires enough time to watch the charts and a stable mindset.

Finally, I want to say: trading methods are not about how many you learn, but about how well you master them. Instead of superficially learning ten or more techniques, it’s better to deeply master two or three that truly suit you. That’s the way to achieve stable profits.

Most failures in the crypto space are not due to speed but to disorder. After so many years of ups and downs, I just want to light this lamp for you, hoping you won’t stumble blindly in the dark anymore. The market is brewing; it’s time to have clear strategies and disciplined execution.