Having been in the crypto world for over ten years, I've seen too many people rush in with dreams only to leave covered in scars. If I had to say what I've learned along the way, I really have some insights I want to share with you.

First of all, never gamble your entire net worth. Especially when your principal is less than 200,000 yuan, instead of chasing every market fluctuation, it's better to patiently wait for the most certain main upward wave of the year. Full-position trading is like entrusting your life to every rise and fall of the market—you'll be passive and uncomfortable.

Cognition is a moat, a phrase I often emphasize. I recommend beginners practice repeatedly with demo accounts to develop their mindset and courage. Failures on a demo account cause no loss, but a single big mistake with real money can permanently kick you out of this game.

The market has a strict rule called "Good news is often followed by bad news." If you miss the major positive news on the day it happens, the next day often opens high, which is a golden opportunity to exit. Before holidays, close or reduce positions in advance; historical data repeatedly confirms that holiday trading is mostly dull or even declines.

The core of medium- and long-term trading is "rolling." You must always keep some cash reserves on hand. When prices rise, take profits in stages; when prices plunge, seize the opportunity to build positions gradually. Through continuous such operations, you can effectively lower your holding costs, which is the way to survive long-term.

Short-term trading emphasizes volume and chart patterns. Only trade those coins with large fluctuations and active trading volume; avoid those dull coins, no matter how cheap they are. Keep a close eye on 15-minute K-line charts and KDJ indicators to find more precise entry and exit points.

You also need to learn to respect the market’s rhythm. Slow declines mean rebounds won’t be quick; but if the decline accelerates, it often indicates that the bearish forces are releasing their energy, and the rebound may come back strongly.

Finally, and most importantly: be brave enough to admit mistakes. If you buy wrong, cut losses immediately—don’t hold onto false hope. Preserving your principal means maintaining your qualification to continue participating. A big loss requires ten small wins to recover, and that cost is too high.

Looking back over ten years, the market’s technical tricks are endless, but the methods that truly need mastery are actually just a few. Find a method that suits your personality and capital size, refine it repeatedly until it becomes instinctive—that’s enough. In the past, I was blindly stumbling in the dark; now I hold a light in my hand.