I've been trading cryptocurrencies for eight years. Looking back, from a newbie who didn't even understand the concept of private keys, to now being able to achieve stable profits with this method, I've experienced despair from losses and margin calls, as well as the thrill of doubling the market. Today, I won't talk about those lofty theories, but rather share my hard-earned lessons in practical experience, especially for friends with a principal within 200,000 yuan who are still "chives."

**Small Funds Emphasize "Waiting," Not "Rushing"**

I've seen too many people with 100,000 yuan in capital, constantly messing around in the market, only to find that the fees eat up more than their gains. The survival rule for small funds is actually very simple: wait for opportunities with higher certainty. Instead of frequent trading, it's better to accurately catch one main upward wave per year. The profits gained are often more objective than frequent trades over half a year. Last year, I did exactly that—after Bitcoin stabilized above $30,000, I decided to hold heavily, and ultimately gained nearly 40%. Throughout the process, I only made two swing trades; the rest of the time, I just held. To put it plainly, the market is to be waited for, not chased after.

**Demo Trading Truly Tests Your Mindset, Not Indicators**

Beginners always think that technical indicators are the hardest hurdle, but that's not true. The real cause of losing money is a collapsed mindset. My own past problem was very obvious—selling out when it rose 3%, stubbornly holding when it dropped 5%. Later, I forced myself to practice on a demo account for half a year, gradually breaking this "itchy" bad habit. The benefit of demo trading is that the cost of trial and error is zero. But once you switch to real trading with actual money, a single mistake can directly shrink your principal.

**When Good News Is Realized on the Same Day, It’s Also the Day to Exit**

"The good news is often followed by bad news," this old saying in the crypto circle is something I truly understood after experiencing losses. I remember in 2020, a project announced a major partnership, and the price surged 30% that day. I thought to myself, wait a bit longer. But the next day, it opened high and then plummeted, wiping out all the profits I had accumulated overnight. Since then, I set a strict rule: as long as I see the stock price rise sharply after good news is announced, and I have profits in hand, I must reduce my position by half that day. I no longer gamble on the next day's trend.