After spending several years navigating the ups and downs of the crypto market, I’ve lost more money than I’ve made from all the mistakes I’ve stepped into. Today, I’m sharing my 20 most hard-earned lessons, hoping that those who come after me can pay a little less tuition to the market.

**On Position Management**
Got less than 100,000 in capital? Honestly, catching just one major uptrend a year is enough. Don’t go all-in every day—you’re not trading, you’re gambling with your life.

**Don’t Jump in With Real Money Too Soon**
It’s fine to stumble a few times in a simulated account, but one real loss with real money could mean game over. Earn only what’s within your level of understanding. It may sound cheesy, but it works.

**Habits That Could Save You**
- Regularly review your watchlist and see if the actual performance matches your initial judgment.
- Didn’t sell on the day of major positive news? You must exit if it opens high the next day—good news often carries risk once it’s out.
- Hold quality projects, but always sell at highs—don’t let greed destroy your account.

**Holiday Strategies**
A week before major holidays or events, reduce your positions or even sit on the sidelines. Enter in the last two days before the holiday—there are often surprise moves after the break.

**Key Technical Analysis Tricks**
See a big red candle on the daily chart? Unless it’s on low volume at the bottom, get out the next day. Watch coins that suddenly see a spike in volume at the bottom—a turning point may be near.

For mid-to-long-term strategies: keep enough cash on hand, sell into strength, buy the dips, and keep rolling your positions. For short-term trades, focus on volume and chart patterns—only touch coins with big swings and high activity.

**On Trend Judgment**
When the market drops slowly, rebounds are slow; when it plunges hard, rebounds are often just as violent. That’s the market rhythm.

Compare the overall market trend to individual coins—coins driven by major players often move out of sync with the market. Coins that just follow the market usually lack big players. If a coin has been flat and suddenly surges on big volume, be alert—an opportunity may be here.

**Stop-Loss Is More Important Than Pride**
Admit your mistakes when you buy wrong—cutting losses in time is the only way to survive. There are countless technical indicators, but mastering a few is enough—don’t spread yourself too thin.

**Some Practical Details**
- For short-term trading, use the 15-minute K-line and KDJ indicator to time entries and exits.
- Distinguish between shakeouts and distribution: shakeouts usually come with low volume, while high volume usually means distribution.
- For long-term plays, watch the 60-day, 120-day, and 250-day moving averages. Projects with all three lines trending up and real value behind them are relatively reliable.

**Final Two Sentences**
For coins in your hands: don’t sell unless it surges, don’t buy unless it plunges, and don’t mess around during sideways action.
Don’t be greedy when prices rise, don’t panic when they fall—if you can do these two things, trading will be much easier.

The market is always right; the only thing that can be wrong is us. The above lessons aren’t gospel, but they were all paid for with real money. Take care, everyone.