Having been active in the crypto market for so many years, I have seen too many people follow the trend and gamble on coins, only to end up losing everything. Today, I will openly share the trading insights I have summarized over the past 8 years. These 10 points are essentially lessons learned through real money.

First, on capital management: if your principal is below 200,000 yuan, instead of constantly watching the charts and making reckless moves, it's better to wait for the real main upward trend. Catching one major trend per year can yield quite substantial returns, so there's no need to be fully invested and trading every day.

The most vulnerable point is cognitive gaps. Many people have no clear idea how much they can earn before jumping in. My advice is to practice with a demo account first, to truly develop your mindset and courage. You can fail countless times on a demo, but a single failure in real trading might mean the entire exit.

Regarding news-based trading: when major positive news appears, don’t rush to sell immediately. But if the market opens high the next day, you should act quickly because the moment positive news is realized often turns into a negative. Reducing or even completely clearing your position a week before holidays is a pattern I’ve observed over the years; the probability of decline before holidays is quite high each time.

The core of medium- to long-term trading is to keep enough cash on hand, sell when prices rise, and buy back in stages when prices fall, repeating this cycle. For short-term trading, focus on trading volume and chart patterns. Active coins with large fluctuations are worth trading, while sluggish ones should be avoided at all costs.

The speed of decline determines the strength of the rebound. Slow declines correspond to slow rebounds, while rapid declines often come with quick rebounds. When doing short-term trades, always watch the 15-minute K-line, and combining it with the KDJ indicator can help you pinpoint buy and sell signals more accurately. One last critical point: no matter how many trading techniques you learn, mastering just 2 to 3 is enough. Trying to learn too many can lead to confusion.

Remember, if you buy at the wrong time, accept the loss promptly. Cutting losses in time is key to surviving longer. This is the fundamental rule for survival in the crypto market.