Having been in this circle for nearly ten years, to be honest, I paid quite a lot of tuition in the early years. The worst time was when I sold my house and moved into a shabby apartment for rent. Later, I gritted my teeth and borrowed tens of thousands from relatives and friends, which finally allowed me to find my footing and gradually climb to my current position.

The pitfalls I've encountered and the insights I've summarized over the years, let me share a few key points.

Let me start with an unconventional idea: when the market crashes, if a certain coin surprisingly remains stable and does not drop, don't think it's a coincidence; most likely someone is propping it up from below. In such times, you should actually hold on tighter, as there are often surprises ahead.

If you are new to the market, it is recommended to pin the 15-minute candlestick chart and the daily chart on your screen. Hold on as long as the price stays above the moving average; if it breaks below, don't hesitate. For medium to long-term trading, the daily chart is sufficient; don't get confused by those flashy indicators.

There is a hard rule I have always followed: If there is no fluctuation after buying for three days? Replace it. If the loss exceeds 5%? Cut the position immediately. Even hesitating for a second could cost you the money for a meal.

There is also a simple way to judge the low point – if a certain coin has halved from its highest price and then continuously declined for nine days, it has basically dropped as much as it should. At this time, the probability of a rebound is quite high, and it may be worth considering entering the market to pick up bargains.

The biggest fears in playing this game are greed and luck. Always chase the strongest leader in the sector; it rises quickly and can withstand corrections. Don't hesitate to touch it just because the price is high, and definitely don't try to catch those hot potatoes that are continuously falling. Be decisive when it comes to chasing the rise.

Many people like to buy the dip, but to be honest, there is no bottom for coins in a downtrend. If you need to cut losses, do it; the trend is more important than you think, and timing is always more important than price.

Don't get carried away after making a profit. True experts make money consistently, not just by winning once by luck. After each trade, ask yourself: Did I earn this money through skill, or did the market give me a red envelope? Slowly, you'll understand whether your strategy is reliable.

It's not shameful to stay on the sidelines when you're not sure; losing money is what's truly shameful. Trading is about win rate and risk-reward ratio, not how fast you place an order.

When a new coin just launches, it might skyrocket due to high hype, but don't be deceived by appearances. Most of these coins lack substantial support, and once the excitement cools down, they can drop harder than anyone else.

The last point is that this circle is essentially supported by consensus. The value of a coin depends on how many people believe in it and promote it. When a group of people works together, wealth will naturally follow.