Having traded in the crypto space for eight years, starting from zero to managing assets worth tens of millions, I want to share the experience I’ve gained over the years. These ten tips are most useful for beginners. Read carefully, and if you still can’t make a profit, feel free to continue the discussion.

First, let’s talk about the principal issue. If your initial capital is within 200,000 yuan, don’t be too greedy with your one-year goal—just focus on one major upward wave. Don’t trade with full positions all the time; being able to profit once is much better than messing around all year. The root of many problems lies here—overtrading, which naturally leads to accumulating losses.

Before live trading, you must practice with a demo account. The cost of unlimited failures is zero; real money failures could cause permanent damage. Cognition and mindset are always more important than the amount of funds.

When major positive news occurs, if the price opens high the next day, that’s usually a selling point. Good news often comes with bad news, and those greedy for the last bite tend to suffer losses. Truly skilled traders know how to cash out in time.

A week before holidays, proactively reduce your positions. Historical data shows everything. Holidays often bring selling pressure; closing positions early or holding light positions during the holiday can avoid many unexpected drops.

For medium- and long-term trading, stay active and always keep some cash reserves. During upward movements, sell in batches; during dips, buy back precisely. Keeping your positions fluid allows for longer survival. Short-term trading is much simpler—just watch trading volume and chart trends. Choose coins with big swings and active charts; coins without volatility offer no opportunities.

The speed of decline can help judge the strength of the rebound. Slow declines usually lead to slow rebounds, while rapid drops often result in fierce rebounds. Recognize this rhythm and avoid bottom-fishing impulsively in slow-down markets.

Cut losses immediately when you make a mistake—that’s a rule for survival. Never hold on to a single loss stubbornly; preserving your principal is the qualification to continue trading. For short-term trading, using 15-minute K-line charts combined with KDJ indicators to find buy and sell points is enough—don’t overcomplicate things.

Finally: mastering two or three methods is already enough. There’s no need to aim for a comprehensive approach; deeply understanding a few strategies is actually more practical.