From 500,000 to 15 million in 4 years. It sounds like luck, but behind it is the accumulation of over 1,400 days and nights.

I don't have insider information, nor have I guessed the market correctly many times. What I rely on is judgment and disciplined execution. Today, I summarize these years of pitfalls and bloodshed into 6 lessons to share with friends who are still lost in the market.

**Don't rush to chase after a breakout**

A sudden surge after a few days of sideways movement—your first reaction might be to jump in? Hold on. Many so-called breakouts are just traps to lure in traders. A truly effective breakout requires two conditions: increased volume + sustained stability for several days without a pullback. I once chased a false breakout and lost 15% in one go. That was when I truly learned this lesson.

**Be cautious if the decline exceeds 30%**

A correction of 10% to 20% might just be a shakeout, but if it exceeds 30% and the price hasn't stabilized, you should be alert that the trend has turned bad. I once endured a 40% correction, almost losing all my previous gains. Later, I realized: not cutting losses at a breakdown is gambling with your life.

**Good news can't be trusted**

A major positive event that spikes and then falls back? That's often "profit-taking," so it's time to exit. Conversely, if a sudden negative event is quickly absorbed with decreasing volume and stabilizes, it might be "the end of the negative news." The speed of capital movement is always faster than news dissemination. Understanding this helps keep a calm mindset.

**Don't allocate more than 30% to a single coin**

No matter how promising a coin is, don't allocate more than 30% of your portfolio to it. I once had 80% of my holdings in one project, but when the project encountered issues, I lost 40% in three days. Later, I diversified into 3 to 5 high-quality coins, so even if one pulls back, the overall account can stay stable.

**Beautiful moving averages ≠ healthy trend**

The 5-day, 10-day, and 20-day moving averages aligned in a bullish pattern look comfortable, but if the trading volume is shrinking, it's just a "false rally." A truly reliable trend is: price rising with volume expanding simultaneously. If volume and price diverge, even the most beautiful candlestick patterns are just illusions.

**The last word: stability**

Maintain a stable position, avoid all-in or extreme short positions. Keep a steady rhythm—don't chase the highs or panic and sell in a downturn. Keep a calm mindset—no anxiety, no regrets. Only by achieving "stability" can you truly cross the life-and-death line of cryptocurrency trading.