Friends who have been in the crypto world for over a year and are still stumbling along, I want to have a good chat with you. This is not motivational chicken soup, but life-saving principles I have verified repeatedly after more than ten years in the market.

First, let's talk about trading with small capital. For a principal below 200,000, never think about daily trading to make quick money. Catching one main upward wave per year is enough; high-frequency trading will only slowly wear you down with time costs. You're not a market maker, and you can't withstand the losses from trial and error.

Next is the hurdle of cognition—you will never earn money you don't understand. First, simulate in a demo account to endure fear, greed, and hesitation thoroughly. Let your emotions collapse in the virtual account a hundred times without concern. But once real money is involved and your mentality loses control, your account could be wiped out immediately.

Major positive news often leads to trouble. If you haven't exited on the day the news hits, you must decisively sell if there's a high open the next day. Nowadays, "positive news realization" often marks the turning point of a big trend; greed can trap you deeply.

Before every holiday, I proactively reduce my positions, sometimes completely exit the market. Years of experience prove that holidays are never a good time to make money; risks always outweigh opportunities.

Medium- and long-term trading is not about buying and holding blindly. You must keep enough cash on hand, gradually sell as prices rise, and slowly buy back after significant pullbacks. Relying solely on faith and holding through losses often results in becoming the last to buy in.

For short-term trading, focus only on coins that are alive. Pay close attention to trading volume and volatility; coins with insufficient volume and low volatility are traps for funds. Wasting energy on them is pointless.

The speed of decline can tell you how fast the rebound will be. Slow downward trends correspond to slow rebounds; rapid drops mean quick surges. If you get the rhythm wrong, even the best entry points are useless.

If you buy the wrong coin, accept the loss. Stop-loss always comes first. As long as your principal remains, opportunities are always there. Holding on stubbornly is equivalent to giving full control to the market, and in the end, you'll only sink deeper.

For short-term trading, a 15-minute candlestick chart is enough. Use pattern recognition and the KDJ indicator to find entry and exit points. Other fancy technical indicators will only mess up your rhythm.

The most crucial point—don't chase multiple methods. There are countless trading strategies, but those who consistently make money often only use two or three tricks to dominate. Repeating an effective system is far more useful than learning ten systems; compound interest comes from this focus.

The boat in the crypto world has always been here, waiting for people to set sail. Are you ready?