Having entered the crypto market for over six years, starting from zero to accumulating a net worth of tens of millions, I have stepped on countless pitfalls along the way. Today, I’ve summarized these years of trading experience into 10 rules, hoping to help you avoid detours.

**Basic Rules**

Start with a capital no more than 10,000. Don’t expect to get rich overnight; focus on catching one major upward wave is enough. Many beginners fail to break the million-dollar threshold because of excessive greed.

**Mindset Management**

Never operate with full positions all the time. Those who truly make money know how to wait; eating well once beats tinkering all year. Demo accounts can fail endlessly, but a single big mistake in real trading could mean permanent exit. Always keep your cognition and mindset ahead of your capital.

**Timing of Buying and Selling**

A high open the day after a major positive announcement is a selling point. Repeated historical experience shows that positive news often turns into negative, and greed for the last bit is a big taboo.

Remember to reduce positions a week before holidays. During holidays, selling pressure tends to build up; staying out or lightly holding can avoid many unexpected drops.

**Trading Strategies**

For medium to long-term trading, use rolling operations. Always keep some cash on hand; sell when prices rise, buy when they fall, and keep your positions active to survive longer.

For short-term trading, focus on volume and chart patterns. Choose coins with sharp fluctuations and active charts; if there’s no volatility or volume, watching is pointless.

**Technical Details**

The speed of decline determines the strength of the rebound. Slow drops lead to slow rebounds; rapid drops often lead to fierce rebounds. Recognize the rhythm clearly and avoid blindly bottom-fishing during slow declines.

For short-term trading, 15-minute K-line charts combined with the KDJ indicator are enough; don’t overcomplicate. Identify key levels on small cycles, and buy/sell points will naturally appear.

**Risk Bottom Line**

Admit mistakes and cut losses to protect your core capital. Never hold on to a losing position stubbornly; preserving your principal is the only way to stay in the market.

Last but not least: mastering two or three methods is enough. Don’t get overwhelmed by various indicators; specialization beats clutter, and it’s more profitable. No matter how volatile the crypto market gets, always follow these basic rules.