Having been in the crypto space for nearly 8 years, I have experienced sudden wealth and fallen into countless pits. From the early dream of full positions to finally learning to exit alive, the biggest takeaway from this journey is not those numbers, but a set of effective trading philosophies. Today, I sincerely share the experiences I’ve summarized over the years with everyone.

First, the size of your capital determines your operational ceiling. If your starting funds do not exceed 100,000, the term "full position" should be removed from your vocabulary. The reality is, being able to catch one decent main upward wave in a year is enough, and the rest of the time is just waiting. Many people end up losing because they can't wait, always thinking they can’t catch the market when it arrives. In fact, patience itself is the most scarce trading talent.

The boundary of your cognition is your profit limit. No matter how clever your strategy is, it’s useless if it’s outside your understanding. Therefore, before live trading, you must practice your mindset and courage in a simulated environment. The biggest advantage of a demo account is that you can lose money infinitely, but a single mistake in real trading could mean the end of the game.

The pattern of good news is often more brutal than many think. If there is no rally on the day good news lands, that signal is very dangerous. If the market opens higher the next day, it’s time to sell; holding on blindly will only trap you. This is not pessimism, but a straightforward observation of market human nature.

In the days before holidays, history repeatedly teaches you the same lesson. Reducing or even completely clearing your positions before major holidays is not conservatism, but respect for market laws. The phrase "must fall before the holiday" has been validated too many times in the crypto world.

The brilliance of medium- to long-term trading lies in always maintaining cash reserves. Repeated cycles of selling high and buying low—don’t expect to eat the entire wave—this is the game of the big players. Retail traders playing that game are doomed to fail.

Short-term trading requires much more discernment. Only coins with active trading volume and large fluctuations are worth watching. Don’t touch other coins, no matter how cheap they seem, as it wastes energy and destroys your mindset.

The rhythm of decline can also reveal clues. Slow downward declines can be frustrating to rebound from, but if the speed of decline accelerates, rebounds often come unexpectedly. Grasping this rhythm difference can save you many detours.

Stop-loss is always the first rule of survival. If you buy wrong, admit it immediately and cut losses at once. As long as your capital is still alive, opportunities are always there. This is not giving up; it’s reserving ammunition for the next opportunity.

When trading short-term, the 15-minute K-line is your best friend. Combine it with the KDJ indicator to find buy and sell points, often capturing many golden opportunities. But tools are just tools; understanding market psychology is more important than reading charts.