Brothers, I am also an old player in the cryptocurrency circle. After four years, I have experienced hardships like poor eating and sleeping, liquidations, debts, and even thoughts of giving up. Now I have made it through.

In this tumultuous journey of trading cryptocurrencies, I have stepped into countless pitfalls and have summarized 9 super practical tips. Today, I share them without reservation with friends in the contract circle, hoping to help everyone take fewer detours and achieve financial freedom sooner!

1. Small capital, stable returns: If your capital is not much, say under 100,000, just be happy if you can catch a big market move once a day! Do not be greedy, thinking about making several trades a day, nor should you be fully invested at all times; otherwise, a small mistake could lead to total loss.

2. Timely selling on good news: When significant positive news occurs, if you haven't sold on the same day, and the next day opens high, sell quickly! Remember, the moment good news is realized is often the start of bad news; don't foolishly hold on.

3. Pay attention to news and holidays: News and holidays have a significant impact on the market. When major events occur, such as policy changes or important announcements from industry leaders, be sure to adjust your strategy in advance, which may include reducing positions or even going to cash. Past experience tells us that when a major event occurs, the market will definitely fluctuate significantly; if you misjudge the direction in advance, don’t rush to enter; wait until the market trend is clear before following the trend.

4. Medium to long-term light position operation: For medium to long-term investments, it is essential to enter the market with a light position, allowing yourself enough room for maneuver. The market is unpredictable, and heavy positions carry too much risk; being steady is the long-term path to making money.

5. Quick entry and exit in short-term trades: The key to short-term trading is to follow the trend and act quickly. When you see a clear upward or downward trend, quickly find the right entry point and take your profits. If the market is stagnant with little volatility, don’t rush into the market; patiently wait with no position and avoid greed and hesitation, as it can easily lead to losses.

6. Rules of fluctuations and corrections: When the market fluctuates slowly, the speed of rebounds will also be slow; if the market fluctuates rapidly, corrections will also be very quick. By understanding this rule, we can better grasp the timing of buying and selling, securing profits at the right moment.

7. Cut losses timely and do not hold on: Once you enter at the wrong position and make an incorrect judgment about the direction, do not hesitate; cut your losses immediately! Cutting losses may seem like losing money, but it is actually preserving your capital. With your capital preserved, you can continue to fight in the market; holding on will only lead to greater losses. 8. Use the 15-minute candlestick chart effectively: For short-term traders, the 15-minute candlestick chart is a must, and when combined with the KDJ indicator, it can help you more accurately find the right entry timing.

9. Mindset determines success or failure: The techniques and methods of trading cryptocurrencies are varied, but the most important thing is still the mindset. Cryptocurrency markets experience significant ups and downs, allowing you to earn a fortune one moment and losing everything the next. Therefore, it is essential to adjust your mindset, avoid excessive greed, or you will easily be swayed by market emotions and make poor decisions.