Having navigated the cryptocurrency world for several years, experiencing countless ups and downs, I now summarize the insights from these years into eight maxims.

1. Skillfully use morning trends: In the morning, market sentiment is at its purest. If prices plunge significantly, don’t panic; this could be a good opportunity to buy at a low price. If the price is soaring high right from the morning, don’t be greedy; take the opportunity to sell for profit and secure your gains.

2. Master the afternoon strategy: If there's a sudden surge in the afternoon, don’t get carried away and chase after it; most of the time, it’s just a false rally, and buying at high positions can lead to losses. Conversely, if there’s a significant drop in the afternoon, stay calm and observe; look for a suitable low point to re-enter the market the next day, which often allows you to acquire shares at a lower price.

3. Maintain a steady mindset during declines: If you wake up in the morning to see a sharp drop in cryptocurrency prices, don’t rush to cut losses. The market changes rapidly, and morning fluctuations are often just an illusion. If the market is stagnant and shows no movement, don’t be anxious; consider taking a break to conserve energy and wait for opportunities.

4. Strictly adhere to trading principles: If the cryptocurrency you hold hasn’t reached your expected high, don’t sell easily; making little profit is still a loss. If it hasn’t dropped to your psychological price, hold back from buying impulsively to avoid catching a falling knife. During sideways phases, when the trend is chaotic and direction unclear, trading is undoubtedly like blindfolded guessing; it’s better to observe from the sidelines.

5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a prime time to buy. A bullish candle signals a short-term upward trend; sell at a high to secure profits.

6. Break through with contrarian thinking: To stand out in the cryptocurrency world, sometimes you need to go against the crowd. When everyone is enthusiastically buying, stay calm; when panic selling occurs, be bold and dare to act counter to the trend, as this is how you can find niche opportunities for wealth outside the mainstream tide.

7. Endure the agony of consolidation: When prices consolidate at high or low levels for an extended period, it can be quite torturous. Don’t let anxiety push you into hasty actions; be patient and wait. Once the trend becomes clear—whether it is an upward push or a downward dip—then go all out.

8. Seize the tail end of the rally: After a prolonged period of sideways movement at high levels, once there’s a renewed surge, don’t hesitate; this is likely the last frenzy. Sell promptly to secure your profits in hand, or else they may slip away in an instant, and the cooked duck may just fly away.