There is a seemingly foolish but super practical method; if used well, it can basically eat up all the profits. But take it slow and don't rush.

When trading cryptocurrencies, there are three things you must never do:

First, don't rush in to buy when the price is rising. Remember that saying: "When others are fearful, I am greedy; when others are greedy, I am fearful." We need to develop the habit of buying when prices are falling; when others are panicking, we quietly enter the market, and we might just pick up a treasure.

Second, never place large orders. Large orders carry too much risk; once the market changes, you won't be able to escape in time, and you might easily get trapped.

Third, never go all in. Once you go all in, you become particularly passive. There are plenty of opportunities in the market; going all in means giving up other potential opportunities, which has a high opportunity cost.

Now let me share six short-term trading tips for cryptocurrencies. Remembering these will help you avoid many detours.

First, after the price has consolidated at a high for a while, it often reaches new highs; after consolidating at a low, it usually reaches new lows again. So, don’t be in a hurry to act; wait until the direction of the market change is clear before taking action; this is safer.

Second, don’t trade during sideways movement. Many people lose money in cryptocurrency trading because they can't control themselves and fidget around during sideways movements. We need to be patient and wait for the market to clarify before we act.

Third, when selecting candlesticks, buy when the daily candlestick closes as a bearish candle and sell when it closes as a bullish candle. This method is simple, but if used well, it can yield considerable profits.

Fourth, if the decline is slow, the rebound will also be slow; if the decline accelerates, the rebound will also speed up. This rule must be remembered as it helps in judging the market.

Fifth, use the pyramid buying method when building positions. This is an immutable principle in value investing: buy in batches, buying more as prices fall, which can reduce risk.

Sixth, after a cryptocurrency has been continuously rising or falling, it will definitely enter a sideways state. At this point, don’t rush to sell everything at a high or buy everything at a low. Because after consolidation, there will definitely be a market change; if it changes downward from a high position, quickly clear your position; if it changes upward, you can consider adding to your position later.

In short, trading cryptocurrencies should be done slowly; don’t rush for quick success. Remember these tips and principles, explore slowly, and you will eventually find a method that suits you.