Six Survival Rules for Short-Term Cryptocurrency Trading:

1. Wait for a clear trend before acting

- After a high-level consolidation, it's easy to make new highs, while after a low-level consolidation, it is highly likely to make new lows.

- Don't rush to trade blindly during a consolidation period; wait for the price to break through key levels before taking action.

2. Don't force trades in choppy markets

The reason most people lose money is that they always try to find opportunities during sideways movements. Remember: sideways means the market is 'waiting for a big move'; better to wait for a clear trend than to become fodder.

3. Trade against candlestick patterns

- See a large bearish candlestick closing (bear market)? It might be a buying signal.

- See a large bullish candlestick closing (bull market)? Consider taking profits first.

(Simple rule: don’t panic with bearish closes, don’t be greedy with bullish closes.)

4. Avoid bounces in a downtrend

When the market is in a downtrend, a bounce often only represents a 'dead cat bounce,' which may accelerate the decline. At this time, rather than buying at high levels, wait for the trend to deteriorate completely before acting.

5. Build positions in batches, pyramid strategy

Don’t buy everything all at once; you can buy more when prices are lower and less as prices rise. For example:

- Buy 10% on the first purchase, buy 20% when it drops 5%, and keep adding as it drops...

This way, you can lower your cost and avoid making a wrong directional bet all at once.

6. Liquidate timely when the trend is exhausted

Whether rising or falling, when prices continue to extremes, they will inevitably enter a period of consolidation. At this time:

- Don’t cling to high positions: sell when it has risen too much; don’t wait for a pullback and then regret it.

- Don’t rush at low positions: wait for confirmation of a trend reversal before buying; don’t be fooled by short-term fluctuations.

If prices start to decline wave by wave from a high point, liquidate quickly—the trend may be about to change!

Remember: trading is not gambling; it’s a game of probabilities.

- First, avoid those three 'pits,' preserving your principal is most important.

- Short-term trading requires discipline: stick to the rules once set; don’t be swayed by emotions.

- Don’t think about 'making all the money'; grabbing a few certain opportunities is enough.

Lastly, a word of truth: the market never lacks opportunities; what it lacks are people who can calmly seize those opportunities.