Over the years of exploring the cryptocurrency world, I've seen countless people go from profitable to losing money due to pitfalls, and I've also seen many others rely on simple methods to consistently make money. Ultimately, trading isn't about luck, but the ability to consistently execute simple rules. Today, I've shared 10 practical tips I've learned from my own experience:

Don’t let floating profits turn into losses

As soon as you gain more than 3 pips, immediately set a protective stop-loss near your opening price to protect your principal first. Especially with smaller altcoins, which can experience significant volatility and a 3 pip surge, you can relax your take-profit and use a moving take-profit to follow the gains, but never move your stop-loss. In a bear market, it's even more important to frequently take profits, and don't wait for unrealized gains to turn into losses—that feeling of falling from grace to despair is enough to destabilize your mind and lead to foolish behavior.

Don't make small profits and big losses

It's like playing baccarat. You win 500 every day and are content to leave. But suddenly you lose 500 one day and you rush to increase your position. As a result, all your previous profits are lost and you even lose money. The most important thing to avoid in trading is "picking up sesame seeds when you win and throwing away watermelons when you lose." Holding on to small profits each time is the only way to accumulate them into a big one.

Trends are more important than prices

Don't always think about buying at low prices. When the price drops, how can there be a bottom? Don't touch junk coins no matter how cheap they are. It's more reliable to follow the trend. When the trend is upward, even the most expensive coins may become more expensive; when the trend is downward, even the cheapest coins may fall through the floor.

Don't believe in "adapting to circumstances"

In the speculative market, the most detrimental thing is "winging it." It's better to stick to your own trading system and adapt to any change. Using the same method 10,000 times is worse than using each method once. The more you're reluctant to cut your losses and want to change your strategy, the more likely you are to make mistakes.

Patience is more valuable than anything else

I've seen people get scammed out of hundreds of thousands of dollars before they finally figured out the cryptocurrency world. This is normal. Every scam, every pitfall, is a lesson. Once you get through it, opportunities will naturally come your way. Those who rush to make money often die the fastest.

In an upward channel, a pullback is an opportunity to get on board.

There is no coin that keeps rising, just like a spring that always needs to be compressed before it can jump higher. In a steadily rising market, every pullback is an opportunity to increase your position. Don't be scared off by short-term fluctuations.

Don't guess the bottom, guess it's halfway up the mountain.

The true bottom depends on market sentiment and capital flows, not on whether you think it's "low enough." Nine out of ten bottom-fishing attempts end in losses, a statement I've proven with my own losses.

Stop when you're ahead and control your position

Sell when the price reaches your psychological level. Don't expect to take advantage of the entire market trend. The position and leverage must match. You must calculate the leverage based on the amount of funds you have in advance. Don't go all-in when you are impulsive.

The moving average is the compass for short-term trading.

For short-term trading, just look at the 5-day, 10-day, and 20-day moving averages. If the 5-day crosses above the 10-day or 20-day moving averages, it's a golden cross and you should buy; if it crosses above, it's a dead cross and you should sell. Don't overthink it.

My mentality is broken, no matter how much money I spend

Trading ultimately comes down to psychological warfare. Even if you have tens of millions of yuan in capital but can't withstand the volatility, you will still lose it all. Summarize your operations every day, practice more and reflect more, and you will truly get started.

Trading is complex and simple at the same time. Engraving these rules in your mind and turning them into reflexes is more effective than any other technique. After all, those who survive to the end are those who follow the rules.

Last month, a fan came to me and asked me how to make a comeback after losing a house.

Sometimes I always think that those who have lost 300,000 yuan may be the ones who understand what a true comeback is.

Three years ago, the bear market was horrific. I went from a fully profitable position to a total loss, my 300,000 yuan investment reduced to a string of cold numbers on the screen. When my account was zero, I lay in bed staring at the ceiling, with only two thoughts in my mind: either make my money back or leave the industry completely.

I didn't retreat, nor was I willing to just admit defeat.

After digging through my wallet and scraping together 3,000 U coins, I said to the screen, "This isn't a gamble. This is the last time I'm going to use my brain."

For the next 28 days, I lived like a programmed machine:

I only watch for 1-2 signals every day. If there's no opportunity, I'll just sit there and wait, even if it means watching until the early morning. I always keep a 50% position. This is my lifeline. No matter how optimistic the market is, I will never go all in.

When taking profits, I never want to be greedy for a single point. I close my position immediately when it reaches the preset level. I set a stop-loss and sell immediately when it falls below the limit, never delaying it until the next day. Every penny I earn is rolled directly into the next round. I use profits to fight for profits, and my principal is as stable as a stabilizing force.

At 3:00 AM on the 12th day, BTC dipped to a key support level and rebounded. I capitalized on that rally and made a 20% profit. The next day, ETH started its main uptrend, and I followed suit and made another profit. With four consecutive winning trades, my account doubled.

The moment I saw the numbers jumping, my hand holding the mouse was shaking - I knew that I was alive.

In 28 days, 3,000 U became 32,000 U. In less than three months, not only did I make up for the 300,000 U I lost, but I also earned enough to support my family.

In fact, many people lose money not because they are not smart enough, but because no one teaches you how to win with bad cards. Do you think it is luck? Ultimately, it is discipline, rhythm and execution that are the foundation.

I don't like to say comforting words, I only give practical methods. If you keep up with the pace, you will find that the speed of making money can exceed your imagination.

If you're struggling with losses right now, or need help keeping track, feel free to contact me. I'll share my 28-day trading log with you and walk you through how to earn back what you've lost.

Cryptocurrency trading is about doing simple things repeatedly, sticking to a method for a long time, and mastering it. Cryptocurrency trading can also be like other industries and become proficient through practice. You can make every decision quickly and without hesitation.

This year marks my 17th year in the cryptocurrency market. I started with 10,000 yuan, and now I support my family with it! I've used 80% of the market's methods and techniques. If you're considering cryptocurrency trading as a second career to support your family, it's helpful to listen and read more. You'll discover unexpected insights and save yourself at least five years of hard work!

Follow me @加密大师兄888 to keep up with the trend and get rich together!