Don't rush into trading. I used to do short-term trading as well, playing with those small coins on the gainers list and newly listed coins, thinking that the price fluctuations would be larger, and that smaller funds would yield higher returns. However, each time, I ended up losing more than I gained. My biggest loss came from a coin called Move, where I lost 8000 USD. I bought it at 0.8, and when I saw it had a historical high of 1.2, I thought I was safe, but it kept falling. I didn't want to cut my losses, so I put all my money into margin calls, looking for ways to buy USDT, even borrowing from online loans. But it just kept dropping, and when it hit 0.6, I was liquidated. Now that garbage is at 0.13. So cutting losses isn't necessarily the right move, but not cutting them is definitely wrong.

Then there's Ethereum's enlightenment, starting a long position. I started rolling over my position at 2450 because I saw the daily moving averages were dense, and the weekly moving averages were also dense, so I wasn't worried at all. Here are a few historical positions; there's no intention to show off; I’ve walked this path step by step. The times of opening and closing positions are all above. The positions aren't precise because I rolled over; the largest position I held was about 250 ETH, which can't be compared to the big players.

Take it slow and wait patiently. Of course, if you want to do intraday short-term trading, choose a coin you are familiar with, one that you have been trading for a long time. Watch the one-minute and five-minute moving averages, then open a position and take your profits when you reach your target. There's absolutely no problem with that. That’s what I did in April—I only made 50 USD a day and then didn’t open any more positions. I also didn’t open a position after losing 50 USD. Don’t think about using high leverage to make back 100 USD at once. Getting emotionally charged will only lead to more losses and liquidation. What the crypto world lacks the least is opportunities; the big market movements are still ahead.