1. If your capital is not very large, say within 200,000, catching a major upward trend once a year is enough; do not be fully invested all the time.
2. A person can never earn wealth beyond their awareness. First, use a simulated account to develop your true mindset and courage. You can fail an unlimited number of times in a simulated account, but failing once in real trading may cost you everything and could even lead you to stay away from the market forever.
3. When there is significant positive news, if you do not sell on the same day, remember to sell on the next day's gap up; often, positive news leads to negative outcomes.
4. When encountering major holidays, reduce positions or even go to cash a week in advance. Historically, markets tend to decline during holidays.
5. The strategy for medium to long term is to keep enough cash on hand, sell high, buy back on dips, and rolling operations are the best approach.
6. Short-term trading mainly focuses on trading volume and patterns; trade actively fluctuating patterns and avoid inactive ones.
7. Declines tend to slow down, and rebounds will also be slow; rapid declines will lead to quick rebounds.
8. If you buy the wrong thing, you must acknowledge it. Cut losses in time to preserve your capital; that is the fundamental principle of survival in the market.
9. For short-term trading, you must look at the 15-minute K-line chart. You can find better buy and sell points based on the KDJ indicator.
10. There are countless techniques and methods for trading cryptocurrencies. You only need to master a few to be sufficient; do not be greedy.
The above are my summaries of over ten years of practical experience and techniques in cryptocurrency trading. They may not apply to everyone; each person needs to combine their own practice with these summaries. As a trader, the most terrifying thing is not having technical problems, but lacking awareness, falling into these trading traps without realizing it! There is no invincible trading system, only invincible users of the trading system! This is the truth; trading systems ultimately have to return to the individual! For more valuable insights, check the homepage.