After 10 years of ups and downs in the cryptocurrency world, I have summarized my experiences into eight maxims.

1. Skillfully use the morning market: In the morning, the sentiment in the cryptocurrency market is the purest. If the price drops significantly, don’t panic; this could be a great opportunity to buy at a low price. If the morning sees a strong rally with significant gains, don’t be greedy; take the chance to sell and secure your profits.

2. Gauge the afternoon strategy: If there’s a sudden surge in the afternoon, don’t let excitement cloud your judgment and follow the trend blindly; this is often just a false boom and buying at a high can lead to losses. Conversely, if there’s a significant drop in the afternoon, stay calm and observe for a while, then find the right low point to enter the market the next day, often allowing you to acquire low-priced assets.

3. Maintain a steady mindset during declines: If you wake up in the morning to see a significant drop in prices, don’t rush to sell at a loss. The market changes rapidly, and morning fluctuations can often be deceptive; if the market is stagnant with no movement, don’t be anxious—take a break, recharge, and wait for opportunities.

4. Strictly adhere to trading rules: If the cryptocurrency in your hand hasn’t reached the expected high, don’t sell it easily; earning less can still be a loss. If it hasn’t dropped to your psychological price, resist the urge to buy impulsively to avoid catching a falling knife. As for sideways movements, when the trend is unclear, trading is akin to a blind person feeling an elephant; it’s better to observe from the sidelines.

5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a good time to buy; a bullish candle signifies a short-term upward trend, suggesting to sell at a high.

6. Break through with contrarian thinking: To stand out in the cryptocurrency world, sometimes you have to go against the grain. When everyone is frantically buying, maintain your composure; when people are panic-selling, be bold and willing to operate contrarily to find opportunities for wealth outside the mainstream tide.

7. Endure the agony of consolidation: Long periods of price consolidation at high or low levels can be quite torturous. During this time, don’t let anxiety overwhelm you and act impulsively; be patient, keep your composure, and wait until the trend becomes clear—whether it will rise or fall—before making a decisive move.

8. Seize the tail end of a rally: After a long period of sideways movement at a high level, if there’s another surge, don’t hesitate; this is likely the final frenzy. Sell in a timely manner to secure your profits, otherwise, you may miss out, and the opportunity will slip away like a cooked duck that flies away.