If you want to survive in crypto trading, remember these 10 hard-earned lessons!

First, if your capital is small, don’t mess around. If you have less than 200,000, honestly wait for a big market trend. Making one good trade a year is enough; being fully invested every day is just giving money to the big players.

Second, practice on a demo account first. If you mess up with real money, it might take you a lifetime to recover. Making money relies on understanding; money that exceeds your understanding will eventually need to be returned.

Third, when good news comes out, sell on the same day. If it opens higher the next day, you must sell. Many inexperienced traders have lost out by being reluctant to sell, and then they end up holding for half a year.

Fourth, reduce your holdings before holidays! In the crypto world, prices will definitely drop during holidays, and this pattern is more reliable than your own mother. Those who don’t believe it have been cut before.

Fifth, for mid to long-term trades, you must know how to take swings. If the price has risen significantly, sell; if it has dropped sharply, buy. Always keep enough cash on hand; don’t go all in at once.

Sixth, for short-term trading, stick to those active coins with high trading volume. Only engage with those that have exciting price movements; don’t touch the half-dead ones.

Seventh, a slow decline will eventually lead to a slow rebound. Sharp declines often come with violent rebounds; you need to time this rhythm correctly.

Eighth, if you buy the wrong asset, quickly accept the loss. Stop-loss should be quick, accurate, and ruthless. Your capital is your lifeline; if you lose it, you can’t play anymore.

Ninth, the 15-minute candlestick chart combined with the KDJ indicator is a short-term trading secret weapon. You can pinpoint buying and selling points accurately, which is a hundred times better than guessing.

Tenth, it’s better to master a few techniques than to know many. Perfect two or three strategies, and that’s enough. The more you learn, the quicker you may lose. Remember, the crypto world has its ways of dealing with those who are not obedient!

Having weathered the storm, I want to lend a hand to newcomers to help them avoid the greatest risks!