Ten years ago, I entered the cryptocurrency market with just 50,000, starting my career in trading. Now my assets exceed 50 million. There is a very simple method for trading, but this method can almost eat up all the profits; it requires slow learning. First of all, we should never do three things when trading.

The first thing is to never buy when prices are rising. Be greedy when others are fearful, and be fearful when others are greedy. Develop the habit of buying during downturns.

The second is to never leverage your positions.

The third is to never go all in. Going all in makes you very passive, and the market is never short of opportunities; the opportunity cost of going all in is very high.

Additionally, let's talk about six key rules for short-term trading.

The first is that after a high price consolidation, there will usually be a new high. Conversely, after a low price consolidation, there will typically be a new low. Therefore, we should wait until the direction of the price change becomes clear before making any moves.

The second is to avoid trading during sideways movements. Most people lose money in trading because they can't adhere to this simplest principle.

The third is to select candlesticks wisely; when there is a bearish candle, we buy based on daily charts. When there is a bullish candle, we sell.

The fourth is that when a decline slows down, the rebound will also be slow; a rapid decline will lead to a quick rebound.

The fifth is to build positions using the pyramid buying method. This is the only unchanging principle of value investing.

The sixth is that after a cryptocurrency has been continuously rising or falling, it will inevitably enter a consolidation phase. At this time, we do not need to sell everything at high prices, nor do we need to buy everything at low prices. Because after consolidation, a price change is inevitable. If it changes downwards from a high position, we need to clear our positions in time; in short, we must act promptly.