Many people want to turn their fortunes around in the crypto world but keep making the same mistakes. The secrets to making money are actually not complicated; in fact, they are so simple that they seem ordinary. Today, I want to discuss this trading philosophy of "Three No's and Six Must-Kills"—appearing simple, yet capable of helping you avoid 90% of the pitfalls.

**The Three Major Common Problems for Losses in the Crypto World**

The first pitfall is chasing rises and selling declines. This is the main culprit that eats away at retail investors' accounts. Every time the price surges, your mind gets itchy, FOMO emotions override rationality, and you end up buying at the peak. Then you watch as Bitcoin or Ethereum drops, trapped at the top. The real opportunity actually appears in the opposite scenario—it shows up during times when the entire market is numb and no one dares to look at the charts.

The second pitfall is going all-in on a single coin. Putting all your assets into one target is no different from gambling logic. Smart traders always keep enough cash reserves. When a big drop occurs, you will have the confidence to do the opposite of "fearful others, greedy me." These moments are often the starting points for a turnaround.

The third pitfall is full-position all-in. The feeling of going all-in is like tying yourself to a chair. Every day, new opportunities emerge in the crypto space, but if you don’t have disposable "bullets" (idle funds), you can only watch helplessly. Position management is the life insurance for active traders.

**Six Practical Rules for Short-term Trading**

**Consolidation inevitably triggers a trend reversal.** Be cautious of false breakouts during high-level sideways trading, and beware of sudden dips during bottoming phases. When the direction is still unclear, holding down the trading button is more important than any indicator. Many people get caught in frequent operations during sideways periods and end up repeatedly getting cut.

**Sideways trading is a breeding ground for liquidation.** Most forced liquidations happen during price consolidation. The less clear the trend, the easier it is to fall into a vortex of frequent stop-losses.

**When a panic large bearish candle appears on the K-line, it’s often a golden opportunity for contrarian thinking.** The seemingly worst signals may actually harbor the strongest rebounds.

**There is an internal rhythm to sharp declines.** The more violent the drop, the more fierce the rebound momentum. When you see waterfall-like market splits, it’s actually a sign to prepare to catch the rebound.

**Pyramid-style batch accumulation can significantly reduce costs.** In the bottom area, whenever the price drops about 10%, add to your position in stages. This approach can push your average holding cost to a very low level, leaving ample room for subsequent profits.

**After a trend reversal, decisively clear your positions.** After a sharp rise turns sideways, withdraw your principal to let profits continue to grow; after a sharp decline begins sideways movement, don’t hold onto false hopes—if it’s time to leave, just leave. This principle sounds simple, but executing it is the biggest challenge for most people.

The secret to getting rich in the crypto space is actually hidden in these "dumbest" execution details. No complex quantitative models, no flashy indicator stacks—just discipline and patience. I hope these ideas can inspire you.