When I entered the crypto space in 2022, someone around me made ten thousand in three days with Dogecoin, and there were screenshots of "financial freedom" everywhere on social media. At that time, like most newbies, I was full of enthusiasm and rushed in, only to lose several thousand USD in just a few months. The market told me directly: there are no myths in the crypto world, only probabilities and discipline. Today, I want to share 7 practical tips that helped me turn things around, in the most straightforward words.

**1. Capital Management: Staying Alive Is Always the Top Priority**

My initial losses were mostly due to greed and holding onto losing positions. Now, I divide my principal into 5 parts, using only one part for each trade, with a 10% stop-loss. Think of it this way: even if I lose five times in a row, the total loss is only 10%, and my account won't be severely damaged.

When making profits, I aim to take profits in stages at over 10%. The crypto market is so volatile that one needle can cause a liquidation, or it can wipe out your profits overnight. Resisting greed and refusing to hold onto losing positions—that's the key to surviving long-term.

**2. Trend Following: Don't Fight the Trend**

I have tried going against the trend before, hoping for a rebound during a decline, only to get trapped deeper. Later, I realized that the trend is your friend. Trying to catch a rebound in a downtrend? That's like catching a flying knife with bare hands; but a pullback in an uptrend is a genuine good entry point.

Now, I only operate within clear trends: when moving averages are in a bullish alignment, I look for pullbacks to go long; when they are in a bearish alignment, I wait for a rebound to go short. Going with the flow can double your win rate.

**3. Stay Away from "Crazy Coins": Tokens that Surge without Reason Are Usually a Trap**

I still remember the incident where Elon Musk's comment caused a major coin to plummet 40%. Short-term surging coins may seem tempting, but they are actually high risk: the market makers pump the coin to unload their positions, not to make you rich.

I now resolutely avoid coins that double within a week. No matter how attractive the gains, you need to have the capital to enjoy them.