Having been in the crypto market for 7 years, I’ve seen all kinds of scenarios. From the initial frequent liquidations to now being able to achieve stable profits, this journey has definitely not been easy. The pitfalls I’ve stepped into and the sleepless nights I’ve endured are countless. Today, I want to share the experiences I’ve summarized over the years, hoping to help those traders who are still feeling lost.

Many people have been trading crypto for over a year without making any money. In fact, the problem often isn’t the market itself, but rather not mastering the correct methodology. I’ve found that traders who truly survive follow a set of survival rules.

**About Capital Allocation**

If your capital isn’t large, say within 10,000 yuan, don’t think about going all-in on one trade. That’s the easiest way to blow up. Instead of frequent trading, it’s better to wait. As long as you catch one decent main upward wave each year, that’s enough. Before the market arrives, patience is your strongest weapon. Many people can’t wait and end up chasing highs and getting caught.

**Cognition is the Foundation of Trading**

The biggest mistake I made was trading with coins I didn’t understand. Later, I changed this habit—first practicing on a demo account. A demo account allows unlimited failures, but a single big mistake in real trading could mean the end. This process is like buying insurance for yourself. Spending time on a demo can help you avoid many fatal risks.

**Operational Logic After Good News Lands**

I’ve observed a pattern for a long time: if a major positive news event doesn’t lead to a sharp rise on the same day, and the next day opens high, selling promptly is often the right move. Why? Because it indicates market enthusiasm is waning. Many times I was greedy and didn’t sell, only to get caught. Later, I realized that once the good news is priced in, the opportunities diminish.

**Holiday Traps**

History repeatedly shows that reducing or even closing positions before holidays is wise. Holiday market movements are often uncomfortable. Instead of struggling, it’s better to step out proactively and wait. This isn’t an absolute rule, but market behavior over the years has told us this.

**Core Idea of Mid-to-Long Term Trading**

The key to medium and long-term trading is always keeping enough cash on hand. Many people want to ride a wave to the end, but that’s a dream only big players can have. My approach is to buy high and sell low repeatedly, rolling over positions. This reduces risk and makes returns more stable.

**Short-term Coin Selection**

For short-term trading, focus on coins with active trading volume and volatile charts. Avoid coins with low liquidity; they waste your time and are easier to get caught in. Choosing the right coin is often more important than choosing the right timing.

**Sense of Rhythm Is Crucial**

Market rhythm directly affects your trading effectiveness. If the market is slowly declining, rebounds tend to be slow and testing your patience. But if the decline accelerates, rebounds can come quickly. Understanding this difference will completely change your market perception.

**Stop-Loss Is the Foundation of Survival**

If you buy wrong, admit it and cut losses immediately. I’ve heard too many stories of people holding on stubbornly, only to get caught in deep losses. As long as your capital is still in your hands, opportunities are always there. This has been the most painful lesson I’ve learned, and also the most important survival rule.

**Practical Technical Methods**

When trading short-term, I mainly watch the 15-minute K-line. Combined with the KDJ indicator, I can often find many golden buy and sell points. This isn’t to say other indicators aren’t useful, but I’ve found that the 15-minute cycle best suits my trading rhythm.

**Refinement and Broadness of Methodology**

There are countless ways to trade crypto, but you don’t need to master them all. Some people want to learn every skill, but end up spreading themselves too thin. My advice is to choose one or two methods that suit you and practice them to perfection. Mastering a single approach often yields better results than dabbling in many.

Avoiding detours itself is a way to make money. Over these 7 years, my biggest gain isn’t how much I’ve earned, but how much I’ve avoided losing. I hope these experiences can help you.