Keep your emotions in check; the market is your ATM. Conversely, letting emotions lead you by the nose will turn your account into a money-consuming beast in minutes.

I know an old friend who invested 100,000 yuan in 2017, and now his account holds over 42 million. He once told me: "The winners in this market are never the smartest people, but those who can stay steady." That really woke me up a lot.

After multiple liquidation events and missing out on various opportunities, I’ve summarized a principle: technical analysis can be learned gradually, but emotional management? That’s the real skill that determines how long you can survive. Today, I want to share some practical experiences, hoping to help you avoid some pitfalls.

**Getting into the market, really needs to slow down**

The common problem for beginners is fear of missing out. Seeing a certain coin surge, they jump in without thinking, going all-in, and then get stuck holding at the top.

My current approach is: before buying any coin, spend at least twenty minutes researching its fundamentals. Check the background of the project team, the frequency of code updates, and the progress of ecosystem development. If at least two of these three aren’t up to par, no matter how tempting the trend, I hold back.

Honestly, opportunities are plentiful in the market, but your capital is only this much. Missing out on one opportunity is much more cost-effective than losing your principal.

**Consolidation periods are the real money-making times**

Others dislike sideways markets, but I actually love them. When the price fluctuates within a certain range, it’s basically a paradise for low buy and high sell.

My straightforward strategy: during low consolidation, add to positions gradually; when the price consolidates at high levels and then pushes up again, slowly take profits. The key is to truly understand where the critical support and resistance levels are, rather than guessing blindly based on feelings.

Like earlier this year, when a mainstream coin oscillated between 250 and 300 yuan, I used multiple rounds of buying low and selling high to earn a significant profit from the price differences.