After years of trading cryptocurrencies, my biggest takeaway is that mindset and strategy are far more important than luck. Those who truly survive in this market never rely on a single big gamble to turn things around, but instead accumulate wealth through consistent small profits.

First, let's talk about capital management. If your initial funds are not large, say only a few hundred thousand yuan, it's better to focus on the few key main upward waves of the year rather than chasing every rise and fall daily. Going all-in might seem exciting on the surface, but in reality, it pushes you to the edge of a cliff. Many people lose their profits through frequent trading like this.

A more core point — you can never earn money beyond your level of understanding. So start with a demo account to practice, exposing your true mindset. The advantage of a demo is that failure costs nothing, but real money trading can mean a single loss wipes out everything. You need to experience this difference yourself.

Good news and bad news are often separated by just one night. When encountering major positive news, hold on that day, but remember to sell when the market opens high the next day, because the moment positive news is realized, the opportunity to buy the bottom is usually closed. Holidays are also tricky; you should start reducing your positions a week in advance. Historical data shows that the market tends to fall sharply before and after holidays.

Let's talk about trading strategies. Medium to long-term trading means always keeping some cash reserves, selling at high points, and accumulating at lows, rolling over repeatedly. For short-term trading, focus on volume and candlestick patterns; only act on active charts. If the market looks dull and lifeless, avoid trading. There's also a pattern — rapid declines are often followed by quick rebounds; slow declines tend to be followed by sluggish rebounds.

On the technical side, the KDJ indicator on 15-minute charts can help you find good buy and sell points. This method has been tested repeatedly. Stop-loss is easy to say but hard to do — during losses, it's easiest to hesitate, but timely stop-loss is essential for long-term survival in the market.

Finally, having too many trading methods can be a burden. Master a few well, repeatedly practice on liquid coins like UNI and DOT. It’s a hundred times better than constantly changing strategies. Opportunities in the crypto market are always there; surviving until the next cycle is the biggest win.