A friend who has been trading cryptocurrencies for over a year recently complained to me that despite working hard, he still hasn't made a million yuan and is feeling anxious.

Hearing him say that, I thought of the detours I’ve taken over the past 8 years. To be honest, I’ve actually earned 50 million yuan, but it’s not luck; it’s been a series of painful lessons learned through trial and error. Today, I want to share these valuable insights with everyone.

First, the basics: small accounts should never think about getting rich overnight. For a capital of under 200,000 yuan, capturing one main upward wave in a year is enough; steady profits are more important than risking to double your money.

Newcomers must practice on simulation trading platforms, which is crucial. Many people think they have a strong mindset, but when it comes to real trading, they get overwhelmed. Falling down enough times in simulation will prepare you to stay calm in real trading. Mindset is always more valuable than technical skills.

Here are a few ironclad rules for trading operations:

On the day of good news, either sell quickly or, if you miss that, sell when the price opens higher the next day. This is the most common trap I see—when good news is realized, it often marks the start of a downturn. Several friends of mine have avoided many pitfalls by understanding this.

Start reducing your positions a week before holidays, and in severe cases, go completely flat. This is a rule in the crypto world; countless market cycles have proven it. Don’t wait until a crash to regret it.

Your holding strategy should leave enough cash reserves so you can operate flexibly during market rises and falls, avoiding being forced to hold through downturns.

For short-term trading, the 15-minute K-line chart combined with the KDJ indicator is standard. Only engage in active trading with high-volume, liquid coins; avoid obscure or illiquid tokens.

Finally: if you buy the wrong coin, cut your losses promptly. Don’t hold on until you lose your entire principal. Also, don’t pursue overly complex technical methods; mastering two or three strategies is enough.

Follow this approach, and making money really becomes a matter of time. Those who survive in the market and still profit are often the ones willing to act first.

Are you ready to get started?