Haven't made any money in the crypto world for over a year? I've been navigating this market for so long, stepping into pitfalls, facing liquidation, and losing a lot of money. Today, I want to share the ten core experiences I've gained, hoping to help you avoid detours.

**Capital management is the lifeline**
When the principal is not large (for example, just around a hundred thousand), don't think about going all-in with your entire position. Just catching one main upward trend in a whole year is enough. Before the market shows a clear signal, being patient and waiting is itself the strongest weapon. People cannot earn money beyond their cognitive range; before trading with real funds, one must repeatedly practice mindset and courage in a simulation account. A simulation account allows you to fail infinitely, while a significant mistake in a real account could lead to immediate exit.

**Techniques for Understanding Market Rhythm**
Good news often turns into bad news. If a major piece of good news doesn't materialize on the same day, my advice is to sell promptly if it opens high the next day; otherwise, it can easily lead to being trapped at a high position. One must be vigilant before holidays—history has proven this countless times. It is wise to moderately reduce positions or even hold cash before holidays.

**The Difference Between Long-term and Short-term Strategies**
The key to a medium to long-term strategy is to maintain sufficient cash reserves, then sell high and buy low, rolling operations. Don't always think about riding one wave to the end; that's a game only institutional players can master. For short-term trading, only choose coins with active trading volumes and obvious price fluctuations. Inactive coins waste time and can wear down your mindset. When the market is slowly declining, rebounds can be particularly frustrating, but once the decline accelerates, rebounds often come faster. It's crucial to catch this rhythm.

**Practical Application of Stop Loss and Technical Analysis**
Admit mistakes immediately and cut losses at the first moment—this is the essence of survival. As long as the principal is still there, opportunities will always exist in the future. When trading short-term and watching the market, look at the 15-minute candlestick chart more, and use it in conjunction with the KDJ indicator to find quite a few good entry and exit points. Speaking of technical methods, there are countless things in the crypto world, but you don't need to know them all; mastering one or two methods to perfection is enough.

Each one is a real lesson learned the hard way. Avoiding detours is itself a way to make money.