Honestly, I often see people complaining like this: "Been in the market for over a year, messing around here and there, and my account is still stuck in the same place." I can understand that feeling—staring at candlestick charts every day, news flying everywhere, but in the end, you still lose money. Actually, many people can't get out of this vicious cycle, and the root cause isn't the market itself, but a lack of reverence for risk and discipline in trading.

I've personally experienced many pitfalls, and today I decide to lay them all out. These are not some profound theories, just practical rules accumulated through real trading. Follow these 10 tips carefully, and while you might not make huge profits in the next market cycle, you'll definitely avoid those gut-wrenching mistakes that make you regret everything.

**1. Don’t be a "one-shot" dreamer; with 200,000 capital, you should play the long game**

I've seen too many people holding capital, thinking only about going all-in once to get rich quickly. But what happens? When the market fluctuates slightly, their mentality collapses, and they get shaken out during market pauses. There's no need for that.

Spread your 200,000 across different positions. Even if you only catch one trend in a year, your returns could surpass what you achieve chasing every short-term move for half a year. During Bitcoin's rebound from $67,000 to $74,000 in 2024, those who had positioned early made a killing. Meanwhile, those who traded frequently on short-term swings got wiped out during sudden downward moves.

Remember: opportunities are everywhere every day, but only those who know how to wait are true winners.

**2. Don’t sell on the day of good news release; if it opens high the next day, you should exit**

This is a strict rule I set for myself: after good news is released, it often signals the start of a new decline.

I learned this lesson the hard way in 2021. A project announced a major partnership, and the coin shot up 30% that day. I thought, since the good news was so strong, there would be more upside. But the next day, it opened high and then plunged, turning my 30% unrealized profit into a 15% loss. Since then, I’ve been disciplined—once I see the good news truly materialize, I take profits in stages and never be greedy. Especially during those sudden volume surges, which are often the main players quietly offloading.

**3. Don’t be brainwashed by "big V" opinions; control your own money**

Social platforms are full of calls to buy or sell, but most of those signals turn into losses once they hit your account. Don’t blindly follow the herd, and don’t do what some opinion leader says just because they say so. Your 200,000 is your own—your gains are yours, and your losses are yours.

**4. Build your own trading system, don’t rely on feelings**

Feelings are the biggest enemy in trading. When to buy, when to sell, position size, stop-loss points—these should all be planned before the market moves. Otherwise, once the market starts, greed and fear will hijack your rationality completely.

**5. Never go all-in; stagger your entries and exits**

The cruelest thing about the market is that the courage to go all-in often leads to complete wipeout. Diversify your holdings, trade in batches—this may seem boring, but it keeps you alive longer. The first lesson of investing isn’t how much you make, but how to survive to see the next cycle.

**6. Pay attention to on-chain data, don’t just listen to news**

On-chain addresses, large transfers, changes in coin holdings—these data are more honest than any commentary. If whales are distributing, no amount of good news can save the price. Learning to read on-chain data can often give you early warning of market shifts.

**7. Accumulate in bear markets, harvest in bull markets**

The easiest money is often made during the days when you’re not making money. When everyone is crying and panicking, it’s the best time to accumulate at low prices. When the market turns around, your patience will pay off handsomely.

**8. Beware of the temptation of high leverage**

Leverage can amplify gains quickly, but it can also wipe out your account in a second. I’ve seen too many people lose everything overnight with 3x or 5x leverage. If your capital is limited, stay away from leverage.

**9. Review your trades regularly, summarize your losses**

Spend time each month reviewing your trading records, especially the losing trades. Why did you lose? Was it a planning issue or execution problem? Only by doing this can you truly improve.

**10. Don’t rush; the market is always there**

The most important point: the crypto market won’t disappear just because you can’t make money now, and the next cycle won’t wait just because you missed out this time. The opportunity will come when it’s supposed to. What’s missing is your patience.

In the end, surviving in this market with 200,000 is much harder than getting rich overnight. But once you survive, and when you finally understand, the entire market’s wealth will be beckoning you.