From having nothing to assets worth tens of millions, my eight years of cryptocurrency trading experience have taught me some lessons. If you have been in the market for a year and are still struggling around a million, you might want to listen to these lessons—each word comes from hard-earned experience.

First, if you have limited capital, don't trade frequently. Catching just one major upward wave in a year is enough. Why bother trading every day? Patiently wait for the trend; one big profit is far better than a year of busy work.

Before you start, practice on a demo account. You can fail an infinite number of times, but a real money account can't withstand too many major mistakes. Your understanding and mindset should come before capital management.

A high opening the day after a major positive announcement? That is usually the best time to sell. Good news often comes with bad news, and those who greedily want to take the last bite are the most likely to get trapped. Learn to cash out profits in a timely manner; that is true skill.

You should start reducing your positions a week before major holidays. Historical trends tell us that selling pressure often occurs on the eve of holidays. Going into the holiday with no positions or light positions can help you avoid unexpected downturns.

For medium to long-term trading, stay active. Always keep cash on hand; sell part of your holdings at peaks and buy back during dips; fluid positions allow you to last longer.

Short-term trading is very simple; just focus on trading volume and candlestick charts. Choose those cryptocurrencies that are highly volatile and actively traded; stagnant ones are not interesting.

The speed of decline determines the strength of the rebound. Slow declines have slow rebounds; rapid declines often see very strong rebounds. Understand this rhythm and do not blindly catch falling knives in slow declines.

You must make quick decisions on wrong trades. Never hold onto a single losing trade stubbornly; stop-loss is a lifeline. Protect your capital, and only then will you have the right to remain in this game.

Use 15-minute candlestick charts along with the KDJ indicator to find entry and exit points; short-term trading doesn't need to be overly complicated. Lock in key positions on small cycles, and the entry and exit points will become clear.

One last point: mastering two or three methods is sufficient. There are countless technical indicators, and trying to learn them all will only lead to confusion. Instead of learning every indicator, it’s better to refine one or two sets of logic to perfection.