A few days ago, I met a young guy in the community who bet 100,000 on $LUNC. After a year of trading, not only did he not make a profit, but he lost 30,000 and almost had to cut his losses.

In fact, in this market, there are many retail investors like this.

I've been trading for eight years, from the 2017 ICO bubble that wiped out my savings to catching the SOL main rally in 2021 and making a cumulative profit of over 50 million. Today, I'm sharing the experience gained from real money with you.

Currently, $BTC is fluctuating in the range of 92,000 to 94,000. On December 1st, it just experienced a flash crash of 8% in a single day and quickly rebounded. The ETH mainnet gas fee has dropped to as low as 0.1 Gwei, with a single transaction costing only 0.02 USD.

In this rollercoaster market, never go all-in with a principal of 100,000.

Last week, a fan didn't listen to advice and went all-in when ETH surged to 3,300 USD. As a result, it retraced to 3,100 USD and he got stuck, missing out on nearly 15% of XRP's gains during the same period. It's no use crying over spilled milk.

When the market hasn't reached its peak, patience is much more useful than leveraging.

Cognition is the moat; practice with a simulated account before trading live.

I spent three months practicing with a simulated account, mastering the MACD and KDJ indicators before daring to invest 50,000.

Remember, good news often leads to bad news. Just like a few days ago when BlackRock applied for a spot ETF on Ethereum, ETH opened high at 3,340 USD. I immediately advised fans to take profits, and sure enough, it dropped to 3,200 USD in the afternoon, perfectly avoiding the retracement.

It’s a hard rule that extreme market conditions often occur before and after holidays. This year, before Double Eleven, I cleared 80% of my position, and on the first day after the holiday, BTC gapped down 5% due to ETF fund outflows.

For short-term trading, focus on the 15-minute candlestick charts and use the RSI indicator to find buy and sell points;

For medium to long-term, keep enough cash on hand. Like recently when SOL retraced from 180 USD to 150 USD, I bought in batches, and when it rebounded to 165 USD, I sold part of it. This rolling operation is much steadier than holding onto a position and can also lower your holding costs.

If you buy the wrong asset, cut your losses; this is fundamental for survival.

In the past 24 hours, there have been 110,000 liquidations across the entire network, with 3 billion RMB evaporated. I've seen too many people hold onto their positions with the delusion that 'it will bounce back,' only to be forcefully liquidated.

There’s no need to be greedy with techniques; just master the rules of buying high and selling low and cutting losses.

Now that the Federal Reserve's interest rate decision is imminent, the market is volatile. If you find yourself stuck at the breakeven line, feel free to chat with me. Avoiding detours is already a way to make money.

Follow me for practical tips that can be implemented, see you in the Binance chat room.