After eight years of trading cryptocurrencies, I made fifty million. This sounds impressive.

But the pitfalls and lessons behind it were bought with real money.

Today, I won’t talk about empty words; I’ll lay out the hard truths I’ve gathered from years of experience. Whether you can use them is up to you.

When the principal isn’t much, don’t go all in at once.

I made this mistake early on, eager to double my investment, and ended up trapped with my entire position.

It wasn’t until later that I understood that in a year, you only need to capture one or two major upward trends to be enough; most of the time is spent waiting.

Waiting is the best strategy for ordinary people.

Don’t earn money that you don’t understand.

I practiced with a simulation account for a full six months before trading live. A simulation account allows you to make mistakes freely, but making a mistake in real trading might mean you never get another chance.

Also, if there’s no movement on the day a good news comes out, it’s best to run when the next day opens high; good news often turns into bad news.

Be especially careful around holidays; history has repeatedly proven that reducing positions before holidays never goes wrong.

In the medium to long term, don’t always think about catching the whole fish; keep some cash to buy high and sell low so you won’t be washed out.

For short-term trading, focus on those popular coins; only those with large fluctuations and popularity can be played, while obscure coins are a pure waste of time.

There are different ways to fall; a slow decline is the most painful, while a rapid drop can bounce back quickly. A sense of timing is very important.

The most important rule is: if you buy the wrong asset, you must cut it. To preserve your principal, you must keep playing.

You don’t need to learn a bunch of technical indicators; just get familiar with one or two. For example, for short-term trading, look at the 15-minute K-line combined with KDJ to find buying and selling points, which is sufficient.

In this market, avoiding pitfalls is a way to earn money.

Those who can survive and still make money in the market are often the ones willing to stick their hands in to test the waters but will also pull back in time.

Are you ready to reach out? @龙哥在带单