I invested 20,000 yuan into the crypto world, and after three months, my account shrank to $1,200. That night, I stared at the screen, hesitating over the uninstall button for a long time.

Later, I reviewed all my losses and memorized the lessons hard. In half a year, $1,200 turned into $280,000. This is not luck; it’s an inevitable realization after countless failures.

Every lesson learned was forged with real gold and silver:

**Stay out of the market when signals are unclear**
The crypto space is full of traps. Following the crowd in chaotic markets is suicide. Instead of rushing around blindly, it’s better to hold your position and act only when you’re sure. Keep a close eye on key indicators. Missing ten opportunities is okay, but one deep pit can wipe you out completely.

**Quick in and out of hot coins**
Hot coins surge fiercely and fall just as hard. Set clear take-profit and stop-loss points early. When the hype fades, sell immediately. Unrealized gains can easily turn into high-level traps, forcing you to cut losses at the end.

**Lie back and win when a big trend arrives**
A high opening on the K-line and a surge in trading volume are signals that the trend is truly starting. Don’t trade frequently; hold tight and withstand short-term fluctuations to fully benefit from the entire upward wave.

**Batch take profits on massive bullish candles**
No matter the position, a huge bullish candle often indicates the main players are offloading. When it appears, take profits in stages. Even a second’s delay can turn profits into losses.

**Trade based on moving averages**
Moving averages are the most reliable guide for retail traders. Focus on support and resistance levels on the daily chart. Use a 3-7 day cycle: buy on golden crosses, sell on death crosses. Let data replace feelings.

**Trend is king; operate against human nature**
If the upward trend isn’t broken, hold firmly. After a decline and stabilization, buy the dip in stages. Don’t be led astray by the madness of chasing gains or the fear of cutting losses. Most of the time, contrarian actions are just sending you to the cannon fodder.

**Build positions gradually to control risk**
All-in may seem exciting, but it’s likely to lead to zero. Gradually building positions can spread out the cost. Set stop-losses in advance for each trade. Only then can you maximize gains with minimal risk.

The essence of the crypto world is a battlefield of cognition realization—brutal but fair. To survive, you must turn lessons into trading principles. Most people are stuck in a vicious cycle, not because they lack effort, but because they lack that guiding light. When the market is active, opportunities are present. Find the right direction, and you can walk out of the darkness.