After years of navigating the crypto world, I've seen too many people make quick profits and lose even faster. Ultimately, most people aren't lacking opportunities; they just haven't grasped the basic trading logic. Today, I’ll share my practical insights accumulated over the years. If you follow these ten principles and still see no results, then maybe this isn’t the right fit for you.

First and foremost: **Having a small capital is not an excuse; it simply means you need to be more meticulous.** Instead of chasing precision every time, focus on one or two major rally opportunities within a year. Full position trading is like going into the deep sea without a life jacket—you must always keep some cash reserves to handle unexpected situations. This is the foundation for longevity.

**Cognition directly determines how much you can earn.** Don’t force yourself into unfamiliar assets; simulated trading can help you get a feel for them, but the psychological pressure when real money is involved is entirely different. At this point, you'll realize that the plans on paper and your actual mindset can be worlds apart.

The routine of news trading must be thoroughly understood. When good news breaks, if you don’t act promptly that day, you should decisively exit when the price gaps up the next day—because everyone will want to sell at that moment, and prices will only go down. **This is a common pattern in information arbitrage.** Similarly, before holidays, reducing your positions a week in advance or going completely flat is more prudent. Holiday markets often lack liquidity, leading to large price swings and uncontrollable risks.

Mid- to long-term trading requires a completely different approach. You need to have real capital reserves. When prices rise, sell some to lock in profits; when they fall, buy on dips. This way, you can continuously lower your average cost and adjust flexibly according to market rhythm. For short-term trades, focus on coins with active trading and sufficient volume; otherwise, buying obscure tokens can quickly trap you with no way out.

**Price movements are traceable.** Slow retracements often gradually recover lost ground; but if the decline is steep and fierce, the rebound usually won’t be sluggish—this reflects the market’s microstructure.

There’s no room for bargaining on stop-losses. If you misjudge, accept the loss and cut your position quickly. Don’t expect the price to automatically return to your entry point—**capital preservation is the hard truth.** I’ve seen too many people stubbornly hold on to losing positions in hopes of breaking even, only to end up with bigger losses.

If you insist on short-term trading, the 15-minute K-line chart is a good reference. Coupled with the KDJ indicator, signals in overbought and oversold zones are quite effective. MACD and RSI are also useful auxiliary indicators, but don’t fall into the trap of thinking more indicators mean safer trades.

Finally, perhaps the most crucial point: **Don’t greedily learn a bunch of technicals.** Master 3 to 5 indicators thoroughly—they are far more effective than trying to learn ten indicators and only understanding them superficially. The essence of trading is balancing risk and reward; tools are just aids. Those who truly make money often use the simplest, clearest methods.

These ten principles are not lofty theories; they are the result of repeated failures and reflections in real trading. I hope they can help friends who are still lost find some clarity.