If you want to say that after so many years in the crypto circle, the biggest gain is not how much you've made, but the pitfalls you've stepped on and the blood and tears lessons you've summarized. Today, I will organize the trading insights accumulated over the years, especially for those friends who have been in the market for more than a year without earning their first 1 million—hoping to help you avoid detours.

First, let's talk about the issue of capital pools. If you only have around 200,000 in medium-scale capital, do not pin your hopes on frequent operations. Honestly, being able to catch a decent main upward wave once a year is enough to make your account figures look good. Going all-in and holding on stubbornly may seem brave, but it's actually gambling. Instead of watching the market every day and trading, it's better to spend time refining your trading system.

This involves a matter of cognition. There's a saying— you can never earn more than your cognition. The smartest way to truly master the rhythm of operations and psychological quality is to practice with a demo account first. The advantage of a demo account is that you can fail infinitely many times and adjust infinitely many times, but once you enter real trading, the situation is completely different. Failing with real money once can sometimes mean you might have to leave the market for a long time.

Next, some specific trading tips. On the day of major positive news, do not think about holding on stubbornly. The usual pattern is this: when the positive news appears on the first day, some people get excited and chase the high, but when there's a gap up on the second day, selling might be a more prudent choice. Why? Because the moment positive news is realized, it often becomes a selling point. This is a common market rule.

There are also considerations for trading before holidays. Start gradually reducing positions a week in advance, or even go completely flat and wait. The benefit of this is to avoid unexpected volatility during the holiday period. Data from previous years shows that the market tends to decline during holiday intervals; rather than taking risks, it's better to proactively avoid them.

The core strategy for medium- to long-term trading is actually simple: keep enough cash reserves on hand so you have the firepower to "buy low and sell high." How to do this specifically? When prices are pushed up, sell decisively to take profits; when prices drop sharply, build positions at low points. Cycle through this process, which is the most stable growth strategy. It requires patience but also avoids the awkward situation of buying and then falling or selling and then rising.

If you prefer short-term trading, focus on two indicators: trading volume and chart patterns. Active and volatile assets can be approached, but for those with low trading volume and little fluctuation, don't touch them—even if they seem tempting—because poor liquidity means higher risk.

The speed of decline often determines the rhythm of subsequent rebounds. Slow declines usually lead to slow rebounds, but accelerated declines can lead to quick rebounds. This rule sounds simple, but in practice, it can help you anticipate market sentiment in advance.

Another fatal mistake— too many people are reluctant to cut losses. If you bought wrong, just accept it and cut losses immediately. This is not a failure but a way to protect your principal. As long as the principal is there, the chance to recover is still there. This is the fundamental reason to survive long enough in the crypto circle.

If you want to do short-term trading, especially focusing on 15-minute K-line trends, you can pay special attention to the KDJ indicator. This indicator provides clearer buy and sell signals in short cycles, and used well, it can help you find many good entry points.

Finally, a suggestion: there are countless trading methods and techniques, but you don't need to master them all. Learning a few truly reliable methods thoroughly and becoming proficient in them is often more effective than knowing a little about everything. Focus and depth often surpass breadth.