Sharing some practical insights from my experience in the crypto world, which might be helpful for beginners.

**Step 1: 200 bucks as tuition**
With 7,000 yuan left in my account, I reluctantly converted it into 1,000 USDT. But I didn't foolishly put it all in at once; I started with 200 USDT for practice. I focused on small coins with high volatility that day, and when they doubled, I sold immediately. If I lost 50 USDT, I cut my losses. After several wins like this, my principal gradually grew to 500 USDT.

The key is small-scale trial and error combined with disciplined execution—no greed, no holding, and don’t let emotions control your account.

**Step 2: Stop after earning 1000 USDT**
The hardest part is never the technique but controlling your own hand. Every time I hit a profit of over 1000 USDT, I forcibly stop trading for 24 hours, review my trading records, and stay away from the market. Many people get overexcited after making some profit, and a wave of correction wipes it all out, sometimes doubling their losses. The crypto market is a 24-hour battlefield, but your mind must be periodically reset.

**Step 3: Three-part allocation**
Once your funds reach a certain size, I use this portfolio approach:

- Short-term quick trades: 40% — chasing current hot coins, always setting stop-losses, and taking profits of 5%-10% in batches.
- Long-term dollar-cost averaging: 30% — monthly investments in Bitcoin and Ethereum, ignoring short-term volatility, just slowly accumulating chips.
- Cash reserves: 30% — kept as an "ammunition reserve" to buy the dip during market crashes.

This way, you can seize opportunities while enduring volatility, avoiding full positions that miss out or get trapped.

**Step 4: Four iron rules**
- Never go all-in — always keep 20% cash to guard against black swan events.
- Always set stop-losses on every trade — stop-loss isn’t about admitting defeat, but about pricing the opportunity cost of mistakes.
- Don’t chase highs or bottom-fish — if the perfect entry point isn’t available, just wait; no need to participate in every wave.
- Review is more important than trading — reflecting during losses is the deepest learning; this tuition is worth it.

Money in crypto is easy to make, but surviving and earning steadily is even harder than making quick gains.