After messing around in this market for so long and experiencing all kinds of行情, I've had painful moments of full-position blowouts and the thrill of bottom-fishing for doubles. Looking back now, those lessons are the most valuable. I've summarized ten trading rules that might help you avoid some detours.

**Fund Management is the Lifeline**

Don't expect to get rich by daily trading with less than 200,000 yuan. Capturing one main upward wave in a year is enough to make up for a whole year's worth of hustle. Going all-in and gambling will only lead to frequent stop-outs and eventually becoming a leek. Waiting for a real trend opportunity is more realistic than daily hustle. For highly volatile assets like @SATS@, this approach is especially necessary.

**Knowledge Must Stay Ahead of Real Money**

Playing on virtual accounts is fine; losing money there doesn't matter. But on a real account, one misjudgment can directly wipe you out. Your mindset and understanding must match your capital size; otherwise, more capital is useless. This is a harsh lesson.

**Good News Often Means a Reversal Opportunity**

See major good news? A high open the next day usually signals a dump. After market hype on good news, the bears will use this info to short. The real profit-makers are those who cash out in time—don't expect to eat the last piece of meat.

**Avoid Risks at Key Time Points**

Reduce or even close positions a week before holidays. Historical data shows that during holidays, black swan events and panic selling happen frequently. Defensive measures in advance may seem conservative but are actually the smartest move.

**Active Position Rolling Rules**

Always keep cash in your account. Reduce positions in small batches at peaks, build gradually at bottoms, and keep your positions active. This way, you can catch rebounds and effectively control drawdowns.

**Standards for Short-term Trading**

Only trade short-term when volatility is high and trading volume is active. Avoid coins with no popularity and dull trading, no matter how cheap they are. Use 15-minute K-line charts with KDJ to find critical points—don't overcomplicate things.

**Downward Momentum Hides Opportunities**

Assets that fall rapidly often rebound strongly. The opposite is also true. Master this rhythm, and you'll be able to buy at true lows instead of chasing highs.

**Stop-Loss Is the Bottom Line for Survival**

When losses reach a certain point, cut your losses—don't fight it. Preserving capital is the qualification to continue trading. This isn't about giving up; it's a survival rule understood by those who live longer.

**Specialization Is More Profitable Than Being a Jack of All Trades**

Master two or three methods thoroughly; it's better than being mediocre at everything. In this market, focus equals money-making ability.