Having been involved in the crypto trading world for many years, from initial exploration to now stable operations, I have gone through many detours and summarized a relatively feasible methodology. Here I want to share some practical experience with newcomers in the crypto space.

First, regarding the timing of placing orders: it's best not to rush during the daytime. On one hand, it's easy to become impatient; on the other hand, you can't see through the true market trend. In the evening, you tend to be more clear-headed, and your judgments will be more accurate.

As for taking profits, this is a common pitfall—after making a profit, don't be greedy and place another order; take your profits when it's time. I've seen too many people want to keep earning after making money, only to accidentally lose everything. Mindset is hard to control, but discipline can help restrain yourself.

Long positions are relatively safer, while short positions carry greater risk. Unless you're backed into a corner, really avoid shorting casually; this trap is especially easy to cause a crash.

Regarding stop-loss and take-profit settings, it depends on whether you can monitor the market. If you have time to watch, don't set a stop-loss, because minor fluctuations often trigger forced liquidation, leading to greater losses. But if you don't have time to watch, you must set one to prevent being wiped out instantly. These two situations require different strategies.

This point is particularly important: profits should be regularly withdrawn and transferred to your funding account or directly cashed out. Human desires are endless; after making money, you want to earn more, but in the end, you might reinvest all profits into the market and lose everything. I've experienced this myself. Also, during consecutive losses, don't keep adding funds; controlling your mindset is more important than anything else.

On a technical level, for short-term trading, looking at the 1-hour candlestick chart is enough. When the price is in a second-tier rally, go long; when in a second-tier decline, go short. Simple and straightforward but effective.