How to survive longer in the crypto world?

Ten years in the crypto space, I've seen legends and also seen everything reset to zero. For friends who are just entering and want to try trading contracts, here are some hard-earned truths, take them to heart.

- Don't place orders in a noisy environment. During the day, information is chaotic and emotions are volatile, making it easy to chase highs and sell lows; late at night, when your mind is calm, fluctuations are more rational, and you can see trends and traps clearly. Calm judgment is valuable.

- Don't be greedy for profits. The biggest danger isn't loss, but making money and wanting more. Take profits gradually, set stop-loss orders, greed is the sword behind profits.

- If it feels like it’s deceiving you, the rules won't. Build your own trading system and stick to it strictly. Emotions are your biggest enemy; discipline is your only moat.

- No stop-loss means going naked. Sudden drops, black swan events, and unexpected sell-offs can happen at any time. When you leave the screen, make sure your stop-loss and take-profit orders are in place.

- Unrealized gains don't count as wins; only when you withdraw to your bank card does it become your money.

- Use one hour for swing trading, four hours to determine direction, and daily charts to set the overall trend. When the market is sideways, wait for a trend to develop. Don't chase the lowest point or gamble on the highest; holding the middle range makes you a winner.

Hard truths for surviving ten years:

- Only trade strong trends, don’t go against the trend. The 60-day moving average is your lifeline; buy when above, sell when below, and avoid bottom-fishing in trash coins.

- Don’t chase after rapid surges; wait for low positions to set up. Rapid rallies are often traps; opportunities often appear during quiet, sideways, and unnoticed periods.

- Understand volume and price. Low volume sideways movement often signals a trend reversal; gradually accumulate at low levels and be patient for the wind.

- Follow smart money on hot spots, but don’t go all-in. The window of opportunity is short; keep up with the rhythm and don’t fight the trend.

- Rest more and trade less in a bear market. A bear market is for accumulating capital and learning, not for stubbornly holding on.

- Review your trades every week. Understand why you made profits, identify the root causes of losses. Without reflection, you'll keep falling into the same traps for a lifetime.

May you stay true to your original intention amid volatility, survive long-term, and steadily earn your own money.