Recently, with the VOXEL market wave, the comment section is full of people complaining about being stuck holding bags. To be honest: this market never rewards the lazy. If you rely solely on luck, you’ll be paying tuition fees within three months.

I entered the market in 2017, experienced that bull run, and also witnessed the trust crisis in 2023. After eight years, my account has grown by more than 50 million, but every penny came from hard-learned lessons. Today, let’s talk about the hard truths that helped me survive.

**First, about principal**—if you have less than 100,000, don’t even think about going all in. The overall volatility expected in Q3 2025 is there; what does a 23% figure mean? It means if you go all in, you might wake up to find your position evaporated by a quarter overnight. Before the bull run comes, cash is more valuable than positions. Only those who can endure the boredom get to eat the meat.

**If your understanding isn’t enough, don’t rush to open positions.** Last year, a friend of mine added leverage before even understanding DeFi protocols, and as a result, lost 80,000 overnight. Simulated trading isn’t just for show—practice until you’re not flustered by red and green bars.

Here’s a counterintuitive one: **When good news is realized, it’s often a sign to exit.** Last month, a certain public chain had a tech upgrade. The price was flat on the day of the news, up 3% the next day at the open—then what? It plunged straight down. Smart money had already exited in batches.

**Don’t underestimate the holiday effect either.** I analyzed data from the past three years around the Spring Festival, and major coins dropped an average of 12%. This isn’t superstition—it’s the inevitable result of drained liquidity. Reducing or even clearing positions before the holiday is a hundred times better than clinging on and hoping for luck.

As for specific tactics—mid- to long-term, you need to learn to roll positions, keep 30% in cash for swing adjustments; for short-term, just watch the top 20 by trading volume. Liquidity pools under 10 million? Stay away, that’s just a trap set by market makers.

**Grinding downtrends and sharp drops require totally different approaches.** Grinding downtrends are slow and hard to rebound from—better to step aside and watch. Sharp drops, on the other hand, might be bottom-fishing opportunities; use the 15-minute K-line and KDJ indicators to look for divergence signals, and your buy/sell points will be pretty accurate.

The core principle is simple: **If you make a bad buy, admit it—don’t hold on stubbornly.** With your principal intact, you’ll have chips to follow when the next SOL-style opportunity comes. I’ve seen too many people master every technical indicator and still lose money. In reality, mastering stop-loss and trend following is enough.

The market won’t go easy on anyone just because they’re crying. Surviving is more important than anything.