Having navigated the crypto space for eight years, starting with just 20,000 yuan and now having an account surpassing 50 million, with a stable monthly profit of around 70%, I want to summarize my practical experience over the years. Maybe it can help you avoid detours.

**Position Management is the First Line of Defense**
Dividing your funds into five parts was the earliest lesson I learned. Only invest one-fifth each time, setting a 10-point stop-loss. With this approach, a single mistake only loses 2% of your total capital. Even if you make five consecutive mistakes, you only lose 10%. Conversely, when correct, set a take-profit of over 10 points. Once this ratio is established, you don't need to fear being trapped.

**Follow the Trend, Don't Fight the Market**
Many people always try to catch the bottom, but there's a lot of knowledge behind this. During a downtrend, every rebound is a trap for trap traders; during an uptrend, every dip is a golden opportunity. Instead of gambling on a bottom, it's better to buy low and follow the trend. The win rate of following the trend is much higher. It's not a complicated theory, but few people truly implement it.

**Be Wary of Short-term Explosive Coins**
Whether mainstream or altcoins, coins that can go through several major upward waves are rare. I’ve found a pattern: coins that experience rapid short-term surges are unlikely to rise significantly afterward. When they reach a high level and stagnate, they naturally decline. The logic is simple, but greed often causes people to ignore this common sense, especially when seeing hot coins like $AXS.

**Practical MACD Trading Strategy**
When the DIF and DEA lines form a golden cross below the zero axis and then break above zero, it’s a reliable entry signal. Conversely, when MACD forms a death cross above the zero axis and moves downward, consider reducing your position. I’ve used this indicator for many years; its stability remains reliable.

**Adding to Positions Can Be a Trap**
The more you lose, the more you add; the more you add, the more you lose. This is one of the easiest traps to fall into in the crypto world. I’ve seen many people suffer big setbacks because of this. The correct approach is: hold steady when losing, and only add when in profit. Many people reverse this logic.

**Volume and Price Determine Breakout Quality**
Trading volume is the soul of the crypto market, and this is no exaggeration. Pay close attention to volume surges during consolidation at low levels, as this often signals the start of a new upward cycle. Conversely, when volume surges at high levels and prices stagnate, you should decisively exit, as this indicates a top.

**Moving Averages Indicate Major Trends**
Only trade coins in an uptrend to maximize your chances and avoid wasting time on sideways movements. A 3-day moving average turning upward signals short-term growth; a 30-day moving average turning upward indicates medium-term opportunities; an 84-day moving average turning upward signals the start of a main upward wave; and a 120-day moving average turning upward suggests a long-term bull market. Mastering the combination of these lines helps grasp the overall direction.

**Reviewing Your Trades Accelerates Progress**
Consistently review each trade to check if your logic for holding coins has changed, whether last week’s K-line patterns still match your original judgment, and if there are signals indicating trend changes. Through such summaries and adjustments, you can continuously optimize your trading strategy. Over these eight years, review has played a significant role in my progress.