Having been involved in crypto trading for 8 years, I have seen too many people lose everything due to incorrect methods. Honestly, when your capital isn't large, it's better not to constantly tinker and manipulate yourself. Instead, capturing one major upward wave in a year can yield good returns. Holding a full position and constantly stop-lossing are both accelerators of losses.

Many people want to make quick money, but the amount you can earn will never exceed your level of understanding. I recommend beginners first practice on a demo account to develop their mindset and courage. Only when you truly understand should you move to real trading, because a single big loss could make you leave the market forever.

Regarding handling good news, if you don't sell on the day the major news is announced, a high open the next day is basically a signal of trapping—good news announced is often followed by bad news realization. Similarly, during major holidays like Spring Festival or National Day, you should start reducing or emptying your positions a week in advance; this has been the pattern over the years.

Mid- to long-term traders must keep enough cash reserves. The specific approach is to sell when prices rise and buy back during dips. This rolling operation is the best strategy and can effectively resist market volatility. Short-term trading is different; you need to watch volume and chart patterns, focusing only on active, volatile coins. Inactive ones are not worth the effort.

Understanding the rhythm of declines and rebounds is crucial—slow declines tend to have slow rebounds; fast declines often lead to quick rebounds. Mastering this rhythm can help you avoid many pitfalls. For short-term trading, 15-minute K-line charts are essential, and combining them with KDJ indicators can help find more precise buy and sell points.

The two most important points are: first, if you buy wrong, admit your loss; timely stop-loss to protect capital is fundamental to surviving in the market. Second, having many trading methods is useless; mastering a few core strategies is enough. Trying to do too many will only prevent you from doing anything well. Those who can survive long-term in the market rely not on perfect predictions but on quickly stopping and adjusting when they make mistakes.