Ten practical tips for trading cryptocurrencies, guaranteed to help you avoid detours!

1. If you have limited funds, like under 200,000, catching two or three major rallies in a bull market is enough; don't always think about going all in. Be bold enough to go to cash, wait for opportunities, and use your profits to bet on the next big rise.

2. One can only earn money they understand. Start with small amounts to practice, and you must have the right mindset and courage. Don’t be too upset if you lose; putting in everything and losing once might end it all, or even force you to exit the market.

3. When major news comes out, it’s okay not to sell on the same day, but if it opens high the next day, you should sell quickly, as good news often turns into bad news.

4. A week before major holidays, reduce your positions or go to cash, as markets usually drop during holidays.

5. For medium to long-term trading, keep cash on hand; sell when it rises, buy when it falls, and keep trading back and forth.

6. For short-term trading, watch the trading volume and patterns; if the pattern is active, be aggressive in buying, and avoid when it’s not.

7. Slow declines lead to slow rebounds; fast declines lead to fast rebounds.

8. If you buy wrong, acknowledge it, cut losses promptly, and preserving your capital is the key.

9. For short-term trades, check the 15-minute K-line chart; the KDJ indicator can help you find good buying and selling points.

10. There are countless trading tips for cryptocurrencies; mastering a few practical ones is enough, don’t be greedy and bite off more than you can chew.