A summary of experiences in trading cryptocurrencies. All practical advice. Everyone can take note and learn.

1️⃣ If the amount of capital is not large, for example, within 200,000, seizing a major upward trend once a year is enough; do not always operate with a full position.

2️⃣ The money you earn will not exceed the scope of your understanding. First, practice with a simulated account to develop a real mindset and courage. Simulations can fail repeatedly, but a single failure in real operations may result in losing everything and even staying away from the market thereafter.

3️⃣ When there is significant positive news, if you do not sell on that day, you must sell on the next day when the opening is high, as positive news often means negative outcomes when it is realized.

4️⃣ One week before major holidays, you should gradually reduce your position or even liquidate it, as holidays usually lead to market declines.

5️⃣ The core of medium to long-term strategy is to maintain sufficient cash. Sell during uptrends and buy back during downtrends; rolling operations can better cope with market fluctuations.

6️⃣ Short-term trading should focus on trading volume and price patterns. Targets with significant fluctuations and activity can be traded, while dull ones should be avoided.

7️⃣ When the decline is slow, rebounds will also be slow; conversely, when the decline accelerates, rebounds usually come faster.

8️⃣ If you make a wrong purchase, be decisive in admitting the mistake and cut losses in time. Preserving capital is key to survival.

9️⃣ When engaging in short-term operations, always refer to the 15-minute candlestick chart and use the KDJ indicator to find suitable buy and sell points.

🔟 There are many techniques and methods for trading cryptocurrencies, but mastering just a few is sufficient; avoid being greedy and wanting to know everything.