For friends who have been struggling in the crypto market for half a year without seeing any profit, this article might give you some inspiration. I have been in this industry for eight years. Although I have blown many accounts along the way and stepped on countless pitfalls, I ultimately achieved financial freedom. Today, I will organize and share the blood and tears lessons from this journey, highlighting ten most useful experiences. If you can learn something from them, you will be ahead of about 80% of retail investors.

First, let's talk about the first pitfall: when your capital is limited, never hold a full position. If you only have twenty thousand dollars, the key is not to trade every day, but to seize that one main upward wave. Waiting for the market to arrive is more important than anything else. Patience is actually your greatest capital.

The second lesson is particularly painful—people cannot earn money beyond their own cognition. Many traders get itchy and jump into real trading immediately, which is the easiest way to blow up. Practice with a demo account to build your mindset and courage. Failing a thousand times is okay, but one big mistake in real trading could mean getting out.

Regarding good news, there is an important reverse logic: good news becomes bad news once it lands. If a major positive announcement does not cause a rally on the release day, it’s wiser to sell decisively when the market opens high the next day; otherwise, you risk being trapped. These are blood lessons learned from countless practical experiences.

Be especially cautious during holidays. Reviewing historical data shows that reducing or even completely clearing positions before holidays is the correct choice. This is not some mystical theory but a recurring market pattern.

The core secret of medium- and long-term trading is, simply put, maintaining sufficient cash reserves, then selling high, buying low, and rolling over positions. Many people always want to ride a wave to the end, but that’s not a game retail investors should play; that’s the monopoly of big players.

If you want to do short-term trading, remember one thing: only choose coins with active trading volume and volatile price movements. Inactive assets not only waste your time but also gradually wear down your mental state.

The way the market declines is different, and so is the nature of rebounds. Slow declines often lead to frustrating rebounds, but accelerated declines can bring faster rebounds. Timing this rhythm is crucial.

When you make a wrong move, don’t hesitate—cut your losses immediately. As long as your principal is still in your hands, opportunities will always exist. This is the most fundamental principle for surviving in the market.

For short-term traders who monitor the market closely, look at the 15-minute K-line combined with the KDJ indicator; it can help you discover many good buy and sell points.

The final piece of advice: there are countless trading techniques, but you don’t need to master them all. Focus on one or two methods and perfect them; being highly skilled in a few is much better than being mediocre at everything. Every one of these ten experiences is forged with real money, and I hope they can help you avoid detours. Avoiding detours in itself is a way to make money.