Trading cryptocurrencies for 8 years, I have struggled through countless liquidations and deep drawdowns, but in the end, I survived and accumulated profits of over 50 million. Today, I want to share the lessons learned from the pitfalls I've stepped into over the years, exchanged for real money.

Many people ask me what the secret to success is. My answer has always been simple—make fewer mistakes and survive longer. The crypto world is never about who makes the fastest profit, but about who can stay alive and make money in the market. Those who are willing to reach out but never do so recklessly, ultimately, are the ones who laugh last.

First, let's talk about capital management. In my early years, I lost a lot of money by rushing to double my position and going all-in. Later, I realized that for capital under 100,000, going all-in is really not advisable. Actually, just catching one major upward wave in a year is enough; the rest of the time is about patience and waiting. Frequent trading not only consumes energy but also increases the risk of missing bigger opportunities due to greed.

Understanding cognition is crucial. Before trading with real money, I practiced with a demo account for half a year to build my mindset because a demo account allows unlimited trial and error, but a single big mistake in real trading can lead to immediate exit. You can't earn beyond your understanding, which was my deepest realization early on.

I've fallen into the trap of good news more than once. If a major positive event doesn't materialize on the day, I will decisively sell when the market opens high the next day. This situation—where good news turns into bad—has happened many times in history.

Holidays require extra vigilance. History has proven multiple times that reducing positions before holidays is safer. I once suffered losses from a sharp decline before a holiday, and since then, I no longer hold onto hope or take risks during such times.

Regarding medium- and long-term trading, never think about "taking the whole wave." Always keep some cash to buy low and sell high, so you can avoid being harvested by market manipulators. For short-term trading, only focus on active coins with high trading volume and volatility; obscure coins are basically a waste of time.

The rhythm of the market movements is also very important. Slow declines are torturous, but rapid drops often lead to quick rebounds. Mastering this rhythm can save you from many detours.

Stop-loss is fundamental to survival. If you buy wrong, you must cut losses; as long as your capital is intact, opportunities remain. This is the core reason I am still here today.

Technical indicators don't need to be complicated. For short-term trading, 15-minute K-line charts combined with KDJ are enough to identify buy and sell points—simple and efficient, without unnecessary complexity. In fact, mastering one or two methods and practicing them to perfection is better than trying to learn everything.

These 10 pieces of experience are all earned with real money. If you're still lost in trading, at least these can help you avoid a few deadly pitfalls. Reducing detours is itself a way to make money.