Below are ten invaluable lessons that should be engraved on the front page of your trading journal:

1. Small funds require great patience
When your principal is less than 50,000, resist the temptation of frequent trading.
Only catch one major upward wave per year; the loneliness of waiting is more valuable than the impulsiveness of trading.
2. Demo trading is a test of cognition
Complete at least one hundred full trading cycles using a demo account.
The harsh reality of live trading is: it never tolerates cognitive flaws.
3. Good news fully priced in is bad news
The best time to exit is on the day major good news is announced.
A high open the next day? That’s a gentle trap the market leaves for slow responders.
4. Reduce positions before holidays
Historical data shows that those holding over 70% of their positions before a holiday experience an average retracement of 23% afterward.
When liquidity dries up, even the best logic cannot withstand selling pressure.
5. Use rolling strategies for medium to long-term trades$BTC
Always keep 30% cash reserves and trade around key support and resistance levels.
Those trying to eat the whole fish often end up with nothing but fish bones.
6. Only trade active assets in short-term
Exclude coins with a daily trading volume ranking in the bottom 50%.
Short-term trading is about dancing with liquidity, not struggling in dead water.
7. Speed of decline determines rebound strength
Slow declines are often followed by prolonged bottoming; rapid crashes tend to trigger violent rebounds.
This is the thermometer of market sentiment.
8. Stop-loss is a survival skill
Exit immediately if a single loss reaches 3%.
The smoothness of your account curve is always more important than the outcome of any single trade.
9. Watch the 15-minute chart
Combined with the KDJ indicator, this cycle can capture most intraday trading opportunities.
Use larger cycles to determine direction, smaller cycles to find entry points.
10. Mastering one technique is enough
Thoroughly study the moving average system; it’s far more effective than superficially trying ten different indicators.