After trading for so many years, I've seen too many people enter the market and lose everything within half a year. Instead of listening to those vague calls every day, it's better to spend ten minutes learning from the real pitfalls.

From starting zero to now, I’ve accumulated some experience over eight years, along with paying a lot of tuition fees. Those positions that blew up and the bloodshed I endured have all turned into these ten lessons. If you take them to heart, you can basically outperform most retail investors.

**The first misconception is wanting to go all-in with little capital.** There's really no need. When the market is good, catching just one main upward wave in a year is enough to sustain a whole year’s life. The key is patience before the market arrives; waiting in cash may seem boring, but it’s actually the smartest move.

**Cognition determines the ceiling of your profits.** Many people have heard this, but few can do it. I recommend everyone practice on a demo account first, don’t rush to use real money. The advantage of a demo is that you can fail infinitely, but real trading is different—one big mistake could mean the end.

**The moment a positive news is realized is often the selling point.** This sounds counterintuitive, but that’s just how the market works. If there’s no big rally at the close on good news, be cautious the next day when it opens high, as you can easily get caught. Conversely, bad news often becomes a buying opportunity.

**Reduce or even completely clear your positions before holidays.** This isn’t just my observation; historical data repeatedly proves it. The days before holidays are especially prone to declines. Instead of passively following the market, it’s better to exit early.

**Mid- to long-term trading tests your mindset and cash reserves.** Some people always want to ride a wave to the end, but that’s not suitable for retail traders. The reliable approach is to keep enough cash, sell some when prices are high, buy some when low, and roll over repeatedly. This not only lowers your average cost but also keeps bullets for big moves.

**For short-term trading, choose active coins.** Coins with low volume and small fluctuations are not worth touching; they waste time and hurt your mentality. Pick those with obvious daily volatility, and you'll find more opportunities.

**The rhythm of decline is very important.** Slow, gradual dips can be very frustrating to rebound from, but if the decline accelerates, rebounds tend to come quickly. Master this rhythm, and you can catch the bottom at the right time.

**Admit mistakes immediately.** Stop-loss sounds simple, but sticking to it is hard. As long as your principal is still in hand, opportunities always exist. This is the fundamental way to survive in the market.

**Short-term trading must focus on 15-minute K-line charts.** Combined with the KDJ indicator, it can help you find many golden buy and sell points. Don’t be fooled by noise on 5-minute charts; mid-term trends are more trustworthy.

**There are too many technical methods; you don’t need to learn them all.** Master one or two, practice them to perfection, and the results will be better. Many people know a little about everything but aren’t proficient in anything, and in the end, they still lose.

Each of these ten lessons is learned through real money and blood. Avoiding these detours will greatly increase your survival chances in this market. In the crypto world, those who can survive are never the luckiest, but the ones with the strongest execution and the clearest risk awareness.