The biggest taboo in trading cryptocurrencies is overcomplicating things. I’ve been in the crypto space for 8 years, from losing 300,000 yuan at the start to now being able to generate stable profits. I’ve navigated through more pitfalls than many coins have experienced. Today, I’ll share the lessons I’ve summarized over these years. This isn’t some "secret formula," but practical insights to help you avoid common traps.

**If You Have Limited Funds, Focus More**
I often see beginners with 100,000 or 200,000 yuan staring at their screens all day, chasing every hot trend. As a result, they pay high transaction fees and their accounts shrink instead. Honestly, with a small principal, being able to accurately catch one major upward wave in a year is already good. Such returns are quite substantial. Most importantly, always keep enough emergency funds—I personally always keep 30% in cash. When the market dips, this cushion allows you to survive longer.

**Mindset Must Be Cultivated**
Even after watching countless tutorials, do you still lose money? Eight or nine times out of ten, it’s due to mindset issues. I’ve made the same mistake myself—selling after a 2% gain, holding on after a 3% drop. Later, I spent half a year practicing on a demo account and finally broke the bad habit of "chasing highs and selling lows." The benefit of a demo account is that you can try endlessly; once real money is involved, problems can mean immediate exit.

**When Good News Arrives, Act Quickly**
This is a lesson learned with real money. In 2020, there was a major positive development. I saw the price surge and thought, "Maybe I should wait a bit longer," but the next day it opened high, and I got caught. Since then, I’ve learned to be smarter—once positive news is confirmed, I exit immediately. Don’t think you can squeeze out a little more. Over time, you’ll realize that leaving early is always better than greedily holding on until the end.