Five years ago, I entered this market with just a few thousand yuan, full of the idea of "one coin, one villa." As a rookie, I thought I was invincible, but on the first day, reality hit me hard—my account shrank by a third.

That period was truly tough. After half a year, seeing the remaining funds in my account, I wanted to quit completely multiple times. But it was precisely during the most desperate moments that I suddenly understood a principle: surviving in this market is far more important than making quick money. The ability to avoid pitfalls is, in itself, the most efficient way to make money.

**Small amounts of money shouldn’t be reckless; learning to wait is key**

I’ve observed too many people holding small capital but trading every day as if missing out on trades would be disastrous. When you factor in transaction fees, they often eat up all the profits. The common trait among such people is—losing everything thoroughly.

The true advantage of small capital isn’t frequent trading, but enough flexibility. How to use it? Usually, just be an observer, trade less, watch the charts more. When a major trend truly arrives, act decisively. The gains from a core trend can offset all the hard work you’ve put in over half a year.

Don’t underestimate the importance of one or two key opportunities a year. Those who have survived until now understand that making money isn’t about moving every day, but about seizing those market movements that can truly change the game.

**When good news is announced, it’s time to think about exiting**

This is a painful lesson I learned from real losses. Once, a mainstream coin surged 50% in one day due to major positive news, and I was so excited I couldn’t sleep. At that moment, I truly thought this was just the beginning, and the coin would soar to the sky.

What happened next? The next day, it opened 20% lower, and the unrealized gains instantly shrank. After experiencing this several times, I realized: the market never waits for news to rally. Smart money has already positioned itself in advance. When good news becomes common knowledge, it’s usually the moment when these funds quietly withdraw.

Now, my approach is: whenever good news appears, my first reaction is to identify the exit window.