A friend's story really hits home. A few years ago, he was laid off at his company, and the boss casually gave him some compensation to send him off. He didn’t argue, handed over the work neatly, and left, even putting that boss on the blacklist.

Later, the company ran into big trouble, and the boss realized his value, but it was too late. The project was left unfinished, partners ran away, and the company eventually collapsed. And he? With that little compensation, he dove into the crypto world. Relying on his programmer’s logical thinking and execution skills, he managed to multiply his funds a hundredfold in less than two years.

He later summarized eight practical insights he gained from his struggles in the crypto space. I think these lessons can inspire many people, so I’d like to share them.

**Eight Practical Trading Principles**

**1. Buy the dip early in the morning, take profits on early surges**

Morning volatility is often the fiercest, but also the most opportunities. Dare to buy when it dips, dare to sell when it rises—it's that simple and straightforward. Many people do the opposite, only to get repeatedly slapped in the face.

**2. Don’t chase after sharp rises; the deep dips in the afternoon are the real opportunities the next day**

Seeing a coin tank and feeling anxious to follow the trend? Nine out of ten times, you’ll lose money. Conversely, the big drops in the afternoon often hide rebound opportunities for the next day. Be patient, don’t always try to bottom fish—there are plenty of bottoms out there.

**3. Don’t panic during morning plunges; wait patiently during sideways consolidation**

Morning drops can be scary, but don’t rush to cut your losses. The real test of your mindset is sideways movement—no clear trend, staring at the screen but unable to act. At this point, learn to stay put; some market conditions aren’t worth participating in.

**4. Don’t sell before reaching your target price; don’t buy before hitting your psychological level; if you don’t understand, take a break**

This is the most disciplined test. Set your price levels and stick to them. Don’t get excited and sell just because it’s up a few points, nor buy impatiently after a small dip. True experts keep tormenting themselves this way—only act when the price hits your preset level.

**5. Red candles are for buying the dip, green candles are for selling the rally**

Candlestick patterns speak volumes. When the red line is rising, smart traders start reducing their positions; when the green line plunges, the wise add to their holdings. It’s not contrarian trading, just following the rhythm.

**6. Stay calm when everyone is crazy, be greedy when everyone is panicking**

This is the hardest and most valuable skill in crypto. When the community is celebrating wildly, ask yourself rationally why it’s rising; when everyone is shouting for help, see the opportunities others miss.

**7. Be patient during consolidation; act decisively when the trend becomes clear**

Consolidation phases can be the most frustrating, sometimes lasting a week or ten days without a clear direction. But once the trend is clear, don’t hesitate—place your bets. Hesitation will make you miss the best entry points.

**8. After a long sideways period, a sudden surge is almost always the top**

This is a hidden trap. After prolonged consolidation, a sudden volume spike and rally may look comfortable, but often it’s the main players offloading. Be aware and take profits, lock in gains—don’t be greedy.

Markets are always there, opportunities always exist, but not every chance should be seized. The real money-making logic is to find the certain rhythm amid change and stick to it.