If you want to survive in Cryptocurrency Trading, remember these 10 painful lessons!

First, if you have a small capital, don't mess around. With less than 200,000, it's better to wait for a big market movement. Making one good profit in a year is enough. Always being fully invested is equivalent to giving money to the market makers.
Secondly, practice on a demo account first; if you mess up with real money, it may take you a lifetime to recover. Making money relies on understanding; the money that exceeds your understanding will eventually be returned.
Third, when good news comes out, if you don't run on the same day and the next day opens high, you must run. How many old investors have died from not wanting to sell, and as a result, it takes half a year.
Fourth, reduce positions in advance during the holidays! The rule that cryptocurrency trading always drops during holidays is more accurate than your own mother's advice; those who don't believe it have already been liquidated.
Fifth, for medium to long-term positions, you should know how to trade in waves. Sell when the price rises significantly and buy when it drops sharply. Keep enough cash on hand and avoid going all in.
Sixth, for short-term trading, only play with those active coins that have high trading volumes; only those with exciting price movements are worth it, and don't even touch the ones that are half-dead.
Seventh, a slow decline will gradually rebound, while a sharp drop is often accompanied by a violent rebound; this rhythm must be grasped accurately.
Eighth, if you buy the wrong one, quickly acknowledge the loss; stop-loss must be fast, accurate, and decisive. The principal is your life; if you lose your life, what’s the point of playing?
Ninth, the 15-minute K-line combined with the KDJ indicator is a short-term magic tool, and the buy and sell points are accurate, which is a hundred times better than guessing.
Tenth, focus on the quality of moves rather than quantity; mastering two or three moves is enough, as learning too many can lead to faster downfall. Remember, the cryptocurrency world is specifically for those who refuse to comply!
Because I got caught in the rain, I want to help the new ones who just entered the market to avoid the biggest risks for everyone!