Having been in the crypto circle for just over a year and still not reaching a million in your account? An old-timer in the crypto world has been deeply involved in this market for 8 years. Through steady trading strategies, he has accumulated 50 million in profits. Recently, he shared his 10 ironclad practical rules accumulated over many years all at once. These are tested experiences from real combat.

**Fund Management is the First Lesson**

If you only have less than 200,000 in funds, don’t think about frequent trading. There are many major market movements in the crypto space, but the true main upward waves may only occur a few times a year. Instead of going all-in every day to gamble, wait for the right opportunity to come. Leave enough room for adjustment so you won’t be overwhelmed by short-term fluctuations and lose your composure.

The trading ceiling is often limited by cognition. A demo account is your testing ground; no matter how much you tinker, you won’t lose real money. Some people rush to verify their ideas with real trading, but a major mistake could wipe them out of the market instantly. Use demo trading to hone your mindset and courage—this is a mandatory course before entering the market.

**The Trap of Good News Landing**

Even major coins like ETH are subject to this rule: if no sell-off occurs on the day of a major positive announcement, you must decisively take profits the next day when it opens high. This is not a coincidence but a trend pattern summarized over decades in the crypto space. Once good news is digitalized, it often turns into bad news; this logic is unbreakable.

A decline on the eve of a holiday is normal. Check historical market data; the probability of prices dipping during holidays is very high. Instead of gambling for quick gains, start reducing positions or even going completely flat a week in advance to hedge risks. The gains from risk avoidance are often more stable than active trading.

**Medium-Long and Short-Term Strategies**

Medium-long-term trading focuses on liquidity. Always keep sufficient cash on hand so you can flexibly adjust your positions at different price levels. Sell some when prices go up, buy in batches when they fall. This rolling operation can generate continuous profits in volatile markets. Cash is the hardest currency in this market.

Short-term trading has very clear stock selection criteria: only focus on volume and candlestick patterns, only trade active and volatile assets. Avoid long-term dead coins; in markets with sparse volume, there’s no arbitrage space.

**Understanding the Rhythm to Master Buy and Sell Points**

The speed of decline determines the strength of the rebound. When the decline slows down, the rebound can be frustrating and may last a long time; but when the decline accelerates, the rebound is often fierce but very short-lived. Learning to read this rhythm allows you to precisely hit buy and sell points.

There’s no room for negotiation on stop-loss. If you judge incorrectly, exit immediately. Protecting your principal is the first rule for survival in this market. With such intense volatility, knowing when to admit defeat and exit is essential to preserve capital for future recovery.

The 15-minute candlestick chart is a barometer for short-term trading. Combining it with the KDJ indicator can help capture buy and sell signals more accurately. Small-cycle indicators are more aligned with short-term volatility and can help you avoid most trap setups like false breakouts and fake reversals.

**One Skill to Rule Them All**

There are countless trading techniques, but only a few can truly generate stable profits. Instead of chasing many methods, focus on perfecting a few. Concentrating on this one skill can help you survive longer in the long-term competition of the crypto space.