Staring at the candlestick charts fluctuating on the market, I suddenly understood a truth — this circle is not a casino, but a journey of testing human nature.

Five years ago, when I first entered the crypto world, like most beginners, I was full of thoughts of "getting rich overnight." Reality gave me a loud slap — in less than three months, my account shrank by 70%. That heavy loss woke me up: operating without a methodology is essentially gambling.

Since then, I started to carefully analyze trading logic. From starting with 10,000 yuan to breaking through 1 million in my account for the first time, it took three years. During this period, I tasted the despair of a late-night liquidation and the thrill of accurately escaping a top. Today, I want to share these nine practical experiences, all built from real money, hoping to help you avoid a few pitfalls.

**01 Small capital should be flexible; focus is the key to winning**

What is the most common mistake for those with small capital? Greed. Always wanting to seize all opportunities at once, ending up missing them all. I once saw a post-90s e-commerce entrepreneur who saved 1 million over five years, but lost it all in two months — the reason was simple: he chased too many hot topics at once, spreading his energy too thin.

I set a strict rule for myself: only capture one high-confidence opportunity each day. The advantage of small capital is precisely its flexibility, quick entry and exit, and light psychological burden. The key is to find your own rhythm and stick to it.

**02 The market is most dangerous when it’s euphoric; decision-making ability is more critical than analysis**

There’s an old saying in the circle: "When good news is exhausted, it becomes bad news." Everyone understands the logic, but few can execute calmly. During Bitcoin’s surge to $20,000 at the end of 2017, the market went completely crazy, with countless people chasing the high, only to see a 70% crash later.

My current discipline is this: as long as the good news isn’t realized on the same day, I will strictly take profits the next day. No matter how thorough your analysis is, execution is the final dividing line.