How exactly can you make money in the crypto world? I recently saw a friend who followed my trading ideas and achieved over one million in profits in a short period of time. This made me realize that the true secret to profit isn't that complicated.

First is the mindset issue. When the market trend is not yet clear enough, never rush to act. Many people get stuck here—seeing some fluctuations in the market and losing patience. The smartest approach is to observe patiently and wait until the signals on the intraday and daily charts are clear enough before taking action. This way, your operations are much safer.

Second, you need to know when to let go. The market cycles of popular assets are limited; during the inflow of funds, the market can be very hot, but once the enthusiasm fades, the big players will withdraw as well. If you react too slowly, you can easily get trapped. So develop the habit of regularly reviewing your holdings and adjusting them to the most active sectors at the right time.

Grasping acceleration signals is also crucial. When a candlestick opens high and forms a bullish line, with volume significantly increasing, it indicates the market is accelerating upward. At this point, you should hold your chips firmly and not be scared by short-term fluctuations.

But beware of high-position risks. Once a huge bullish candle appears—whether at a high or low position—there is often a correction afterward. Even if it looks like a limit-up is imminent, you should decisively reduce your position because such beautiful trends often fade quickly, and profits should not be wasted.

Don’t neglect the basics of technical analysis. Learn to read moving averages, support and resistance levels—these key indicators help you judge short-term trends. For short-term traders, the performance of the 3-day to 1-week moving averages is usually enough for reference; there’s no need to track too many indicators and get overwhelmed.

There’s also a rule everyone in the circle knows but easily forgets: don’t sell when prices are high, don’t buy when prices are plunging, and do nothing during sideways consolidation. These three phrases encapsulate the philosophy of survival.

Finally, fund management. Never invest all your capital at once, because the crypto market changes faster than you can imagine, full of unexpected factors. Before building a position, ask yourself four questions: Why am I buying this asset? What is my planned trading rhythm? Do I have a plan if the price drops? Do I know how to respond if I get trapped? Only when these questions are thoroughly considered can you execute with confidence. Consistent profits are not a dream—they are the inevitable result of thorough thinking.