After losing $6 million, I finally saw through it: success in crypto isn't about intelligence—it's about who can last longer. Whether you can actually make money trading crypto, I won't belabor the point anymore.

My account once broke into 7 figures. I've stepped into countless pitfalls and suffered countless losses. From these painful lessons, I genuinely want to share 10 iron rules with everyone:

If you don't want to completely exit the crypto space, you must remember these 10 rules:

1. Below $200k USDT, don't talk about value investing—only catch the main uptrend.
Crypto values timing and speed. With small capital, don't blindly pursue long-term value plays. Just concentrate on riding the major upswings and profit from the trend. Don't randomly bottom-fish—most apparent bargains are actually traps.

2. Don't chase blindly when good news drops; 99% of people get crushed and trapped within 24 hours.
Market sentiment is extremely unstable. Good news often turns into bad news after hitting the market. Don't chase rallies just because you see headlines, or you'll quickly get trapped.

3. Clear out altcoins before holidays; poor liquidity during holidays often means sharp drops after.
Based on years of experience, markets are quiet during holidays, and altcoin volatility is extreme. Try to avoid high-risk coins before holidays.

4. Below the yearly low isn't necessarily a golden pit; 90% of people get killed by catching the bottom too early.
Don't assume low prices equal opportunity. Many die waiting for bounces below the yearly low. Cheap doesn't mean safe—patience for genuine stabilization matters most.

5. Take profits around 8% recovery; don't always chase V-shaped reversals.
Most recoveries are just consolidation rebounds, rarely producing strong reversals. Lock in profits when you have them and wait for the next opportunity.

6. For short-term profits, focus on high volatility, high turnover, high controversy coins.
Short-term trading feeds on sentiment and heat. Big price swings, disagreements, active turnover—these create quick in-and-out opportunities.

7. Don't panic during crashes; only after consecutive large red candles and RSI drops below 20 is a reliable rebound signal.
Extreme panic often brings recovery. Wait for clear technical signals before acting—much safer than blind bottom-fishing.

8. Stop loss at 7% down without hesitation; stubborn holding to the end just gets swallowed by the market.
Stop loss is your lifeline. Wishful thinking and holding stubbornly usually only increases losses, ultimately destroying recovery chances.

9. Keep short-term trades simple: 15-minute golden cross for entry, exit at 5% profit.
Don't be greedy in short-term trading, don't hold positions—leave with small wins, execute strictly, and you'll be more stable than frequent speculating.

10. You don't need many strategies—master one simple approach and execute the main uptrend beautifully.
Learning a bunch of complex methods is useless. Find one system that suits you and master it. I've focused on main uptrends for years, abandoned complex operations, and actually gone much further and steadier.

Finally, stop being hurt by the word "bottom-fishing."
You think you're catching the bottom; most times the market has actually cleaned out your account.
Real reliable opportunities have strict conditions—you can't just understand them casually. If you can remember these rules and execute them properly, you'll already last much longer and move much more steadily than most people in crypto.
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