There are too many people in the crypto world who suffer heavy losses from chasing highs and selling lows. Actually, there is a seemingly simple but highly effective method. While it doesn't allow you to dream of getting rich overnight, it can help you steadily pocket your profits. The key is to operate while summarizing your experience, gradually finding your own rhythm.

Let's first talk about the three major pitfalls in trading cryptocurrencies—avoid them at all costs.

The first pitfall is chasing highs. When the price starts surging upward, it's easiest to be driven by emotions. Remember this phrase—when others are fearful, you should be greedy; when others are greedy, you should be cautious. Develop the habit of entering only when the price drops, as this is when the market is panicking, making it the best time to position yourself.

The second pitfall is full position. This is like betting all your chips on one gambling table, with risks uncontrollable. The trading market is full of opportunities, but there's no need to stake everything. Once you're fully invested and caught in a downturn, there's no room to turn around, and the opportunity cost becomes terrifying.

The third pitfall is leverage contracts. This is no different from gambling—seeking quick doubling, but most people end up losing everything quickly. If you want to survive long-term in the crypto space, absolutely avoid leverage.

After discussing these taboos, I’ll share five tips for short-term trading.

First, consolidation patterns are very telling. After a high-level consolidation, prices often surge to new highs; after a low-level consolidation, they tend to continue probing for lows. So don’t rush to reverse; wait until the direction truly breaks out of the consolidation zone before acting.

Second, during sideways trading, it’s best to stay idle. Many people lose money during sideways phases by making unnecessary trades. Be patient and only participate when clear signals appear.

Third, candlestick patterns are very practical. Consider deploying on the daily chart when a bearish candle forms, and take profits or reduce positions when a bullish candle appears. Simple as it is, following this logic yields quite stable results.

Fourth, the pace of decline determines the rebound. Slow declines lead to gentle rebounds; accelerated declines often result in fierce rebounds afterward. Adjust your strategy dynamically based on this pattern—more reliable than blind trading.

Fifth, use the pyramid method for building positions. This is a fundamental principle of value investing—gradually increasing your position, buying more when prices fall, but decreasing the amount each time. This effectively controls risk.

Turning the crypto world around is not a dream; the key is to use the right methods. Stick to these ideas, and over time, you'll be able to enjoy steady profits.