I've seen too many people studying a pile of technical indicators late into the night, only to be taught a harsh lesson by the market in the end. I dare say that those who truly survive in crypto never rely on some sophisticated trading strategy.

The pitfalls that shrink your account usually boil down to three.

The first pitfall is chasing pumps. When the price skyrockets and you rush in excitedly, you're basically taking over the bag from the whales. The real pros quietly position themselves when everyone else is panic-selling.

The second pitfall is betting everything on a single coin. Without cash on hand, all you can do is watch when the market drops. Always keep 30% cash; only then do you have the capital to buy the dip when a crash comes. That's your confidence.

The third pitfall is the deadliest—going all-in. If you bet everything at once, any great opportunity that comes later has nothing to do with you. Position control isn’t about being conservative; it’s about giving yourself more chances to play.

Now, let me share a few truly useful tricks.

During sideways markets, don’t make rash moves. Many people get itchy hands when prices stagnate, but 80% of liquidations happen during these periods. Until a clear direction emerges, patience is winning.

When you see a big red candle, stay calm. That’s usually whales creating panic. Those in the know secretly get excited at these drops—opportunity is at hand.

After a crash, a rebound is inevitable—that’s a rule set in stone. The harder it falls, the stronger the rebound tends to be. Don’t panic during a waterfall drop; just have your ammo ready for the bounce.

Build positions like a pyramid. For every 10% drop, add 10% to your position, so your average cost gets lower and lower. Once you master this, even whales will be annoyed.

One more crucial point—understand what kind of sideways market you’re in. If it’s sideways after a huge rally, that’s a signal to exit—pull out your principal and let the profits run. If it’s sideways after a big drop, don’t fantasize about a reversal. Cut losses quickly if needed.

These methods may sound dumb, but it’s precisely these “dumb methods” that help you survive longer in the market. Crypto isn’t short of smart people; what it lacks are those who stick to the rules. Frequent-trading gamblers will eventually get wiped out. Those who stubbornly stick to principles are the real winners.

Remember, the market doesn’t reward the smartest people—it only rewards the most disciplined.