Many people ask me how to trade cryptocurrencies to achieve stable profits. Actually, there is a seemingly simple but highly effective method. This approach doesn't require complex technical analysis, only discipline and patience.

First, break three habits.

Don't chase the rise. This is the most fatal mistake. Be greedy when others are fearful, and be fearful when others are greedy—I've heard this phrase countless times, but few can truly do it. Learn to act during a downtrend and turn it into a natural reflex.

Second, don't hold on stubbornly. Cut losses when the market is unfavorable; there's nothing shameful about that. Only by exiting alive can you have the chance to earn the next profit.

Finally, avoid full positions. This will make you be pushed around by the market and lose your initiative. The market is never short of opportunities—why use all your bullets at once? The opportunity cost of being fully invested is too terrifying.

Next, I want to discuss some core principles of short-term trading, which I have summarized from my experience in the market.

Consolidation often signals a breakout. After a coin's price consolidates at a high level, it usually pushes higher; after consolidating at a low level, it often makes new lows. The key is to wait for the trend direction to be confirmed before acting—many people lose everything here because they act prematurely.

Don't operate during sideways movement. This sounds simple, but most people lose money precisely because they can't do this—watching the market grind and being unable to resist the urge to chase.

Buy when the daily candle closes bearish, sell when it closes bullish. This timing isn't complicated; it just requires execution.

The rhythm of the decline is very important. When the downtrend slows, rebounds will weaken; when the downtrend accelerates, rebounds tend to come back fiercely. Those who grasp this rhythm can make quick profits.

The pyramid-style position building is an eternal truth in value investing. Enter in stages, gradually add positions, which can control risk and catch the trend.

The last principle is that the market will inevitably turn after consolidation. After a coin rises continuously from a high level or falls from a low level, it will enter a consolidation phase. This is the most testing of human nature—don't fully clear your position at the high, nor sweep everything at the low. Because after consolidation, a direction must be chosen. If it breaks downward, exit decisively; if it pushes upward, follow along.

I've seen too many people make money relying on luck, only to lose everything again due to greed. The secret to my success today is actually very cliché—be ruthless with the market, and even more ruthless with yourself.