Many people lose money trading cryptocurrencies, but it's not because they are not smart enough; rather, they violate the most basic trading discipline. An experienced trader shared his story: turning a loss of 800,000 into breaking even and doubling up, not through complicated techniques, but through a combination of three "never do" rules and six simple trading maxims.

Let's start with these three bottom lines—

**Never buy during an uptrend.** Instead, do the opposite: be greedy when others are fearful, and fearful when others are greedy. True opportunities appear during declines, and this should become a trading habit. $ETH, $BNB, and other mainstream coins are no exception.

**Never chase orders.** This is the first rule of risk management.

**Never be fully invested.** Trading with full position means passive suffering losses, and this market is full of opportunities. The biggest cost of full position trading is losing the flexibility to respond to the next wave of market movements.

Next are six practical trading maxims—

**First:** After a coin consolidates at a high level, it usually makes a new high; after consolidating at a low level, it often makes a new low. The key is to wait until the trend direction becomes clear before acting.

**Second:** Do not trade during sideways consolidation. Many people fail because they can't do this, leading to repeated losses in choppy markets.

**Third:** When choosing candlestick signals, buy on a daily chart when a red (down) candle closes, and sell when a green (up) candle closes.

**Fourth:** When the decline slows down, the rebound is also slow; when the decline accelerates, the rebound accelerates too.

**Fifth:** Use a pyramiding approach to build positions. This is a timeless principle of value investing and applies to volatile coins like $SOL.

**Sixth:** After a coin continues to rise or fall, it will inevitably enter sideways consolidation. At this point, there's no need to fully sell at the high or buy fully at the low. The real trading opportunity is after the consolidation when the trend changes.

The core logic is simple: do less, wait, and act at the right time. Beginners might think these are common sense, but very few can actually execute them—this is the dividing line between those who make money and those who lose.