Ten years ago, I entered the Digital Money market with 30,000 yuan, and now my assets have surpassed 10 million. This journey has not only allowed me to witness the successes and failures of countless individuals but has also made me deeply understand that in this market, the ability to survive in the long term is far more important than short-term profits.

Survival is the top priority. Risk control is not just a technique, but an essential means of protecting oneself. My experience tells me that it is wise to divide funds into multiple parts and only use one part for investment at a time. At the same time, setting stop-loss points is crucial: if a single loss exceeds 10%, close the position promptly, and if monthly losses exceed 20%, temporarily stop trading. Give up the fantasy of 'recovering losses'; preserving capital is the only way to continue the game.

Market trends are an undeniable force. Profiting during a major bull market is often not due to individual wisdom, but rather in line with the overall market trend. I have observed that when the 30-day moving average and the 120-day moving average are moving upwards simultaneously, it usually signals the arrival of a bull market; conversely, when the moving averages diverge and move downwards, it may indicate a bear market. Go with the trend and do not attempt to operate against it.

In terms of technical analysis, I tend to use simple and effective indicators. A MACD golden cross accompanied by an increase in volume is usually a good time to enter the market. An increase in price with shrinking volume may be a trap, while a decrease in price with expanding volume could indicate a real crash.

Common misconceptions that novice investors often fall into include: overly focusing on short-term fluctuations while ignoring long-term trends, blindly following others' advice without independent thinking, and overtrading leading to high fees and taxes.

Remember, in this market, patience and discipline are often more important than talent. Stay calm, keep learning, and adjust your strategies as needed to survive and succeed in the long term in this market full of opportunities and risks.