Say the simplest but most effective method——the simpler, the better to clean out profits. The key is whether you can resist three things.

**First, three ironclad rules:**

Don’t chase the rise. Seeing the coin price surge and feeling itchy? Entering at this time is just helping others lift the price. Remember Buffett’s old saying is not for nothing—opportunities come during declines; you need to develop a conditioned reflex.

Don’t place excessively large orders; there’s nothing more to explain about this.

Don’t go all-in. When you’re fully loaded, you’re like meat on a chopping block, unable to move. This market is never short of opportunities; what’s lacking are bullets—if your position is full, the opportunity cost is ridiculously high.

**Next, six short-term trading tips:**

**At high levels, there’s often still momentum to hit a peak; at low levels, sideways movement usually means a new low is coming.** So don’t rush; wait until the direction is clear before acting.

**When the market is sideways, take a break.** Too many people lose money because they recklessly trade when there’s no trend.

**Make decisions based on the closing color of the candlestick:** consider buying in if it closes red (bullish), consider selling if it closes black (bearish). Simple and crude, but effective.

**If the decline is slow, the rebound is also slow; if the decline is sharp, the rebound tends to be fierce.** This is a true reflection of market sentiment.

**Use the pyramiding method for building positions**—this is one of the few ironclad rules in value investing; entering in batches is always safer than going all in at once.

**When the market has risen for a long time, it tends to consolidate sideways; after a long decline, it tends to stabilize.** At this point, never clear all at the high point or go full position at the low point, because after consolidation, change is inevitable. Breakdowns from high levels should prompt you to run quickly; otherwise, you should gradually push in.

That’s all the methods. The difficult part isn’t knowing, but doing.