Bleeding and trembling during losses, impulsive when fully invested—this is the true portrait of most people in the crypto market.

The night Akai was liquidated for the third time, he came to drink with me, his eyes full of regret: "I almost broke even this time, give me some more time and I’ll definitely make it back." I bluntly poured cold water on him: "Buddy, you didn’t just almost break even, you almost lost your last bit of hard-earned money."

His story is very representative. He initially invested $20,000, and his account once soared to $50,000, but within two weeks, he was back to square one. Unwilling to accept this, he started adding to his positions recklessly, compensating for losses with more losses, ending up with a complete mess. This operational pattern is basically the standard script for retail investors.

According to market statistics, in highly volatile environments, over 90% of traders who choose to trade against the trend will eventually get liquidated. More realistic data shows that in the past five years, less than 10% of retail investors have made money in the stock market, while the profit share of institutional investors has exceeded 28%. The gap is obvious at a glance.

**Trading Against the Trend and Holding on is a Wealth Destroyer**

Akai’s first fatal mistake was stubbornly resisting the market trend. When the market was falling, he kept adding to his positions, claiming to dilute his costs, but in reality, he was just grabbing that flying knife. Data shows that the win rate for contrarian trading generally does not exceed 30%, but once losses occur, they are often 3 to 5 times the profits.

In futures or leveraged markets like cryptocurrency, this risk is amplified infinitely. Many bloody cases in history tell us that leverage is like a double-edged sword—used well, it can help you ride the waves; used poorly, it can lead to a complete crash.