Getting into the circle to trade, I initially thought that a few indicators and some understanding of K-line charts would be enough. Only after struggling in the market for a few years did I realize that this is not a technical issue at all—those losing moments are often when your own mind is fighting against itself.

Let me say something heartfelt. People who make money are never technical masters; they are those who can control their hands and stick to discipline. The biggest enemy in this market is your own emotions.

**Trading Driven by Emotions Has the Highest Cost**

When I first entered the circle, my biggest mistake was following the herd. When the market rose, all I saw were calls like "Get on board quickly," and I impulsively chased after them—only to get caught at a high position. When the market reversed, panic would instantly overwhelm reason, and cutting losses became the only option. Entering and exiting, paying fees along the way, and my mindset was completely ruined.

Conversely, during sharp declines, everyone shouted even louder, and I would panic along with them. But if I had calmed down and looked carefully at that time, many times it was actually an opportunity. However, I had already run out. Emotional trading is like going all-in in mahjong—winning is truly joyful, but losing can bankrupt you.

**Full Position is the Biggest Betrayal to Yourself**

I’ve seen too many people who, when a certain coin rises nicely, throw all their assets into it. What kind of strategy is that? That’s gambling. Once your position is full, your entire mindset collapses—any little wind or wave can keep you awake at night.

The problem is, in this state of mind, your judgment is greatly impaired. Trends that were clear before become doubtful after you go all-in. And the market never lacks opportunities; what’s missing? What’s missing is whether you still have money left to catch the real opportunity when it comes.

My current logic is simple: always leave enough ammunition for yourself. That way, when the market is good, you have the capacity to add positions; when the market is bad, you won’t be forced to liquidate. This is the way to survive longer in the crypto market.

**If You Don’t Know What Will Happen, Don’t Make Random Moves**

The most亏损 (biggest losses) often happen during these times: sideways at high levels,震荡 (oscillations) at low levels, market in a very ambiguous state. At this point, you don’t know whether it’s a false breakout or a real breakout, nor whether it will continue downward or rebound.

Retail traders are most prone to making the mistake of guessing the direction. Instead of wasting time on “I think it should do this or that,” it’s better to admit: there’s not enough information now, I don’t understand. Stay out of the market, wait and see the trend, let it tell you what to do. This choice is much smarter than gambling on luck.

I have a friend who particularly hates missing out on opportunities. As a result, he keeps entering and exiting during a very ambiguous sideways market, trading every day. It looks busy, but in reality, he’s just paying fees to the exchange. When the market finally clarifies, he’s already been worn out and has no patience left.

**During Sideways Markets, the Most Advanced Operation Is Not to Operate**

I’ve noticed an interesting phenomenon: in many people’s loss records, the densest losses happen during sideways periods. Why? Because sideways is essentially a standoff between bulls and bears, with no clear advantage. Repeatedly entering and exiting during this time, you pay enough fees to turn a potentially profitable trade into a loss.

Moreover, every entry and exit disrupts your trading rhythm. Your original plan gets thrown off by these small moves, and your mindset fluctuates accordingly. Someone who plays sideways for a long time finds that not only did they not make money, but they also lost some. But when asked, they can’t even clearly explain what went wrong—it's just that in unconscious tinkering, the market’s liquidity ate them up.

**Final Words**

Looking back at these years of trading, the moments when I made money often came with the most boring processes. Less action, fewer emotions, more thinking—this sounds boring, but it’s the real nature of this market. Bitcoin and the entire crypto market fluctuate daily, opportunities are constantly emerging, but the prerequisite is that you are still alive in this market—and the first key to survival is controlling your own hands.