Gate Square Newbie Village Phase 5: Both bulls and bears train, only the awake can go far.

In the 18 months of engaging in cryptocurrency trading, the pitfalls I've encountered and the tuition I've paid all testify to the weight of the phrase "stay awake in a bull market, stay calm in a bear market."

During the most frenzied times of the bull market, coins like SOL and AVAX saw daily surges of 20% becoming the norm. I earned a 30% return by early positioning in SOL. During that time, opening the market software was exciting, and when I saw messages in the community saying "SOL is going to double," I couldn't help but follow the trend and increase my holdings, even entertaining the thought of doubling my leverage. Until one night, the expectation of a Federal Reserve interest rate hike suddenly heated up, and the crypto market collectively plummeted. My heavily invested SOL dropped from $120 to $95, wiping out all profits and resulting in a loss of 15% in a single day. Watching the numbers in my account continuously shrink, I stared at the screen all night without sleep—realizing that the profits in a bull market, without clear awareness and discipline, are ultimately illusory. Since then, I set strict rules for myself: if a single coin's profit exceeds 20%, I must take half of it; I will never touch "concept coins" that lack ecological support; and leverage will always be kept within 1x.

The bear market's trials are more grueling. In the second half of last year, the market remained sluggish, and the ETH I held dropped from $1800 to $1200, with my overall assets shrinking by nearly 40%. During those three months, I struggled daily between "cutting losses" and "staying true to value." Once, when ETH dipped below $1300, I almost couldn't resist liquidating my holdings, but while organizing my trading records, I discovered that the Layer2 ecosystem of ETH was steadily advancing, and the staking volume had not significantly declined, whereas those air coins with no real application had already seen declines exceeding 70%. I suddenly realized that the bear market is not the end of the world, but a screening period to filter out the false and retain the true. So, I stopped frequent trading and spent time studying project white papers, analyzing the development potential of the Layer2 track, and engaged in discussions about valuation logic with big players in the Gate Square, gradually building my own judgment system. When ETH dropped to $1100, I used idle funds to replenish my position in batches, gradually lowering my costs.

Looking back now, what the bull market taught me is "to respect the market, not to be greedy or impatient," while the bear market taught me "to believe in value and endure solitude." There are no shortcuts in trading; those who can navigate through bull and bear markets rely not on luck, but on maintaining their core values during the frenzy and cultivating their composure in the valleys.

May every trader be able to shed impatience in the alternation of bull and bear markets, and reap their own growth and composure. #Gate广场新手村第五期