#美联储启动新一轮降息周期 $ETH Everyone, in the crypto world, I have a blunt truth to say: the thing that kills accounts isn’t the loss itself, but that one blind full-position operation.

$ZEC Especially for newcomers, with only a few thousand bucks in their pocket, they want to soar to the sky. When excitement kicks in, they place several orders, feeling invincible, then a single bearish candle directly eats through their principal. I've seen too many such scenarios.

$BTC I’ve experienced it myself. Ten years ago, I entered the scene with 20,000 USDT, thinking I was gifted and had sharp eyesight, with a bright future ahead. But what happened? Frequent trading, reckless averaging down, impulsively adding more, and within a few days, the account was in jeopardy. It wasn’t until a late night when I calmed down that I realized—it's not the market is too difficult, but that I was too impatient.

Since then, I’ve set up a "three-line of defense" for my funds. It sounds simple, but it helped me survive the most dangerous times.

**First: Strictly control your positions.** Don’t be blinded by FOMO. Use part of your funds to experiment; if you make a profit, gradually add to your positions; if you lose, cut losses decisively. Protect the principal, and the next opportunity will come to you.

**Second: Set buy and sell points in advance.** When prices are rising, don’t greedily want to buy at the highest; when prices are falling, don’t stubbornly try to catch the bottom. Most people lose not because they see the wrong direction, but because they keep wavering back and forth. A price correction can wipe out your profits entirely. What you need to do is plan where to exit before the market opens, rather than scrambling at the last minute.

**Third: Only engage in projects you understand.** No matter how many people hype it or videos praise it, if you truly don’t understand what this asset is for, it’s best to stay still. Assets you don’t understand can’t provide you with stable returns.

When the market is skyrocketing, stay calm intentionally; during consolidation, maintain your resolve. As long as your money is alive, you have the qualification to continue participating. Patience to hold on will naturally bring returns to your account. Not because you’re particularly smart, but because you’ve learned to go against your emotions.

Don’t think about getting rich overnight; first, ensure the money in your hands won’t shrink. Opportunities are always present in the market, but once you get liquidated, the game is truly over. To walk a steady and long road, start by giving up gambling everything, controlling impulses, and avoiding overconfidence.

The abyss is right there, my light shines only on one lamp—whether to surface or continue gambling, the choice is always yours.