A few days ago, a friend asked me why I can survive so long in this market, while others always buy at high prices and sell at lows. I thought about it, and instead of explaining complex technical analysis, I’d rather talk about some real stuff.

It’s a bit hard to hear, but I’ve been in this industry for 8 years, managing a considerable amount of assets. In the first few years, I kept making mistakes and paying tuition—blowing accounts, stepping into traps. Now, I can stay steady, entirely thanks to a few strict principles. Today, I’ll share these with you, hoping they might help.

**The True Face of Market Trends**

Surviving through these two bull and bear cycles, honestly, isn’t because my skills are extraordinary. Simply put, it’s knowing when to hide and when to push forward. Both technical skills and luck are illusions; staying alive is the real key.

The most deceptive market pattern is this: prices rise very quickly, but when they fall, they do so slowly and steadily. It looks gentle, but in reality, it’s often big players quietly accumulating at low prices, setting traps for retail investors step by step. You see the price going up, but in fact, you’re being locked in.

Conversely, there’s an even more covert pattern: a sharp drop from a high level, followed by a weak little rebound. Many people see the rebound and want to buy the dip, but that’s when they’re most likely to get caught. In reality, big players have already sold off at high levels, and they’re using the rebound to trick latecomers into buying in.

**The Key to Recognizing True and False Signals**

Most people panic when they see a sudden surge in volume at the top of the price, rushing to sell. But this doesn’t necessarily mean the top is in. However, one signal you must pay attention to: when the price reaches a historical high but trading volume drops significantly. If you don’t run now, chances are you’ll be the last bagholder.

There’s a cruel truth in the market that most people don’t see: when prices are rising, there are many people, lots of money, and high enthusiasm, but that’s exactly when the risk is greatest. Because the market’s liquidity is limited, how do early entrants get out? It’s inevitably a stampede. Conversely, during a big drop, although it looks terrifying, it can actually be safer.

**Why Learning to Wait Matters**

The longer you stay in this industry, the more you realize that making money is never hard; the hard part is not losing money. Some veteran traders I know might not have the most impressive account returns compared to some beginners, but why are they still alive? Because they protect their principal.

Many people think that poor rest and sleep don’t matter, but they don’t realize that making decisions in such a state is the easiest way to mess up. My experience over the years is that adequate rest and a clear mind are more valuable than any indicator. Sometimes, doing nothing is the best move.

**Final Words**

There will always be another opportunity in this market. Missing a bus isn’t the problem; the real issue is being stuck on the bus and unable to get off. Instead of chasing every profit, it’s better to ensure you survive long-term. Treat this as a place for continuous learning and iteration of understanding, not a casino for overnight riches. Living a relaxed life is much easier that way.