#以太坊行情技术解读 Last night someone asked me again: "Why have I been trading coins for three years and my money hasn't increased, but actually decreased?"

I told him directly—you're not bad at making money; you just can't hold onto it.

This may sound like nonsense, but you have to go through the feeling of "profits being given back" to truly understand the weight of this statement.

**Making money depends on the opportunities provided by the market; preserving your capital depends on your own discipline.**

Many people dream of catching a hundredfold coin, thinking that once it skyrockets, it's considered the top. But the real challenge lies here—**controlling your drawdown**.

If your account has dropped 50%, then you need to double your capital to get back to the original point. This is not a mentality issue; it's pure mathematics. Everyone has had one or two lucky shots making big profits, but what truly separates the experts? It's that with each decline, they lose less than others. Persist for three or five years, and the power of compound interest will kick in.

The most difficult part is never learning technical skills, but **acting against your instincts**.

Humans are naturally afraid of missing out, not afraid of being trapped. So, to avoid missing opportunities, they prefer to buy at high prices and get stuck, then tell themselves stories about "holding long-term." That’s not strategy; that's a problem.

In my ten-plus years of experience, I’ve only figured out one thing—**fighting against your own desires**.

When the market is extremely bullish, I stay calm; it's when everyone is hopeless that I pay attention. I completely give up on trades I don't understand; I only act when my trading system signals. Not to chase money, but to wait for money to come to me.

Your current level of thinking determines your ceiling:

**First level—Chasing Coins**: Constantly asking where the next hundredfold coin is, jumping at every K-line move, your heart jumping along with the chart, always chasing and always getting cut.

**Second level—Strategy**: Developing your own trading logic; if it fits, do it; if not, watch the show. Whether prices rise or fall, it has nothing to do with you.

**Third level—Account Management**: Not caring whether a single trade makes or loses money, only focusing on the long-term trend of your capital curve. True winners manage the entire lifecycle of their accounts, not just one lucky shot.

I’ve been trading ETH for many years, enough to make several generations of ordinary people wealthy. And I’ve summarized this core principle:

**"When the coin price is strong, show weakness; truly strong traders don’t chase highs. When the price is weak, don’t pretend to be strong; wait until it confirms the bottom before acting."**

This is going against human nature, riding with the trend.

The market is never short of opportunities; what’s missing is the capital to stay alive to see the next wave. Those who can control their drawdowns have the qualification to talk about compound interest.