#数字资产生态回暖 Last night, I received another inquiry during overtime: "Senior, I've been trading for over three years, why is my account still in the negative?"

My answer is straightforward: It's not that you don't have the chance to make money, but that you haven't learned how to protect the money you have.

Only those who have experienced "hard-earned profits wiped out completely" can truly understand this. But I still need to say—if you've ever had a moment where your account turned green but eventually returned to zero, then what follows is for you.

Making money depends on opportunity; preserving money depends on execution.

Too many people dream of catching a hundredfold coin to leap to a higher class, but the real test is: Can you control the size of each loss?

If your account drops 50%, you need a 100% gain to break even. This is basic math, not something psychological resilience can solve.

Making a huge profit in a single trade isn't hard; what's hard is ensuring that during every market adjustment, your drawdown is less than that of the trader next door. Over time, the power of compound interest becomes evident.

The biggest obstacle isn't technical skills; it's "counter-trend trading."

Humans are inherently afraid of missing out and regret, yet they become accustomed to being trapped. To avoid missing a wave of opportunity, they'd rather be deeply locked in a position, and justify it with reasons like "value investing."

This isn't strategy; it's a psychological trap.

The only lesson I've learned over these ten or so years: learn to go against your instincts.

When the market is collectively crazy, I observe; when the market is crying out in despair, I look for opportunities. If I encounter unfamiliar market conditions, I completely avoid them, waiting for clear signals in my trading system. I don't try to steal others' money; I wait for opportunities when others are too slow to react.

Your current level of understanding determines your ceiling:

**Coin-to-coin thinking**: Asking every day what the next hundredfold target is—emotionally driven by intraday K-line charts, always racing, always chasing.

**Systematic thinking**: Focused on your own trading rules; if the signals don't align, you stay on the sidelines, viewing K-line fluctuations as outside observers.

**Capital thinking**: Single trades' profit and loss are negligible; only the account's net value curve matters. A seasoned trader manages the entire lifecycle from opening to settlement, not just a lucky moment.

Finally, I want to share an insight I gained from $ETH 's trading:

"The moments when I appear the strongest are actually when I should be the most cautious; true weaknesses are often hidden beneath surface fragility."

When $BTC breaks new highs, I don't rush in; I wait for a pullback to confirm the trend. In a downtrend, I don't rush to bottom-fish; I wait until it stabilizes at a new support level.

Essentially, it's about using calmness to counter market emotions, and trend logic to manage fluctuations.

This market is never short of opportunities to double your holdings; what’s truly scarce is having enough capital to survive until the next opportunity arrives.

Only those who can keep their drawdowns within acceptable limits truly qualify to talk about the story of compound interest.