Having navigated this market for so many years, I have seen too many people disappear in losses. My account has also experienced brutal drawdowns – falling from a peak, not only did it suffer a 50% Slump, but the worst was yet to come. During that time, insomnia became the norm; the first thing I did when I opened my eyes at midnight was to stare at the market data.

It was only later that I gradually realized that the real problem does not lie in how dangerous the market is, but in the fact that we trade in the most inhumane way possible.

Most people have fallen into the same trap: when there is a fall, they stubbornly hold on, their minds filled with "waiting to break even"; when there is a slight rise, they rush to exit, fearing that profits will disappear in an instant. And the result? The market doesn't follow your psychological script at all.

Those who can survive here have a very simple approach — they dare to hold on when the market is favorable, and immediately admit defeat when the trend turns bad. In simple terms, it's about letting profits run while quickly closing out losses. It's not about getting rich overnight; it's purely about not being pushed out of the market.

There is another thing that is severely underestimated called trading volume. Volume is the pulse of the market.

You will find that those cryptocurrencies that can slowly climb even with reduced volume often hide opportunities behind them. Conversely, if the key level is broken and the volume decreases while the price moves sideways, it is actually the market giving you a second chance to enter. However, if the trading volume increases and the price remains unchanged, it's time to sound the alarm.

Position management can directly determine your life and death. The more targets there are, the easier it is to lose your mindset, and the operations can easily go awry. Two or three targets are enough. Any more would not be called diversifying risk; it would be called scattering your attention into pieces.

The last piece of advice, especially heart-wrenching: after making some money, you must let yourself stay in cash and rest for a while. The most brutal moments in the market often come right when you feel that you've just "enlightened" yourself. There will always be market data, and there will always be the next opportunity. The key is whether you can control your hands, which determines how long you can survive.