#数字资产动态追踪 A decade and a half of trading has taught me what it truly means to be a "loser."

As soon as money enters the market, even a slight shake in the K-line can wipe it out. Back then, I would always blame the market for my losses, complaining about the merciless行情 and the坑 of exchanges. Only later did I realize—the real opponent isn't on the chart; it's in the mirror. Greed, impatience, and the desire to turn things around with a single trade—these three together, no one can survive the first wave.

Although I wouldn't call myself an expert now, at least I haven't been completely wiped out by a major market move over the years. The lessons learned from the fees buried in my trading costs may sound harsh, but they really help you lose less money.

Let's start with the first trap: **Thinking of recovery when you're already trapped**.

Floating losses aren't deadly in themselves. What's deadly is the self-deception—the constant feeling that "a little more pull and I'll be profitable," leading to repeated averaging down, trying to stack the cost with volume. Little do they realize, unplanned averaging down is just adding leverage to risk. Many people die because of this mindset—small losses turn into big ones, big losses lead to margin calls.

Second trap: **The sideways market trap**.

After a big surge, most people relax their vigilance. The market is gathering strength, preparing for the next move, but you think the storm has passed. The more boring the行情, the more itchy your hands get, and the more reckless trades you make, leading to quick death. The smartest move during such times is to do nothing.

Third trap: **The full position—this death trap**.

Being fully invested looks like a gamble, but in reality, it’s locking yourself out completely. With assets like $BTC, the market never follows your plan. One misjudgment, no retreat, and you're out. Keeping some cash or reserve positions isn't cowardice; it's leaving yourself a way out.

And finally, the harshest truth: most of the淘汰者 in this game aren’t because of lack of skills, but because their mindset collapses first.

When you're making profits, you start to get cocky; when you're losing, you get impatient. Such emotional swings will eventually lead to disaster. I never expect to get rich overnight; I just want to survive longer, step by step. If you share this mindset, then we are on the same path.