In the early days of entering the circle, I was a trading fanatic—couldn't sit still without making moves every day, afraid of missing out on a fleeting opportunity to get rich. But reality hit hard: frequent trading not only didn't make me money, but also ate into my principal through fees and slippage.

It wasn't until later that I understood a principle: most of the market time is just boring garbage time. In a year, there are probably only two or three truly worthwhile trading opportunities.

Take April 2023 as an example. Bitcoin hovered around $28,000 for more than half a month. During that period, I held back until the weekly chart broke above $30,000 before taking action, which resulted in catching the $35,000 wave. Conversely, those who chase every rise and fall? They were shaken out early in the volatile market. Look at how the experts do it—like hunters crouching in the bushes, the moments they actually pull the trigger are few, but their accuracy is unmatched.

The second trap is adding to positions against the trend. This is the most toxic trap in the crypto world. I’ve seen many people (including my own missteps) do this: when SOL dropped from $120 to $90, they kept pouring money in to average down, only to watch it continue crashing to $60. Once a trend is established, it won't turn just because your average cost is in your mind. My current rule is: in an upward trend, only buy at support levels; if it breaks below the 60-day moving average or other key levels, cut and run immediately; even in a downtrend, if there's a rebound to resistance, reduce your position. Never dream of a "V-shaped reversal" like a spring and autumn.

Remember one thing: small losses are a sign of risk awareness; big losses become a human disaster.

Finally—profits must be realized through "selling," not just hoped for. Many people aim for a 50% gain to double their money, then want ten times their initial investment after doubling, and end up riding a roller coaster. In the 2021 bull market, I doubled my ETH during the dip, didn't sell, and then saw my profits give back 60%. That feeling was unforgettable. Since then, I’ve learned the importance of taking profits when the time is right.