Pull out this year's trading statement, took a look, and gained quite a few insights.

The most intuitive discovery is: the difference in making money doesn't fundamentally lie in judging the right direction, but in how you operate. This year's market has been highly segmented, with mainstream coins following a rhythm, while altcoins have extremely thin liquidity, and a slight misstep can cost you tuition.

I tried several strategies to respond. Grid trading helps detach emotions from frequent trading, and mechanical execution proves to be more stable. Coupled with some stablecoin yield products, idle funds are not wasted. On-chain tools are becoming more and more handy; completing transactions and settlements on the chain reduces many intermediate risks.

The core experience can be summed up in one word:冷 (cold). Stay unaffected by short-term volatility noise, avoid chasing highs, don't bottom-fish, and cut losses when necessary. In such a low-tolerance market environment, simply surviving is a win.

Mid-year, there was a particularly intense adjustment period, during which losses were most concentrated, mainly because the rhythm was off when chasing hot trends. Later, I realized that instead of guessing where the next hot spot is, it's better to manage existing positions well. The lesson the market taught this year is: execution is more valuable than prediction.