Having been in the crypto space for ten years, the first six mainly involved paying tuition fees. Now, my account is stable at the tens of millions level, and the deepest insight I have is one sentence: survive first, then make money.

Many people ask why they can't make money. The problem is quite straightforward—weak risk control awareness and chaotic capital management. I've seen too many accounts that go all-in on a single coin, losing from 300,000 to 20,000, then rushing back in to catch the rebound. This is not trading; it's gambling.

Recently, the market has indeed been very volatile. A few days ago, I seized the opportunity with TNSR and safely pocketed 2 million in a single trade. During last year's EVAA cycle, my old followers who were with me in the trenches are still sitting on about 400 times unrealized gains. From COAI to EVAA, there have been many good opportunities over the past two years, but the premise has always been the same—strict discipline constraints.

The bull market is the easiest to have problems because the profit effect can cloud judgment. The bear market, on the other hand, tests your mentality because everyone is cutting losses. True winners are not based on luck or insider information but on discipline and understanding human nature. Protect your capital, stay true to your original intention—that's enough.

When the next cycle comes, those with patience will feel very comfortable.