#数字资产市场动态 I finally figured out one thing: I am not suited to be a "smart investor."

There’s no shortage of such people in the crypto market. They are proficient in technical analysis, passionate about arbitrage, skilled at leverage trading, and their logic is very tight. When I was young, I also wanted to become such a person.

But after doing it for a while, I realized—this approach isn’t suitable for me.

Every time I think I’ve come up with a clever trick, my mind starts to heat up. Once heated, I tend to add to my positions; once I add, I start gambling. When $BTC rises, I want to chase; when it falls, I want to buy the dip. In the end, it’s often chasing high and getting caught, or cutting losses at lows. I’ve repeated this cycle too many times.

Now I’ve accepted my fate. I am just an ordinary investor—slow to react, emotional, and with average judgment.

So I changed my way of living.

I gave up those complex models and predictions, and instead focused on the simplest things: whether cash flow is healthy, whether asset allocation is balanced, and whether I can hold on in the worst case. I don’t pursue exciting returns, nor do I show off any advanced techniques.

Honestly, this approach looks plain and boring. But its benefit is—I am still alive in this market.

Sometimes, true risk management isn’t about having superb skills, but about the courage to admit your limitations.