Having been in the crypto world for over ten years, from the very beginning of entering this market, the waves have long since carved their lessons into my bones.

In those first two years, I was almost drowning in the vortex of contracts—not just a few liquidation incidents, but a vicious cycle: depositing money in, turning around to make a cup of tea, and my account was wiped clean. Back then, I thought the market was too ruthless, but in reality, I was too inexperienced, mistaking desire for courage, and thinking lucky breaks were skills.

It wasn't until later that I understood a truth: surviving is far more important than trying to hit a big win with a single all-in.

In these years, I haven't experienced my account going to zero overnight again, not because I mastered some secret trick, but because I finally learned how to coexist with fear and greed.

I want to share these pitfalls I've stepped into over the years, to listen to those still struggling in the storm.

**The Things About Positioning**

The real pain isn't how fierce the market drops, but the psychological torment. Constantly thinking "Add a bit more to the position, and when it rebounds, I'll exit" often hides a deeper trap behind it. Averaging down should be like performing surgery—calm, precise, with the goal of stopping loss. But once the desire to recover losses gets mixed in, that knife can easily cut into yourself.

**The Truth About the Market**

The most terrifying thing isn't the sharp rise or fall, but the eerie calm. When K-line charts form narrow triangles, like sleeping volcanoes, they usually appear after a big surge—this isn't a sign of consolidation, but the market exhausting your patience over time while amplifying your delusions.

Remember this: buy when no one is optimistic, sell when everyone is excited. When others panic, I see clearly; when others are hyped, I think about my exit. Don't chase the rise or cut the fall; during consolidation, hold your finger steady. This is more reliable than any technical indicator.

**Position Size Decides Life or Death**

Full position is like voluntarily removing your armor. The market never stops, and you must leave room to maneuver. No retreat means no chance to make mistakes; one wrong judgment could mean immediate exit. Position management isn't a trick—it's a rule for survival.

**Mindset Decides Everything**

In the end, what you’re really trading isn't just technicals, but your own heart. Greed leads to recklessness, fear leads to blind following. In this oscillation, funds leak out like sand. Those who can cross bull and bear cycles share a common trait: when making money, they stay humble; when losing, they remain calm. Take it step by step, slow but steady.

Ten years have passed, and I've stepped into more pits than the candlesticks you've seen. These words may not sound exciting or tempting, but they can truly protect you and help you continue to operate in these deep waters.

I used to stumble around in darkness, but now I hold a light. The light is always on—are you willing to follow?