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Looking back, I have unconsciously crawled and rolled in the Digital Money field for more than ten years. As I am about to enter A9 level, this achievement makes me feel a mix of emotions. My growth has not been smooth sailing, nor has it been due to luck or rapid progress, but rather through constant self-reflection and summarizing experiences and lessons amidst ups and downs, taking one step at a time to reach today.
Over the years, I have tried various trading strategies, from long-term holding to short-term operations, from ultra-short trades to intraday swing trading, covering a wide range of approaches. Although I cannot claim to be a top expert, I believe I have a deeper understanding of losses than most people. I have witnessed too many individuals becoming instant millionaires, only to ultimately lose everything in a bear market, with millions in assets turning to dust in an instant.
Surprisingly, these individuals are not technical novices. Their problem lies in overconfidence and a habit of "holding on to their positions." When good fortune runs out and funds are depleted, a significant market correction is enough to destroy all of their gains. Another phenomenon that leaves me feeling helpless is that many people are eager to recover their losses after a downturn. This mindset often leads to poor judgment and chaotic operations, ultimately resulting in financial ruin.
I am not a saint and I make mistakes too. But I understand one principle: the market does not operate according to personal wishes. If the judgment is wrong, it is wise to cut losses in time, rather than stubbornly sticking to one's own opinion.
The essence of digital money trading is to test a person's patience and self-control. Can you calmly accept your wrong judgments? Can you strictly adhere to trading discipline? These are all keys to success.
To be frank, the root of failure for many lies in an unwillingness to admit defeat and a reluctance to acknowledge mistakes, ultimately falling into the quagmire of greed. Stop deceiving yourself by touting some kind of 'faith.' The idea that 'holding on will bring it back' is not faith, but rather a gambler's self-comfort.
To be honest, if you want to profit in this market, you must strictly adhere to the rules. If you make a mistake, you need to admit it promptly; when opening a position, you should set a stop loss; make decisions calmly, and stay away from trading when your emotions are out of control. These principles are the key to long-term survival in the Digital Money market.