Trading cryptocurrencies, the biggest enemy is not others, but one's own fear and greed. One must learn to control emotions, remain calm during both rises and falls, and maintain a steady mindset like an old dog. The crypto market is like a roller coaster, sometimes soaring to the sky, other times plunging to the ground. You must be able to withstand the thrills of significant ups and downs, remain unaffected by temptation, and not be discouraged by setbacks.

In the ever-changing sea of investment in the crypto world, prices fluctuate like surging waves. For most investors, the safest strategy is to patiently wait for market trends to become clear before taking action. However, human greed often makes it difficult to resist temptation, leading to fantasies of being able to accurately pick the bottom and perfectly escape the top, ultimately causing one to unknowingly enter the market too early and blindly bet on direction.

What’s more frustrating is that fear is an innate instinct for humans. When the market falls into a state of panic, with assets significantly depreciating and positions being too heavy, many people struggle to bear the pressure and choose to cut their losses, becoming victims of the market.

So, what is the essence of trading? The key lies in firmly holding onto profitable positions, keeping control in your own hands. When faced with potentially losing positions, we need to clearly define the range of losses we can tolerate before placing an order and strictly set stop-loss points. Only when you are truly mentally prepared for potential losses should you enter the market to trade. Even in loss, it should be viewed as a necessary cost for accumulating experience, serving as tuition for misjudgments.