Unknowingly, I have been in the crypto world for 8 years.

Looking back at 37, when I first entered the scene, I had a meager amount of funds, all borrowed 60,000, completely lacking confidence.

Now my account has surpassed eight digits. To be honest, my feelings are quite complicated. I didn't make money quickly, nor did I have much luck; everything was achieved through trial and error, learning from each pitfall.

Throughout this journey, I can say I have tried all trading styles, from long-term to short-term, from ultra-short to intraday swings.

You might say I understand the technicals, but I wouldn't dare to claim to be a top expert. However, I can say that my understanding of losing money is much deeper than that of most people.

I have seen too many people become overnight millionaires, only to be reduced to nothing by a bear market, losing millions in a single night.

Do you think their skills are poor? No, it's just that they have become used to 'holding' their positions. When luck runs out and they run out of bullets, a single drawdown can wipe out their entire account.

Another thing that really baffles me is how so many people rush to break even after losing money.

That's right; many people are like this. When anxious, their operations become chaotic, and in the end, they lose everything.

They are unwilling to admit they were wrong, resulting in huge losses.

I'm not a saint; I also have my moments of weakness. But I know one thing: the market won't listen to your commands! 'I think it's going to rise' doesn't mean it will rise, and 'I judge this is a trap' isn't necessarily a trap. If you're wrong, you should exit, not stubbornly hold on!

In the world of crypto trading, the essence is 'Can you endure it?' Can you admit that sometimes you are wrong?

Can you work with rules? To be honest, too many people's problem is their unwillingness to lose, their reluctance to admit mistakes, which ultimately leads to greed.

Stop calling yourself a 'believer,' saying things like 'hold on, it will come back.' This is not belief; it's a gambler's self-deception.

To put it bluntly, if you want to make money, you must follow the rules!

I've reached a net worth of over ten million; there’s nothing to brag about. I just brought these simple rules to the extreme: admit when you're wrong, cut losses when opening positions, make decisions when calm, and if you get emotional, just shut down the computer.

Do you think making money relies on skills?

The truth is: every time you don’t follow the rules, you are digging your own grave. The market is still there, and opportunities abound.

As long as you can turn off your emotions and establish rules, don't say you need a 60,000 capital; even with 10,000, you can turn things around!

Still, the saying goes, 'A single tree cannot make a forest; a lone sail cannot travel far!' Having a good team to guide you is always stronger than going solo. I’ve always been here!!!