In the cryptocurrency world, to achieve results, you must first endure the 'psychological breakdown period.' Every seasoned trader has experienced painful losses that are hard to talk about. I have too; in my second year of trading, I encountered a wave of decline after the Bitcoin hype. I shorted for several consecutive weeks, successfully shorting on pullbacks and breakdowns, and my account grew by 7-8 times, with profits reaching tens of thousands. At that time, I felt on top of the world and even started calculating 'doubling my money in two weeks,' thinking financial freedom was just one trade away.

As my confidence grew, I increased my positions. However, as the market began to reverse, my bearish mindset did not change, treating obvious reversal trends as mere pullbacks. Ultimately, after a heavy loss, I broke down mentally due to significant unrealized losses.

To quickly recover, I poured all my funds at what I thought was a critical resistance level, hoping for a pullback to bail me out, but the market didn't pause and continued to rise. Just a few minutes later, my account was wiped out.

In that moment, I literally heard fireworks exploding in my mind; I completely fell apart. On one hand, it was a financial blow; hundreds of thousands were gone in an instant, which was heart-wrenching. On the other hand, it was a collapse of confidence and hope. I thought I had mastered the method and could earn steadily through trading, only to realize it was an illusion; my trading strategy was nothing. In the first few years of trading, I experienced countless psychological breakdowns like this. These included the despair of quickly losing after significant profits, disappointment when correctly predicting market movements but failing to place a trade, frustration from chasing the market and getting trapped, long-term losses leading to self-doubt and existential crises, and trading against the trend, refusing to give in, only to face liquidation.

They say trading is a concentrated version of life; you must endure blow after blow to grow and mature.

Enduring the psychological breakdown period isn't actually difficult; you just need to correct your mindset. You must realize one thing: the most important aspect of trading is not always being right, but simply surviving.

You can ponder the meaning of this statement; you may be right a few times, but you cannot always be right. The market is chaotic, and losses are inevitable. You must lower your expectations; stop thinking that a few trades will double your money, and stop believing that capturing a trend will turn your fortunes around.