Strict discipline is always more important than talent; no one is a natural born winner.

Seeing the liquidation email that I didn't understand reminded me of the past when I didn't set stop losses for profit, thinking that I could just hold on and get through it, which resulted in my biggest loss of the year... This incident happened on February 3rd, the day BTC had a downward spike.

I don't think I need to say much about the emphasis on position management and stop losses; most traders on the market will mention this, but only a few can truly implement it. So since April of this year, I have started experimenting with small capital and high leverage strategies, learning and accumulating experience through small trades.

Mindset is also a factor; don't think you can get rich overnight with a single profit reaching 1 million. Little do you know the hardships behind it. Finding big opportunities and daring to take large positions is crucial; greed is something everyone possesses. How to manage greed well is the biggest lesson.

"Find opportunities to bet small and win big, rather than opening trades just thinking about making money."

One must recognize their own abilities and limits. In the existing market, some people make big profits, some make small profits, some incur losses, and some suffer significant losses. This all tells you that everyone has their own limits. Understanding yourself makes it easier to trade. For instance, I handle small capital trades well, but if you ask me to take a large position, I would definitely hesitate. If you find yourself constantly checking your phone for market updates and losing sleep, then it certainly means your position size is too large, exceeding your psychological limits.

After mastering the basics, engage in more practical trading, find your own profit formula, and leverage your strengths.

This is a very important aspect. You can categorize your profit situations in the market into super short-term, short-term, medium-term, medium-to-long-term, and long-term trading styles. Capturing the patterns you excel at to generate profits in the market is key. For me, that means a short-term style; I exit when I reach a target, but I also hold during a one-way market.

Additionally, it’s important to refine your mindset. Hats off to every trader who is still persevering in the market!