Last October, I heard a story I'll never forget.
A friend, trading futures, had a 600,000 yuan investment and profited sixfold. The market was on his side, and his account soared to 4.8 million yuan, a whopping 942% return.
A normal person would have cashed in their profits and gone out for a drink to celebrate.
But he stayed put.
During the market's volatility, he didn't stop his losses. When it rebounded, he even said with a smile, "This wave has to go to 580."
He had experienced ups and downs before—he had made 3.6 million yuan at a peak before, only to slowly lose it all.
So, he appeared calm, staring at the screen, waiting for the market to reach its peak.
In the chat room that day, everyone was calling for a long position. More and more people were shorting, and he didn't think there was any need to panic.
But just as everyone was anticipating a breakout above 580—
a needle fell from the sky.
Without hedging his positions, he watched helplessly as his account plummeted from 4.8 million to just over 700,000, less than 800,000.
By the time he closed his position, it was too late.
At that moment, he buried his head in his hands and remained silent for three minutes.
Just as his friends were about to ask what happened, he suddenly rushed to the windowsill.
Luckily, his home was on the second floor, and he survived, though both legs were broken.
He later told me, "I didn't jump for the money. It was in that moment that I felt like all my years of perseverance, judgment, and faith had been crushed by the market."
In the cryptocurrency world, no one loses because of market fluctuations; everyone loses because of human nature:
Greed makes you reluctant to leave; luck makes you unwilling to cut your losses; and obsession makes you believe a reversal is imminent.
I know some people might laugh at this and say, "I wouldn't be so impulsive."
But when the market truly opens, whether you can pull back is truly uncertain.
So remember this:
It's human nature to run when you make money and endure when you lose.
The one who endures when you make money and dares to run when you lose is the master.
