After seven years of ups and downs in the cryptocurrency world, I have experienced three cycles of returning to zero.

It wasn't until last year's complete liquidation that I truly understood the essence of losses—not due to misjudgment, but because I was drained of my principal by the two demons of "frequent trading" and "refusal to cut losses."

At first, I always thought that capturing every fluctuation was the way to make money. I would go all in when I saw K-line surges, and when faced with pullbacks, I would console myself with "this is just a shakeout," only to panic and cut losses when the margin alarm sounded.

Even more absurd was the fact that after every cut loss, the market would immediately reverse, as if the market was specifically targeting my positions. This cycle was as hard to break as an addiction: chasing gains and getting stuck → cutting losses and exiting → chasing new hotspots → getting stuck again.

It wasn't until one day when I reviewed my trades that I found out that in all the profitable trades over the past three years, 80% of the profits actually came from 20% of the holding periods.

Those fluctuations that kept us up at night were merely the precursors to trend formation. The real opportunities in the market are always hidden in the breakout moments after a period of consolidation, not in the daily ups and downs.

Now, my trading system has only three iron rules:

First, I must set a 2% mandatory stop-loss line before opening a position; if it's reached, I exit without hesitation;

Second, leverage must always be kept within three times to avoid wiping out all accumulated gains due to a single mistake;

Third, I only trade on weekly trend charts, ignoring all fluctuations below the daily level.

The account curve after the changes no longer experiences large ups and downs. When I extended the trading cycle from minute charts to monthly charts, I suddenly found that the market became clear—those once tempting "opportunities" were merely traps set by the main players for those chasing gains.

Now, I operate no more than three times a month, but my win rate has increased from 30% to 70%.

Protecting the principal is not being conservative, but leaving a seed for my future self.

The market is never short of opportunities for exorbitant profits, but once the principal loses 70%, it takes doubling to break even.

Replacing short-term profit thinking with annual goals, and substituting emotional trading with rules, is the key to long-term survival.

I often think of what Old Chen said: "The cryptocurrency world is not a casino; it's ballet on the edge of a knife." Now I finally understand that true trading wisdom is to first learn not to fall, and then discuss how to dance gracefully.

There are many souls lost on the crypto journey; only those with fate can cross paths with the senior brother @大师兄说币 .