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The truth about the crypto world is often hard to swallow: there are thousands of ways to make money, but only a few ways to lose it. I increasingly believe that those who survive the longest are never the ones who rely on lucky catches of hundredfold coins, but rather those who hold onto a core weapon—the account mindset.
Simply put, always keep an eye on what your overall account is doing, and don't get blinded by the wins and losses of individual trades.
**How scary is a 50% drawdown?** If your account drops by half, you need to double it just to break even. This is not some theory; it's the cold, hard math of the market. If someone occasionally makes big money, that’s not success—true success is locking in profits and strictly maintaining the drawdown limits. Once you pass this hurdle, you’ve upgraded from a gambler to a real trader.
**The hardest part is actually letting go.** Human nature is to fear missing out, to worry about missing any market move. But what happens? In order not to miss out, you get caught repeatedly. What do true experts do? They give up on 99% of seemingly good opportunities and only swing at the "sweet spot" where they are most confident. This is strategic surrender, not cowardice.
**Markets have rhythm, and there’s logic in contrarian moves.** My experience is that when a strong coin starts to weaken and pull back, often there’s an opportunity hidden; conversely, when those weak coins suddenly rally, it’s probably a trap. Going with the big trend is correct, but when market sentiment is overly exaggerated, you need to think in reverse.
**From frantic to composed.** The truly consistent profit-making state isn’t about fighting in the market every day, chasing in and out. It’s about patiently waiting most of the time until a clear, high risk-reward signal appears, then calmly taking action to "pick up money." Use discipline and patience to replace anxiety and chasing.
Ultimately, the market rewards never come from those who operate with frequent clever tricks. It rewards those who can see their weaknesses clearly and persist in fighting human nature. Sometimes, slowing down is actually the fastest way forward.