In this circle, after so many years, I've seen too many people quietly exit the stage. It's not because they aren't smart enough, nor because they missed the bull market's golden opportunity. The real reason that sends people out is often the most basic and easiest mistakes to make.

In summary, those who suffer huge losses are basically caught in three traps:

**First Trap: The Deadly Cycle of Chasing Gains and Cutting Losses**

Watching a certain coin skyrocket, afraid of missing out, rushing in hastily. As a result, just after buying in, the price turns downward, the mindset collapses, and they sell at the floor price. The coin rebounds? Too late, you've already exited, only able to watch the rebound helplessly, filled with regret and wanting to smash your phone. This is being completely driven by emotions, repeatedly being toyed with by the market.

**Second Trap: The Cost of Going All-In**

The direction is correct, the logic is sound, but there's one fatal greed—pushing all chips in at once. What happens then? When a normal correction occurs, they can't hold on. Either forced to cut losses, or run out of ammunition halfway up the mountain. When it finally rises, you have no bullets left, only able to watch others take off. This "missing out pain" can distort a person's mindset after just one experience.

**Third Trap: Regret from No Cash Reserves**

Getting excited and going all-in, then the opportunity really comes—big drop. It’s the perfect moment to buy the dip, but when you check your pockets, they’re empty. "The opportunity is here, but I have no money." Most people in crypto have tasted this feeling.

So, in this market environment, the eight words to remember are: **Take profits when the time is right, secure your gains**.

Don’t follow any "big-picture"