A word of advice to the coin friends who are still losing money: your losses are actually not a problem of the market. To put it simply, you have been defeated by those hands that cannot be controlled and that heart that cannot let go.

I used to think that way when I first entered the market—believing that mastering technical analysis would allow me to navigate the market at will. What was the result? Reality taught me a harsh lesson. Learning candlestick charts is not difficult; the challenge lies in whether you can control the impulse to place an order while watching market fluctuations.

To be honest, the market rarely directly kills people. What is truly deadly? It is the waves of irrational actions after an emotional collapse — chasing highs when the price goes up, panicking and cutting losses when it drops, wanting to run away after making some money, and stubbornly holding on when losing money. This cycle is the root cause of accounts slowly shrinking.

Instead of studying a hundred market analyses, it’s better to remember these three things:

**First learn to protect yourself, then think about making money.**

It’s normal to misjudge the direction, but not setting a stop-loss is playing with fire. Market opportunities will always come around, but once the principal is gone, there really is no chance to turn things around. Setting a stop-loss is not admitting defeat; it's leaving yourself a way out, keeping your pieces for the next game.

**The second is to hold steady, which is more valuable than a precise strike.**

How do true experts do it? They spend 80% of their time waiting and only 20% of the time trading. Do you think you are "seizing every opportunity"? In fact, most of the time you are being led by emotions, engaging in some meaningless frequent operations. Those who can control their trading impulses have already beaten 99% of retail investors.

**The third is that holding a light position is true bravery.**

Heavy positions are the thrill of gamblers, while light positions are the choice of smart people. Once your position is light, you can calmly respond to any fluctuations, dare to experiment, and ultimately survive to seize your own wave of significant market movements.

The cryptocurrency world is never short of legends of overnight wealth, but what is truly scarce are those traders who can survive in the long term.

When you can calmly execute stop losses, choose to stay out of the market when the situation is unclear, and trade with a position that makes you feel secure, that’s when your account curve will naturally begin to stabilize and rise. The real breakthrough actually starts at this moment—you are no longer going against the market, but rather beginning to manage the impulsive self sitting in front of the screen.