Having been involved in this circle for nearly ten years, the losses suffered and pitfalls stepped on are enough to fill a separate booklet.

I still remember the early days when I was obsessed with contracts. Liquidation was almost a daily occurrence. As soon as the funds arrived in the account, the market would slap them right back, and the position would be wiped out instantly. At that time, I thought the market was particularly cruel. Only later did I realize—the problem wasn't the market itself, but that the person in the mirror was too greedy, too impatient, and too eager to turn things around and recover previous losses.

I'm not claiming to be very successful now, but one thing I'm very sure of is that I haven't been caught by a single K-line for a long, long time. Over the years, surviving isn't due to some clever technique, but because of a few bottom lines earned with real money. They may seem unremarkable, but they are especially effective.

**First Rule: When you're caught, hold still and don't move.**

This is the easiest mistake to make. When unrealized losses appear, many people's first reaction is to add to their position, thinking that a little more will bring the cost back. The problem is, if the direction isn't stable or the K-line pattern hasn't recovered, adding to the position only makes things worse. You might think you're lowering your average cost, but in reality, you're doubling your bet. Staying calm is far more valuable than rushing to act; sometimes the strongest move is to do nothing.

**Second Rule: The calmer, the more important.**

Especially after big rises or drops, during those seemingly peaceful days, surface-level calmness masks underlying turbulent currents. This stage is the most deceptive. A careless moment can lead to complacency, and a slight shake of the hand might result in impulsive orders. Remember, when emotions are at their peak, you should be thinking about how to exit; when the market is quiet, that's when you need to open your eyes and see the situation clearly.

**Third Rule: Always leave yourself an escape route.**

Full position might sound fierce, but it actually traps you in a dead end. If your judgment is off, there's no room for adjustment, leading to one final outcome. Those who survive long in this market always hold some reserve—this is their insurance for survival. No matter how tempting Bitcoin or Ethereum is, don't put all your chips in one basket.

**Fourth Rule: Managing emotions is more critical than studying K-line patterns.**

Getting greedy when you profit and panicked when you lose—once you're in this state, your trading system completely fails. Whether your account remains stable depends not on your win rate but on how you react to profits and losses. When your mindset collapses, even the strongest skills are useless. Especially during periods when the Fed's rate cut expectations heat up and long-term Bitcoin forecasts vary wildly, staying calm is especially important.

These experiences aren't anything special, nor are they particularly exciting, but they can help you survive a little longer. If you don't hold onto the dream of going all-in and turning things around, but just want to walk steadily on this path, then our ideas are probably aligned.