The biggest killer in the crypto world is often not the market itself, but people's hearts.

Some time ago, a trader came to me, showing that his account was left with only a small amount. "Is there still hope?" he asked. I looked at his position records and immediately saw the problem—he was "holding on" to losing positions. He had the wrong direction but refused to admit it, repeatedly comforting himself with "It will rebound soon." And what happened? Small losses turned into bigger ones, and he kept adding to his positions, trapping himself deeper and deeper.

I've seen too many examples like this. The crypto world is like a magnifying glass, amplifying everyone's obsessions to the maximum. The most frightening thing is not a market crash, but the stubbornness of refusing to admit mistakes.

There is a saying: "Like carving and polishing, like grinding and sharpening." Applied to trading, it means: reflect daily and keep improving. When you make a mistake in placing an order or are slow to cut losses, your first reaction should not be to find excuses, but to honestly look in the mirror—"I was wrong."

Many people think admitting mistakes is shameful, but little do they know, the most deadly thing in the crypto world is this obsession. What you want to protect is not a brilliant judgment, but the "I" that cannot be denied. Such persistence? In the end, it will only trap you alive.

I told that trader a principle: "Learn how to die first, then you can live." When it’s time to cut losses, decisively admit mistakes and deny wrong judgments to avoid deep traps.

Trading is essentially a mirror. What you see is not the truth of the market, but your own fears and greed. Most of the time, you think the market has tricked you, but in reality, it’s your own emotions controlling you.

Later, this trader gradually learned discipline and how to "admit mistakes." His account recovered through repeated acknowledgment of errors. The rule for making money in the crypto world is actually very simple: admitting mistakes is not weakness, but strength. Those who dare to deny themselves won’t lose in the market for long.