Crypto circles never look at talent, only at whether you have a mindset of continuous improvement.

I still vividly remember that midnight in 2021, watching the numbers on the screen skyrocket, with my floating profit reaching 40%. At that moment, I was so excited I couldn't contain myself, with only one thought in my mind: "Wait a bit longer, it can definitely go higher." As a result, two hours later, the profit dropped to 5%; half an hour after that, it was back to the cost price; finally, I watched helplessly as the numbers turned red. That feeling of falling from the peak is like being punched in the chest.

It was also during this time that the market gave me the most painful lesson: money is not made by rising, but by protecting. Today, I want to share some experience gained through blood and tears.

**01 Midnight Market Observation and Enlightenment**

When I first started trading coins, I was like most people, chasing the dream of "hundredfold coins" every day. Every night, I stared at the K-line chart, thinking that mastering a few technical indicators would help me understand the market. Until I met a seasoned trader who said a sentence that enlightened me: "Floating profit is not a reason to celebrate, but a warning; when it's time to exit, do so immediately, never cling to it."

Honestly, I was skeptical when I first heard this. But when I followed his method and locked in all my profits for the first time, that steady feeling of making money suddenly made me realize one thing: true trading is not about predicting market rises and falls, but about managing your risks well.

In the cryptocurrency market, if you haven't established a clear trading logic and firm trading beliefs, it's hard to withstand its volatility. Many people FOMO into following others' profits without understanding what the project is or how the business model works, and in a big fluctuation, they end up being the chopped leeks. This is the reality of the market.

**02 From Pursuing Perfection to Knowing When to Cut Losses**

The road of trading must go on, and experience is waiting for you behind.