Since entering the circle six years ago, I have experienced account shrinkage, rebounds, and further shrinkage... so many times that I’ve lost count. Every lesson learned was paid for with real money.

Honestly, what’s most scarce in this circle isn’t funds or information, but calm judgment. Today, I’ll share openly what I’ve accumulated over the years. It’s not chicken soup, but hard truths that can save your life.

**The first pit for small funds: Impulsiveness**

Still going all-in with less than 50,000? That’s just giving it away. Not moving when you’re not in position isn’t laziness, it’s professionalism. Those who can wait will have opportunities knocking on their door.

**The bigger the knowledge gap, the more devastating the losses**

You can’t train intuition? Then use a demo account to save your tuition. Small mistakes are acceptable, but crashing is not. Don’t rush into the market if you’re not prepared.

**The deepest trap is in good news**

The news is out, but the market hasn’t moved? Eight out of ten times, the next day will open high and distribute. Don’t dream of “going higher,” the market makers have only a few tricks.

**Holidays are a trap, no one warns you**

Experienced traders start reducing or even closing positions before holidays. Holiday markets love setting traps; a little carelessness can lead you right in.

**Mid-term holdings rely on what? Cash flow**

How much is your faith worth? The real logic of making money is: willing to sell high, brave to buy low, and rolling operations. Repeating this process gradually thickens your account.

**Short-term trading has thresholds; liquidity of coins is a prerequisite**

Ignore coins with no volume or volatility. Your time cost will be wasted inside them.

**The rhythm of decline determines the strength of rebounds**

Lingering downward trends are the most torturous, but conversely, rapid declines often signal opportunities emerging. Viewing all markets with the same mindset is a rookie move. Understanding the rhythm of decline helps you pinpoint the rebound.

**Wrong direction, your feelings are worthless**

As long as your principal is still in your pocket, there’s still a chance to turn around. Once you judge the wrong way, cut losses immediately—don’t delay. Procrastination in trading is deadly.

**Watching the market also has its art; simplicity is king**

A 15-minute candlestick chart, paired with one or two basic indicators, is enough. Leave complex analysis frameworks to those who like to impress themselves. Simplify the process, execute quickly.

**One trick to conquer all, much better than being mediocre at everything**

Truly consistent earners don’t rely on many tricks. Mastering one method thoroughly is more stable than knowing a little about everything.

**These words may not sound nice, but they work**

Avoiding one big pit is equivalent to earning an extra sum.

Don’t want to hear “harsh words”? The market will teach you even more painfully.

Survive first, then earn more. This is the bottom line, and also the ultimate goal.