In the crypto world, most people who chase gains and cut losses daily, frequently trading, ultimately get caught by fees and mindset. The so-called "certain death trap" actually comes from this. Don't think you're an exception; it's not luck. It's purely because the trading logic itself is flawed.

Let's start with the most realistic aspect—how brutal are the fees? Do you think each trade's fee is negligible? Let's do the math: Suppose you're trading spot on a mainstream exchange with a fee rate of 0.1% (which is standard). If you make 5 trades a day with a principal of 10,000 yuan, just the fees alone will deduct 10 yuan per day. What if you're trading futures? With leverage fees and overnight charges, over a week, the fees can eat up 5%-10% of your principal. The key point is, in frequent trading, you're bound to have losing trades. While your principal is shrinking, you're still paying fees—this is "double bleeding." In the end, your profits might not even cover the fees, making it impossible to make money under such circumstances.

More deadly than fees is human nature. People who stare at 1-minute and 5-minute K-line charts every day simply can't control themselves. When prices go up, they rush to buy; when prices fall, they panic and sell; making small profits makes them feel euphoric, while losses make them want to add positions to recover. In essence, they are completely driven by emotions, with no rational analysis left.

I once had a fan who traded 20 times a week, winning 15 and losing 5. Logically, he should be profitable, right? But in the end, he still lost money. When asked why, he finally understood—when making money, he would take profits of just 1%-2% and rush to cash out; when losing, he stubbornly held on, risking a big loss of 5%-10%. This is a typical case of "small wins, big losses." No matter how many small wins, they can't make up for a big loss.