The Five Iron Laws:

1⃣ The core task of the first pot of gold is not to double it, but to keep it. Young people's biggest illusion is "it can still go up."
2⃣ Do not touch leverage. It's not that you don't understand the principle, but the moment you add leverage, you're no longer investing, you're gambling.
3⃣ The principal is the most scarce asset, not opportunities. There will always be the next opportunity in the market, but if you get liquidated, there’s no coming back.
4⃣ The best stories kill the most people. Altcoins, NFTs, DeFi, Bitcoin ecosystem—narratives are always changing, and the same group of people always get cut.
5⃣ Profit and loss come from the same source. The judgment that makes you rich will ultimately also kill you.