The most miserable thing I've seen is a 38-year-old man with over 3 million U.S. dollars sitting in his account, smoking in his car at 3 a.m., staring at his phone in a daze. $SIREN

Because just the day before, he had vomited back more than half of the money he had originally earned. $BEAT
He told me, "Brother Mao, I clearly made money, so why do I end up like a loser?" $ZEC
At that moment, I knew he had made the mistake most retail investors do: too impatient, too greedy, too afraid of missing out.
The scariest thing in the crypto world isn't the lack of opportunities.
It's that when you think an opportunity has arrived, it's actually just the main players setting a trap for you.
One of the most common tactics is a sudden sharp price surge, and the group starts flooding the chat with frantic messages, everyone shouting "It's taking off."
You chase in, but it stops rising and begins to slowly drift downward.
Many people think it's just a shakeout and will come back. But the more they wait, the more it drops, until they finally realize the main players have already exited completely, leaving only you still fantasizing.
There's an even harsher tactic.
The price drops significantly, then gives you a little hope, slowly bouncing back.
You think you've bottomed out, but in reality, that's just the main players selling their last batch.
The real bottom isn't a sudden big green candle.
It's when someone is buying steadily from the bottom, day after day, with increasing volume, until the price can't go down anymore.
So over the years, when I watch the charts, I don't look at the price first; I look at the volume.
If there's still volume at high levels, the trend might not be over; if there's no volume at high levels, even the most bullish story has to end.
Having traded for nearly ten years, I increasingly believe that what truly makes people money isn't the ability to chase, but the ability to endure.
Hold back from impulsive buying, resist chasing highs, and when everyone is celebrating wildly, you can still stay in cash.
Many people lose money not because they don't know how to buy,
but because they know they shouldn't touch it, yet they can't help but reach out.
The reason I’ve come this far isn't because I always get it right, but because I know when not to act.
The market is always there, but your capital really doesn't have many chances to restart.