$ETH I am 32 years old this year. In 2018, I got on board with a principal of 50,000, experiencing two rounds of bull and bear cycles. My assets have reached a level of small freedom. After soaking in the Crypto Assets market for 6 years, over 2200 days and nights, I have tried almost all trading models, including Spot accumulation, leveraged Arbitrage, high-frequency quantification, and cross-period Hedging. I have a deep understanding of this magical field.

I firmly believe that the growth of professional traders requires the tempering of three complete cycles of bull and bear markets, just like the ancient method of forging swords requires nine folds of hammering. Watching the market and reviewing for 12 hours a day, it takes 3 years to develop a basic market sense, and 5 years to establish a stable profit system. I have seen too many myths of hundredfold returns in three months, and witnessed countless tragic liquidations in contracts. During the LUNA crash, in my community alone, there were 7 players with eight-figure assets forced to exit.
The essence of trading is a battleground for the realization of cognition. When we continue to incur losses, we must be wary of three deadly traps: covering strategic laziness with tactical diligence, numbing system flaws with random profits, and constructing false cognition with survivor bias. Truly mature traders have established a triple defense mechanism - the iron rule of position management, a firewall against emotional fluctuations, and a flywheel of cognitive iteration.
Before each transaction, the five decision questions must be completed:
1. Does this transaction fall within my circle of competence?
2. Does the profit and loss ratio reach the benchmark line of 3:1?
3. Does the stop-loss point correspond to a clear technical breakdown?
4. Current Market β
Is the coefficient within the safe threshold?
5. Is there a hedging plan for extreme black swan scenarios?
Knowing when to pull the trigger is important, but understanding when to put down the shotgun is even more important.
The market always rewards those who are willing to get rich slowly.
The ultimate practice of traders is to forge themselves into anti-fragile systems. Experimenting with tolerable costs, drawing nutrients from volatility, and capturing opportunities in crises. Remember, every penny we earn is a projection of our cognition, and every loss we incur is a ticket to our cognition.