After trading in the crypto market for a long time, you almost understand the theory and the technical side. But at crucial moments, it’s still a test of human nature: is it greed, is it luck, is it indecision—or is it being timid, or “so-sia” (messed up, staying too afraid to act)? In short, when the chance to make money is big, be bold—and set your stop-loss in advance to guard against unexpected events. When the market is uncertain, either stay on the sidelines or test with a small position. When you’re sure you want to go against the move, cut the loss decisively without betting on luck. Because when you run into a one-way market, a small loss can turn into a big one. And once the losses keep swelling, people often end up unwilling to cut—then they start thinking about adding positions to average down at a lower cost. Sometimes this kind of move really can reverse the situation. But even if it works nine times, as long as this “luck” mindset keeps existing, the day you hit an extreme situation is when it can easily trigger an overall liquidation. So living is the most important thing. Between making money and preserving your principal, it’s obvious: as long as the principal is there, the opportunity is there. Once the principal is gone, the opportunity is gone too.