When the message box popped up at two in the morning, I was just about to sleep.

A friend who has been trading for six months sent me a statement - three weeks ago, the account had 210,000 U, now it has shrunk to 31,000 U.

He said he stares at the market for more than ten hours every day, and he’s almost sick of looking at the candlestick charts, but his account just keeps plummeting as if the acceleration button was pressed.

I asked him to organize the recent transaction records and send them over. After looking at the dense transaction flow, I suddenly understood.

The problem is not in the market, nor in luck.

He simply doesn't know what he is doing.

#数字资产市场观察 jumped in after gaining 5 points, afraid of missing out;
$ZEC Cut losses immediately at a pullback of 8 points, afraid of being trapped;
$ORCA couldn't stand being flat for two days, switched positions to chase the hot spots.

The entire operational logic can be summed up in four words: Follow your feelings.

FOMO when the price rises, panic when it falls, completely being led by the market. This is not trading; this is gambling on emotions.

I asked him: "Do you have a clear reason before placing an order every time?"

After a silence of nearly twenty seconds, he replied: "It seems like everyone... feels it will rise?"

This sentence exposes all the problems.

The market never gives you money just because of how you "feel". You think you are seizing an opportunity, but in reality, you are being dragged into the mire by your own emotions.

The real money-makers are not the ones who stare at the screen until their eyes are bloodshot, but those who know before entering the market:

Why buy? How much to buy? When to stop loss? When to take profit?

If you can't answer these questions, then every transaction is like running naked.

Later, I asked him to review the last thirty transactions, and the results showed three particularly obvious characteristics:

No plan, no stop loss, no review.

This is no longer a technical issue; it's a complete breakdown of mentality.

The cryptocurrency market does not reward those who "work hard"; it only rewards those who are "clear-headed."

You may not understand any advanced strategies, but at least you should know what you are doing and why you are doing it.

Otherwise, no matter how fast the account numbers jump, in the end, they are all someone else's ATM.

Don't let emotions make decisions for you.

It's easy to be a gullible investor; if you want to survive, you have to be a bit ruthless with yourself.

Stay tuned: $IRYS $AKE $BANANAS31 $ARIA $YALA $RVV $MON $ARC $TRUST $MMT $DYM $TNSR $BEAT $MYX $NIL $DUSK $AIA $ETH $BTC $XAN