The recent market wave has given me a deeper understanding of trading.

During the sharp decline in early January, I chose to cut my losses, but then I saw Virtual performing relatively resiliently, which boosted my confidence and I went all-in on the long side. As a result, around 6 o'clock, Virtual experienced a surge, directly recovering all previous losses. When a death cross signal appeared around 1.16, I decisively closed my position to take profits.

Here's the problem—originally, I planned to tell myself to stay out of the market and observe, but as soon as I saw a slight rebound, I became confident again. I thought the bull market was still ongoing, trusted my judgment too much, and turned to bet on some unfamiliar coins using old routines. These past couple of days, I stubbornly held on without selling, and I was thoroughly beaten down.

The current choice is to cut losses and preserve the remaining principal. Honestly, this is just a profit retracement; the losses are from previous gains, but the lesson is very profound.

**A few core insights:**

Virtual's recent market movement was actually a gift from heaven. Being able to take profits at that point should have been enough. Not knowing how to stay out of the market, but instead recklessly opening new positions—that's my biggest mistake.

From now on, I must change my operation rhythm—build positions gradually, take profits gradually, and never go all-in at once. When there's no opportunity, everything else is unnecessary. Often, staying out of the market is the best move because the essence of being out is aiming for the next real opportunity.

Another key point: don’t operate on coins you don’t understand. Just like hunting, you wouldn’t shoot at prey beyond your range; trading is the same. Beginners are still beginners, and every bit of tuition is unavoidable. The only thing to do is truly learn from each mistake.