#Gate广场新手村第六期 Seeing the topic of this event - "The biggest enemy is one's own emotions", I deeply resonate with it. This sentence is simply the most accurate annotation of my trading journey over the past three years. Today, I want to share my story with everyone, hoping to provide some inspiration for newbie frens who are just getting started.

Chapter 1: The "Madness" of a Newbie

I still remember at the end of the bull market in 2021, I rushed into the market with the dream of "getting rich overnight." At that time, I could only see the steep rise of the K-line and the constant slogans of "moon" and "stars" in the group. My emotions were completely driven by the market:

· FOMO (Fear of Missing Out): Seeing a coin surge 50% in a few minutes, heart racing, recklessly going all in, only to buy at the peak and watch it plummet.
· Greed: When my position has a floating profit of 20% or 30%, I always think "just hold on a bit longer, it could double!" As a result, the market suddenly turns down, and I end up giving back all my profits, or even turning into a loss.
· Panic: A slight disturbance in the market, a piece of negative news, makes me panic and sell at the floor price, perfectly executing the "buy high, sell low" standard operation.

During that time, my account was like a roller coaster, but the end point was always lower. I realized that I was not playing against the market; I was fighting with my own greed and fear.

Chapter 2: The unforgettable "tuition fee"

The most painful lesson happened on the eve of the LUNA crash. I was attracted by its high APY and the halo of being the "King of Stability," and invested heavily. When the signs of the crash began to show, my sense of luck and denial took over: "Such a big project can't just disappear; it must be a washout." Not only did I not stop my losses, but I even tried to buy the dip to "average down my costs."

The result was predictable. That time, I paid a heavy tuition fee. But it was also that time that made me fully realize: in the market, respecting the market and managing risks is far more important than predicting the market.

Chapter 3: Reconciling with Emotions and Establishing My "System"

In pain, I reflect on the pain, and I start to learn systematically. I no longer indulge in searching for "hundredfold magic coins," but instead calm down to study the fundamentals, technical analysis, and most importantly—build my own trading system and mindset discipline.

1. Plan your trades, trade your plan: Before entering a position, I force myself to write down a trading plan: entry point, stop loss point, take profit point, position size. Written in black and white, it eliminates impulsive emotional actions.
2. Position management is the cornerstone of survival: I will never again bet everything on a single asset. Learning to diversify positions and build them in batches has greatly stabilized my mindset, because even if a single trade hits a stop loss, it won't be a devastating blow.
3. Make friends with fear and greed: I started to learn to perceive my own emotions. When FOMO strikes, I ask myself, "Is there a plan in this?" If not, then just watch the show. When fear spreads and I want to cut losses early, I check, "Has the price hit my stop-loss level?" If not, then give the market a little room to fluctuate.