After years of trading Bitcoin, my deepest realization is: the market never lacks wealth creation myths, what’s missing is the clarity to take profits, and the discipline not to be swept away by greed.

Recently, many people have been DMing me, worried about missing out or getting liquidated, staring at K-line charts all night and unable to sleep, asking how the market will move.
In fact, if you look back, the recent half-month market movement isn’t really driven by technical factors.
Your strong support levels, which you’ve analyzed to the bone, can be shattered by a sudden news event; your carefully drawn resistance levels, based on overnight analysis, can be broken by a single statement of easing tensions.
In such extreme news-driven market conditions, retail traders should avoid betting on one-sided moves, adding leverage, or going all-in — if you win 10 times, but lose once, you could wipe out everything.
Here are three wake-up calls I’ve learned the hard way from losing hundreds of thousands when I blew up:
Don’t mistake luck for skill; profits gained from news will eventually be lost to news.
Never use living expenses or borrowed money for trading; only invest with spare funds to keep your mindset stable.
Instead of focusing on how much you can make, first consider how much you can lose; risk management is always more important than profit.
The market is never short of opportunities; as long as you’re still at the table, there’s always a chance to turn things around. The worst thing is going all-in and cutting off your escape route.
What pitfalls have you recently fallen into in your trading? Let’s talk about it through my main job, and #BTC will help you avoid the traps.