Many times, our losses in the market are not due to information gaps, but rather overtrading.

When I first entered the market, I was a typical fanatic of technical indicators. Candlesticks, MACD, Bollinger Bands— I studied each one thoroughly, often reviewing charts until dawn. Drawing lines until my eyes blurred, searching for patterns on the charts, I truly felt I was close to understanding the market. And then? My account kept bouncing up and down—sometimes small gains turned into big losses, or I bought the bottom and got stuck holding the bag. Sometimes, luck would strike and I’d catch a black horse coin, get excited for a while, only to realize that friends holding Bitcoin long-term made even more.

Later, I realized that the market’s volatility and uncertainty cannot be predicted by a few technical lines. Our so-called clever analysis is mostly just self-comforting. The market doesn’t care how brilliant your analysis is; it only observes the real battle between bulls and bears.

People who trade too frequently often end up being repeatedly harvested. Data shows that the five psychological traps—frequent trading, full-position gambling, blindly chasing trends, greed and insatiable desire, refusing to admit losses—have become the biggest obstacles for digital asset investors. Each one can directly drag your account down.

What truly changed me was interacting with some veterans from traditional finance. They taught me a simple, almost ridiculous truth: in this market, the fastest to win is often the one who loses the most.

The simpler the strategy, the harder it is to execute. Because simplicity means resisting the impulse to trade, trusting the power of long-term holding, and saying “no” to temptation. But that’s exactly what only a few can do. Most are still studying the next technical indicator combination, hoping to make quick money through more complex operations. The market is right there, waiting to teach them what reality really is.