Watching the numbers on the screen slide down all the way, that feeling is truly uncomfortable. Over the past few years, I've seen too many people step into the crypto world, dreaming of getting rich overnight, only to leave with their heads hung low. Today, I won't talk about those complex technical analyses; instead, I'll share my own experience of how I’ve navigated and accumulated knowledge through trading.

I started out doing the same. During the 2017 bull run, I chased the hype blindly, rushing in without understanding anything, and as you might guess—the principal was almost wiped out. That experience really changed my perception of this market.

Later, I slowly realized: crypto trading is not gambling at all, but a psychological game.

**Why are most people losing money?**

It’s not a coincidence; there’s a pattern. I’ve observed the most severely losing types of people around me, and they usually share these common flaws:

**Blindly following the trend** — Hearing that a certain coin is about to take off, they pour all in without even understanding what the project is about. When the whales quietly start to dump, they become the last bagholders.

**Being driven by emotions** — When prices rise, greed takes over, and they regret not buying more; when prices fall, they become panicked and are willing to sell at the bottom. This emotional trading is the main culprit behind losses.

**Ignoring risks completely** — Never setting stop-loss points, holding on stubbornly when caught, resulting in deeper and deeper losses. Or using leverage recklessly, going full margin, and getting liquidated in a wave of volatility.

Honestly, I’ve fallen into all these traps myself. The most embarrassing time was when I used leverage to go long on a small coin, and suddenly a black swan event hit, causing me to lose three months’ worth of profits in a single day. From that moment on, I set some strict rules for myself: only use idle funds, never go full margin, and even when opportunities seem tempting, I must stick to my bottom line.

**Simple and effective trading framework**

After years of trial and error and reflection, I gradually found a method that works for me. The key isn’t complexity, but execution and patience—these two qualities are often more valuable than luck in the short term.

Discipline and patience have always been the standard for winners.