Eyes sore to the point of being unable to open, yet the account balance is shrinking—you're not fighting this battle alone.

Last week, a trading friend sent me a message: "Bro, I stare at the screen 12 hours every day, placing orders more frequently than I eat, and by the end of the month, after tallying up, I still haven't earned more than the fees?" I directly sent him a screenshot of my account from earlier years—three accounts all wiped out, only a tiny remainder left, with a thick bill of fees that could be bound into a booklet.

He didn't say anything further.

Having been in the crypto scene for 8 years, I've seen too many treat the market like a gamble: when the trend rises, they rush in like they've been injected with chicken blood; when it falls, they vow to "buy the dip and turn the tide." They smack their thighs at losses after market close, then turn around to look at minute charts for the next "opportunity." Honestly, most people go bankrupt not because they don't understand the market, but because their restless hearts and itchy hands can't control themselves.

**My Craziest Era**

Woken up at 3 a.m. by market alerts, I opened two trades before my eyes were even fully open—that was just how I operated back then. Looking back now, those moves are no different from flipping a coin with your eyes closed. Making money relies on luck; losing money is an iron law.

Initially, I was obsessed with short-term trading, thinking I could master every fluctuation. But the data was right there: frequent trading is the root cause of most losses. Statistics show that low-frequency traders (the bottom 20% in trading activity) can achieve an annualized return of 18.5%, while high-frequency traders only get 11.4%.

After crunching the numbers, the answer hits too close to home.

It wasn't until my third account was reduced to just two digits that I locked myself in the study and spent three days reviewing my account history. That retrospective changed my understanding of the market— or rather, of human nature.