Having磨了七年 in this market, I finally understand a principle: those who are truly eliminated are often not the ones lacking intelligence.

Last year, I met a friend who wanted to buy Ethereum. I told her she could try a small amount. The price only rose 50%, and she started panicking, bombarding me daily with messages asking if she should cut her position. I casually said, "It's about time to watch closely," and she immediately sold everything.

What happened next? ETH continued to rise, more than doubling again. Since then, she has been silent in our discussions.

Actually, many people are not really looking for answers; they’re just looking for an excuse to get out.

At the end of the year, a friend came to me. He only had 3000 yuan in his wallet, but his liquidation records filled his entire account. He said he would quit completely if he lost again.

I set three iron rules for him:
- No single position exceeding one-fifth of total funds
- Cut losses when needed, don’t argue with yourself
- Review every trading day’s performance

He followed these rules diligently. In two months, his 3000 yuan grew to 70,000. During that time, we watched the K-line and on-chain data every day, our eyes nearly going blind. Seeing the account balance rise day by day—that feeling—it's hard to describe.

But that’s the key point. As money grows, the mind becomes more wild.

Suddenly, he decided to "trade with followers" and directly opened 20x leverage. A big bearish candle hit, and his account shrank by 40% instantly.

At 3 a.m., he cried and asked me, "Did I fall into the old trap again?"

I said, "The market doesn’t acknowledge possibilities, only results."

I told him to close all positions and calm down for two days. Two hours later, he sent a screenshot of his full position.

Before deleting him, I said:
"Money can be earned again after losing, but once discipline is broken, you are nothing. You’re not losing to the market; you’re losing the excuses you make for yourself every time."

The cruelest part is—this market actually amplifies everyone’s personality weaknesses. Most people aren’t really trading; they’re repeatedly testing their desires and fears with real money.

Those who truly make money may not have the highest IQ, but they definitely are the ones who can stick to discipline.

If you find yourself constantly stumbling in the same place, stop and ask yourself—are you fighting the market, or are you fighting yourself?