In my seventh year in the industry, I finally understood one thing: this market never eliminates the foolish.

Last year, a girl asked me if she could buy Ethereum, and I said she could give it a try. When it went up by half, she panicked and bombarded me with questions every day about whether she should sell. I casually said, "It's about time," and she instantly liquidated her position.

So what happened? ETH doubled again later.
She hasn't spoken in the group anymore.

Many people actually do not need answers; what they want is a way to step down.

At the end of last year, a brother came to me. He had 3500U lying in his wallet, with a dense record of liquidations. He said if he lost one more time, he would be completely out.

I set three rules for him:
Do not exceed one-fifth of the position in a single trade.
Cut it if you need to, don't be heartbroken.
Daily closing must be reviewed.

He followed suit. In two months, 3500 rolled to 70,000. During that time, we stayed up late every day, staring at the charts, looking at on-chain data until our eyes hurt, and the numbers in our accounts climbed day by day.

But when there's too much money, people tend to become ungrounded.

He suddenly said he wanted to take a position with fans and then opened a 20x leverage. A large bearish candle came down, and the account directly evaporated by 40%.

At three in the morning, he cried and asked me: "Have I relapsed again?"

I said: "There are no possibilities in the market, only results."

I asked him to clear his position and stay calm for two days. As a result, two hours later, he sent me a screenshot of his full position.

Before deleting him, I only said one sentence:
"Money can be earned back slowly, but once discipline is lost, you have nothing left. What you lose is not the market, but every excuse you make for yourself to break the rules."

The most ruthless aspect of this market is that the vast majority of people are not actually trading; they are merely using money to repeat their character flaws.

The people who truly make money are not the smartest ones, but those who can best adhere to the rules.

If you find yourself constantly falling into the same pit, perhaps it's time to stop and ask yourself — are you competing with the market, or are you competing with yourself?