#数字资产市场动态 After half a year or a year of struggling in the crypto world and still losing money, instead of blaming the poor market conditions, it's better to reflect on your own trading logic.

Many times, the root cause lies in cognition.

**Frequent trading is an invisible monster devouring your principal**

The 24/7 trading system traps many people in the "the busier you are, the more you lose" trap. impulsively opening a trade means paying invisible costs—slippage, trading fees, psychological exhaustion. Over time, these eat away at your principal.

What are the characteristics of players who truly survive? They spend 80% of their time waiting, just for those 20% high-probability opportunities. Only those with patience can profit.

**Cognitive blind spots are more dangerous than market trends**

Chasing after rising prices and panicking to cut losses when prices fall—this is actually due to psychological "cognitive closure," rushing to find certainty amid chaos. The biggest risks are often on days with positive news releases because big players love to harvest retail investors during hype. There are also people who blindly trust K-line indicators or big V recommendations but never consider fundamental factors like supply and demand or capital flow. Their conclusions are often completely wrong.

**Stop-loss is not giving up; it's paying for lessons**

Holding on to losing positions blindly usually results in deep losses. Set a clear stop-loss point (for example, 3% of your principal), and exit decisively when it’s hit. This allows you to correct mistakes at a small cost. You don’t need to learn overly complex technical analysis—mastering a few patterns like volume breakouts and moving average support is much more effective than constantly changing your approach.

**Position management is the real life-and-death line**

When your capital is small, keep each position within 20% to leave room for subsequent additions. Take profits in stages; when profits exceed 30%, withdraw the principal. And most importantly: never trade with living expenses. Once your trading funds involve your daily living costs, your mindset will be compromised.

Opportunities in the market are always there, but your principal is not second. Avoiding one pitfall is a big step toward "survival."