I want to share a bloody lesson with everyone: #数字货币市场调整 .

In that summer of 2021, from May to July, I encountered a bizarre market trend: rising during the day and falling at night, then rising again after the drop. It went on like this repeatedly. At that time, I thought I had discovered some incredible market secret and started trading the opposite way - going long when it dropped during the day and shorting when it rose at night. I did indeed make some profits in the first few days.

At first, I honestly set stop-loss levels. But slowly, after a few mishaps: I was just stopped out, and the price immediately surged back in the original direction. After a few times, I got reckless and simply deleted the stop-loss. For that half month, my account balance kept jumping up, and I felt like I had found the withdrawal password.

Then one night, the market plummeted. I drowsily placed a long position in the middle of the night and fell asleep immediately. The next morning at 11 a.m., I was woken up by the alarm and opened the software, only to be stunned— not only did the night market not rebound, but the day market continued to crash. I was completely trapped.

From morning to afternoon, watching the losses deepen, I finally couldn't hold on any longer and cut my losses to run away. This trade directly resulted in a loss of nearly 30% of my position. Looking back now, if I had stubbornly held on, I would have likely been liquidated.

This matter has enlightened me to a principle: those rules in the market that seem easy to grasp are often traps. Once you become dependent on this so-called "certainty," it will eventually backfire. Even worse, human nature will lead you to keep increasing your position — feeling like a genius when making money, but when you get hit by a reverse, your account might already be crippled.

Similar pitfalls are everywhere: the opening hours of the US stock market, peak trading times across different time zones, liquidity drought in the middle of the night... The time window strategies themselves may not be wrong, but not setting a stop-loss is playing with fire.

Stop obsessing over win rates—you're not making money by calling out trades. Whether you can win this round or not doesn't matter; what matters is the risk-reward ratio. Even with just a 10% win rate, as long as the risk-reward ratio is 1:11, you won't lose money.

When the market is bad, staying alive is more important than anything else. As long as you are still at the poker table, there is still a chance to turn things around; once you are kicked out, no matter how many opportunities there are, they will no longer concern you.