#美联储重启降息步伐 I’ve seen too many traders like this.

A friend I know started with $20,000, and after three months her account was down to $1,100. I asked her how she lost it, and she said that every time she made around 9% profit, she wanted to wait a bit longer—"maybe it’ll go up to 15%." But what happened? As soon as there was a pullback, not only did she lose the profit, but she ended up dipping into her principal.

The worst part was her mindset when facing a floating loss—"I’ll wait until I break even before closing." I’ve heard this countless times. But the market won’t wait for you, and holding onto losing positions only makes the hole bigger.

What destroys traders in this industry isn’t technical indicators you can’t understand, but the greed and wishful thinking in human nature. When prices go up, you want more; when they fall, you can’t bear to cut your losses. Unrealized profits aren’t locked in, and unrealized losses are held onto stubbornly—your principal just slowly evaporates.

Later, I advised her to restructure her trading strategy:

Set your take-profit and stop-loss levels before opening each position, and stick to them without hesitation;
Take profits as soon as you have them—don’t expect to always catch the very top;
Strictly control your position size, and don’t let emotions drive your decisions.

Three months later, her account was back up to $5,000, and after a few more months, it rose to $10,000. She told me she finally understood what it means that "surviving is more important than anything."

Crypto isn’t a place where you get rich by luck—it’s a battlefield where you survive by discipline. The people who truly make money are those who know when to take profits and how to control risk. Chasing pumps and panic selling will only turn you into liquidity, not a winner.

The market will always be there, but once your principal is gone, it’s really gone.