#美国就业数据表现强劲超出预期 It's 2 a.m., and my phone rings again.

I open the message, and it's a young guy who just entered the market a few months ago: "Bro, the coin I All in has dropped 50% from its high. Can I still buy the dip?"

At this moment, I don't even need to see his face to imagine—eyes fixed on the screen, fingers repeatedly hovering between buy and sell buttons. Who in the crypto market hasn't experienced this scene?

What’s truly tormenting isn’t just the decline itself. It’s the endless tug-of-war after you’re fully invested and chasing the high. Every shadow on the candlestick looks like a signal "maybe a rebound," and every small rally seems to tempt you "hold on a little longer." You think you’re making trading decisions, but in reality, you’re gambling with your greed and fear.

The biggest pitfall for beginners is one reason: full position.

What does being fully invested mean? It means you have no room to adjust. Once a correction happens, your account balance starts to bleed, and your mindset immediately collapses. By the time you ask, "Can it go back up?" honestly—you’ve already missed the best window for risk management.

I tell him, "The biggest test now isn’t predicting the market direction, but whether you can withstand the inner fluctuations."

In crypto, most people lose money not because of wrong judgment, but because they put all their assets into their most excited, most irrational moment. The market is so cruel—it always strikes when you’re most confident, and gives you a glimmer of hope when you’re most desperate, making you reluctant to exit until you’re completely stuck.

Looking ahead, almost everyone has to go through this. Those who can endure will truly understand the game; those who can’t will become the supporting characters in stories of "almost turning things around."

Markets are there every day, opportunities are always present. But the real question is—can you survive to see the next wave? That’s the true life and death line in the crypto world.

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