Staring at the fluctuating K-lines on my phone, I suddenly recalled eight years ago — with 50,000 yuan in capital, I ventured from Changsha to Shanghai, even choosing the cheapest rental apartment. Who would have dared to think that now I could own a large flat in both my hometown and Shanghai, and save up a fortune of 20 million.

Don't think that I relied on insider information or luck; after eight years in the crypto world, I know best: what can stand the test of time is never some 'shortcut smart trick', but rather a seemingly 'foolish' yet extraordinarily reliable approach.

Today, I will share with you three insights gained from these eight years of practical experience: understanding each one might help you lose tens of thousands less; if you can master all three, you would have outperformed 90% of retail investors by now.

First, going with the flow is fundamental. The core of trading is to go with the trend; whether buying low and selling high or selling high and buying low, to make big money you must follow the trend — the level of the trend directly determines the profit ceiling. In the past two years, Bitcoin has become so hot that everyone was talking about it, and many people around me were frantically chasing high positions, only to be repeatedly harvested by the market. In fact, the upward space had already peaked at that time. I always remind myself to stay calm like watching the waters of the Huangpu River, not to force emotions onto the market, and certainly not to go against the trend.

Second, extreme patience is key. Those who achieve great things understand 'endurance', just like Sima Yi who steadfastly defended the camp and exhausted the Shu army. This is even more important in trading: the capital market is mostly chaotic and volatile, and clear major trends are rare. To seize significant opportunities, one must endure the wait. Those without patience who frequently place orders will not go far; I once waited three whole months for a clear trend without making a single trade, watching others operate back and forth, losing and gaining. I resisted the temptation, and the last time I entered the market, I earned back half a year's target profits.

Third, stay away from high leverage. Leverage is a 'double-edged sword'; even if you can handle it a hundred times, just one backlash can bring you back to square one. Many of my friends who trade futures have fallen victim to this — the more experienced they are, the more prone to arrogance they become. As the saying goes: 'those who drown are often good swimmers.' High leverage magnifies human weaknesses infinitely, distorting operations; being correct 99 times does not withstand one mistake.

Ultimately, the crypto world is not a place to gamble on luck. Find the right method, have someone guide you, and even the toughest situation can be turned around.