#2026年比特币价格展望 Truly understanding trading often comes only after being taught a lesson by the market.

When I first started in 2013, I followed whoever was making money. After three years of messing around, I didn’t accumulate any principal, and my temper worsened quite a bit. During the 2018 market rally, $BTC dropped from $6000 all the way down to $3000. I thought I had found the "bottom" and put the remaining hundreds of thousands of spot holdings into 20x leverage contracts. As a result, a 12% big red candle three days later wiped out my account completely.

That night, lying in bed staring at the ceiling, I finally understood—hoping to make money by relying on candlestick charts is less reliable than trusting an ex.

After two weeks of silence, I swiped my credit card and took out $500 as tuition and a comeback fund. This time, I set three strict rules for myself: single trade loss not exceeding 2% of the principal; take out half of the profit once it reaches 10%; and stay out of the market if I don’t understand the trend.

Initially, I only dared to open 30 contracts, carefully reviewed each trade, and kept a trading journal. In half a month, $500 grew to $31,000. Excited, I treated my colleagues to hotpot to celebrate. The next day, I withdrew $20,000 to pay off my credit card. The remaining position, driven by greed, was not stopped in time and was wiped out again.

That second liquidation taught me a crucial lesson: the words "stop loss" must be ingrained in your bones.

Afterward, I restarted with $500, this time keeping leverage below 5x. I stopped adding to the principal and stopped dreaming of overnight riches. Instead, I traded within $BTC’s oscillation range using a fixed 1:3 risk-reward ratio repeatedly. No matter how long the bear market lasted, I "coexisted" with it: working normally during the day, monitoring orders at night, spending a few hours on weekends reviewing. Every time profits reached $5,000, I withdrew immediately, exchanging it for a piece of wagyu in the fridge or a book on the shelf.

Twelve years have passed. The principal in my trading account hasn’t changed much, but the numbers in my bank card have quietly grown. A friend asked me, "What leverage is most profitable?" I always answer: "The leverage that allows you to sleep peacefully through the night without nightmares—that’s the most profitable leverage."

Looking back now, how much principal you have or the cycles of bull and bear markets are just distractions. There are only two things that can truly pull you out of the death spiral of liquidation: one is a trading system you’ve verified and can repeat; the other is enough self-discipline to continuously move profits out of the exchange.

The road is indeed there, and the light has always been on. But whether you follow along depends on whether you’re willing to trade discipline for a peaceful sleep.