The end-of-year行情 in the crypto world can be aptly described in one word — play people for suckers.

The collapse of $BEAT is just a microcosm. A large holder lost 100,000 USDT overnight, and 90% of the following traders either cut their losses and exited the market or stubbornly held on to their positions. That sheer drop on the candlestick chart is a true reflection of market sentiment.

Similar tragedies have unfolded on tokens like pippin and PTB. Some people doubled their principal investment only to escape with just a fraction left; others made frequent trades in a single day, with fees completely eating into their capital; and then there are those who stubbornly hold on, daily shouting "the bull market is back," only to have their mindset shattered by liquidation notifications.

The most heartbreaking are those retail investors who are kidnapped by FOMO. Seeing screenshots of someone flaunting a hundredfold return on social media, they immediately put all their money in without a second thought. The result? They wake up to find their assets have been halved.

But in this killing field, there are indeed people who survived, and even thrived more and more.

An investor once approached me with 5000U for advice. Later, by strictly following three principles, within three months not only did he turn losses into profits, but he also achieved a stable monthly revenue curve:

**Moderation Beats Aggression**—Give up on the crazy operations of watching the 1-minute chart and focus on the real breakout signals of the 4-hour cycle. Trade a maximum of 3 times a day, and if you can't see a clear opportunity, it's better to miss it than to chase a trade. This is the simplest form of risk control.

**Position management is a lifeline** - The first time you open a position, lock it at 500U. Once you earn a 20% profit, immediately recover half of the principal, and set a trailing stop-loss for the remaining portion; if the loss reaches 5%, you must exit that day and absolutely do not average down to lower the cost.

**Mindset discipline determines lifespan**—After two consecutive stop-losses, forcibly close the trading software to take a break, completely cut off the thought of revenge trading. Insist on reviewing every night, ponder the reasons for losing money, and don't get carried away when making money.

Most bankruptcy stories in the crypto world stem from that phrase "just hold on for 5 more minutes and we'll break even." These seven words have turned countless people's hard-earned savings into nothing in an instant.

The traders who truly survive are not those who can predict how great the market will be, but those who have the courage to decisively cut losses and accept their losses when things go wrong.

Market trends still need to be monitored, and risk control principles must not be relaxed. Only by protecting the principal can one have a chance to share in the profits in the next round of market trends.