Having been involved in the crypto space for nearly ten years, I went through a harsh contract liquidation a couple of years ago.

Many people have probably witnessed those bloody scenes—just after topping up your margin, you turn to do something else, and when you check your phone again, your account is wiped clean.

Later, I gradually realized that the real problem isn't how brutal the market is, but rather my own impatient mindset. Always thinking that if this trade turns around, I’ll make a huge profit. But what happens? The more anxious you are, the more mistakes you make; the more mistakes, the bigger the loss.

I wouldn’t call myself an expert now, but at least in these past few years, I haven’t experienced the despair of a liquidation. Having suffered losses myself, I want to share some honest words with newcomers just entering the space.

**Accept defeat when you're caught in a position.**

Many people's first reaction after being caught is to add to their position, betting on a rebound. Nine out of ten times, this move only makes you sink deeper. Adding to a position is meant to control risk, not to gamble on a tenfold return. Once you start fantasizing about huge profits, you've already lost your rationality.

**The calmer the market, the greater the risk.**

It's common to see sideways movement after a big rally, with many thinking the trend will continue strongly. In reality, that’s often just the market preparing for the next pullback. After a prolonged rise, a correction is inevitable—that’s the market’s law. When you start seeing others sharing their profits, that’s when you should be more cautious.

**Position size is your lifeline.**

Being fully invested means you have no room to maneuver. If your judgment is wrong, you’re likely to be forced out. Proper position sizing allows you to leave room for mistakes and survive longer.

**And finally, it’s all about mindset.**

This game isn’t about who makes the most flashy moves, but about who can better control human nature. Don’t get arrogant when you make money, and don’t panic when you lose. Only then can you truly stand firm in the market and go further.

Slow down, make fewer mistakes, and your money will stay in your pocket. Steady wins the race.