In the past decade, I have experienced ups and downs in the Crypto Assets market. Six years ago, I resolutely quit my job and devoted myself wholeheartedly to this field full of opportunities and challenges. From having nothing to achieving financial freedom, this journey is truly remarkable. However, what really changed my fate was a night five years ago. A seasoned senior gave me advice that made me rethink my positioning and helped me understand the essential stages one must go through in this market. Through constant reflection and adjustment, I finally turned the situation around and managed to hold above.

In this rapidly changing market, many people may view retail investors as easy targets. However, I would like to share some experiences that I hope can provide some reference for newcomers who are preparing to enter this field.

First, making a decision to sell is often filled with hesitation. At this time, it might be useful to ask yourself: if your analysis is correct, why does the market move contrary to your expectations? The answer is simple: because the market is always right, the only one who can be wrong is ourselves.

Secondly, participating in Crypto Assets trading is not gambling. Accumulating wealth is more like a marathon, requiring long-term persistence and the right strategies. Those who always pursue short-term profits often end up as victims of the market. Steady progress and gradual advancement are the rules for success.

Here are a few lessons I have summarized from my blood and tears.

1. Averaging down should be for risk control, not for the fantasy of becoming rich overnight.
2. A prolonged sideways market usually signals the arrival of significant volatility, so do not be complacent.
3. When a certain coin experiences a surge, it often indicates that a pullback is imminent.
4. A significant price drop is often a good time to buy, while when the media is extensively reporting on a certain coin, it may have already reached its peak.
5. Stay rational and patient, do not let short-term fluctuations influence your judgment.
6. Manage risks well and do not bet all your funds on a single coin.
7. Continuously learn and update knowledge to keep up with market developments.
8. Establish your own trading system and do not blindly follow others' strategies.

Remember, in this market, overconfidence is often the greatest enemy. Stay humble, keep learning, and rigorously adhere to your trading discipline in order to survive long-term in this field filled with opportunities and risks.