In the world of cryptocurrency, the dead of night is often the most intense trading moment. A trader named A Jie experienced a heart-stopping scene at 3 AM.

The Bitcoin price hovered around $61,000 for several hours, and Ajie confidently held a short position. However, the market is ever-changing, and a strong bullish candle suddenly emerged, causing the price to surge by $1,800 in just 30 seconds. In a panic, Ajie tried to close his position but encountered system lag. By the time everything returned to normal, his account had already been liquidated, marking the fourth time this week he faced a similar situation.

This scene reminds me of myself three years ago. At that time, I often attributed losses to 'bad luck' or the market being 'irrational'. However, by carefully analyzing the reasons behind each liquidation, I gradually realized that the problem was not with the market, but rather with the fatal flaws in my trading strategy.

Full warehouse operations, ignoring stop losses, and lacking position management may seem like 'smart' practices, but they are actually the easiest 'chives harvesting model' for the market. The real challenge does not come from external manipulators or trading systems, but from the internal impulse to quickly turn losses into profits.

After deep reflection, I have established three iron rules for myself:

1. Always maintain some liquidity of funds to prepare for future opportunities.
2. Instead of being overly attached to specific price levels, focus on the correctness of the overall trend.
3. After each liquidation, a review and analysis must be conducted to transform the lessons into wisdom for future survival.

Sharing these experiences is to help new traders like A Jie understand that the so-called 'dark side' of the market is often just the loopholes in their own trading strategies. The market does not target individuals; it simply eliminates those who do not adhere to trading discipline.

The earlier you realize this, the greater your chances of surviving in cryptocurrency trading. Successful trading not only requires technical analysis and market insights but also demands strict self-management and continuous learning. Only through constant reflection, adjustment, and improvement can one establish a foothold in this challenging market.