#比特币行情观察 【Twenty Rules for Surviving a Bear Market｜My Real Record of Turning Losses into Tuition】

1. Give up the illusion, learn to admit defeat.
I lost 70% on ORDI and 80% on ALLO. I used to fantasize every night looking at the candlestick charts that they would bounce back, but in the end, I realized: admitting losses is a rite of passage for traders. Now I record every loss in a dedicated notebook, noting next to it "What I learned." ORDI taught me "Don't catch falling knives," while ALLO told me "New coins need to be observed." When losses turn into tuition, they are no longer losses but the most valuable investment.
2. Leverage is a drug, quit it.
On March 12, 2020, I watched 1000 BNB evaporate in leverage. That gut-wrenching feeling is still fresh in my memory. Now my exchange has a rule: no leverage allowed. It's like quitting drinking, a complete cut-off, not even touching 0.5x. Real profits come from spot trading, not from licking blood on the edge of a knife.