Last night, I reviewed this year's trading accounts and discovered a very interesting pattern: 80% of the annual returns come from just three trades, and all three held for over half a year. What about the remaining 20%? After all the tinkering and paying fees, the profit is barely noticeable.

This reminds me of Charlie Munger's classic saying: Big money is made sitting, not through frequent trading.

In the crypto market, everyone wants to buy and sell quickly, flipping their positions overnight. But I increasingly realize that what truly makes a difference isn't how ahead of the curve your information is, but whether you can live up to your own investments. In other words, your patience is worth billions.

**Why is "waiting" so painful?**

Because we live in an era that seeks instant results. Short videos with a punchline every 15 seconds, food delivery arriving in 30 minutes, crypto trading where you want to see profits within a minute. The younger you are and the more time you have, the less patient you become; but once you truly learn to wait, your time is already running out.

In 2020, I bought a token that I held for three months with no significant movement, so I couldn't help but sell it. Six months later, it increased 20 times. This lesson made me realize: those who constantly watch the charts often miss the juiciest opportunities.

What is the logic behind farmers planting fruit trees? In the first three years, watering and fertilizing seem to yield little benefit, but by the fifth year, they can harvest every year. The logic in the crypto market is similar.

**Learn to avoid others' pitfalls**

My biggest advantage is that I have a thick skin. Every time I see someone get liquidated or miss an opportunity, I think: what did they do wrong? Did they leverage too aggressively? Or did they not understand their own risk tolerance? From a different perspective, these mistakes are just the cheapest tuition.