On December 1st, there was a plunge in the market, with 270,000 people liquidated in the cryptocurrency space, and 1 billion dollars evaporated in an instant.

In this market, some doubled their investments overnight, while many others were wiped out in the blink of an eye. Contracts can truly be sweet to the greedy and terrifying to the fearful.

When Xiao Zhang first entered the market with 8000U, he saw BTC fluctuating around the 90,000 dollar mark and, in a moment of excitement, opened a 100x leverage long position.

As a result, BTC only retraced 0.8%, and within 15 minutes, 4000U disappeared without a trace.

He stared at the screen, seeing the red numbers, his heart racing as if it would jump out of his throat, and even when his cigarette burned his fingertips, he didn't react — this was no accident; it was clearly the 'welcome gift' the market gives to newcomers.

His friend A Kai had it worse; after making a small profit from ETH recently, he got carried away, claiming to be the chosen one.

Recently, ETH has been fluctuating around 3100 dollars, with an amplitude of 2.19%. He got liquidated twice in three days, losing 12000U, and watched the market until dawn, his eyes red like a rabbit, ultimately overwhelmed by his emotions.

I've seen true experts wait: 70% of the time in cash, observing; 30% of the time taking precise action.

Just like during the recent 42% rise in SOL over the last 30 days, some people were blindly guessing by staring at the K-line, while experts waited for the BOLL indicator to contract, entering the market when it broke the upper band at 250 dollars, placing a stop loss at the support level of 235 dollars, ultimately capturing the full upside.

I now firmly remember: a single loss is capped at a 2% red line, at most two trades a day, and if floating profits exceed half, I pull the stop loss up to the cost line.

The volatility in December has intensified, and the 6% fluctuation range of BTC hides great risks; this 'rigidity' is what has allowed me to survive in a bear market.

If you want to double your money, first learn not to get liquidated. What the market lacks is not those who dare to rush in, but those who can remain steady.

If you are still being led by the market, it's better to stop first — as long as you're alive, you have a chance to win.

Scan the QR code below to add me for easier communication in the Binance chat room.