#美SEC促进加密资产创新监管框架 It's the end of the year, and seeing another friend around me successfully cash out really makes me happy for him.

With this year's market, some people have made a fortune, but many more have lost badly. How many people got liquidated and had to leave after the black swan event with tariffs at the beginning of the year? I didn't escape either—I had to cut a lot of my positions back then. Luckily, Ethereum found support at 1400 and started to rebound. Those few months of a one-sided market really provided some opportunities. The 20 billion liquidation across the whole network on October 11th is still fresh in my memory. Thankfully, I was on a business trip and didn't have time to watch the charts during that period.

Here's a real example: a friend started with a principal of 25,000 USDT in mid-August, followed my pace for more than three months, and now his account has grown to 70,000 USDT. This was his first real cash out in crypto—before, it was endless cycles of losses and liquidations. He said he finally understands what it means to lock in profits.

With contracts, losing money is never because you think too simply—it's actually because you overthink it. Chasing highs and selling lows, frequent trades, going all in with heavy positions—in the end, it's all just tuition paid to the market.

If you now only have two or three thousand USDT and are trading contracts every day without a clue, always getting stuck and unable to recover losses, then you really need to pause and think about your strategy. Over the next month or so until the Spring Festival, market volatility will be even greater, and risk management is more important than anything else. Instead of blindly entering the market, it's better to first clarify your own trading logic.

$BOB $CVC $ETH These few have gotten a lot of attention recently, but remember: no coin is a guaranteed win—position management is the real key to survival.