Having been involved in the crypto world for so many years, I increasingly understand a harsh truth — those 0s and 1s in your account are ultimately decided by the person on the other end of the screen. It’s not about complex technical indicators, nor luck. Frankly speaking, it’s about mindset.

The market is like a heart-testing device; it can cure everything except human greed and fear. In the end, those who survive and can maintain stable profits are always those who manage their emotions well.

## Why is mindset so valuable?

This market fluctuates wildly every day, with真假消息难辨, policies changing overnight. In such an environment, the only thing you can truly hold in your hand is not the next limit-up, but the ability to stay calm when facing losses. A mind that isn’t hostage to price swings is your reason for surviving in bull and bear markets. When others are screaming, you can observe coldly; when everyone is panicking and dumping, you can spot the opportunities that others have missed.

## Four mindsets traders must develop

**Calmness — profits and losses are part of the game**

Don’t get carried away after profits, don’t despair after losses. There are no invincible masters in the market. Every trade is just a probabilistic experiment; wins and losses are normal. Those who get overly excited after a big win and trade recklessly often meet their end fastest.

**Patience — learn to hold cash and wait**

Most of the time, the market is just tossing back and forth, meaningless. True experts aren’t afraid of holding cash; like a hunter crouched in the jungle, waiting all day for that one shot. Many retail investors’ accounts are destroyed by frequent trading.

**Decisiveness — act quickly when opportunities arise**

Once your analysis is thorough, you must act decisively. If your stop-loss is hit, exit immediately. The most terrifying thing in trading is not misjudgment, but hesitation at the critical moment, turning a small loss into a disaster.

**Independent thinking — walk your own path in the fog of information**

In the crypto world, information overload is common; one influencer is bullish, another analyst is bearish. If you listen to everything, you’ll end up going crazy. You need your own trading framework, learn from others, but never follow blindly.

## Three mental demons to戒掉

**Greed** — always want to buy at the bottom and sell at the top, but often end up missing the full wave of the market and getting stuck in the middle.

**Fear** — a single loss leaves a shadow; when a big trend arrives, you dare not enter. Or you take profits early and run, never catching the real big gains.

**Hesitation** — obsessing over completed trades, blaming yourself over a missed point, which only causes you to miss the next real opportunity.

Ultimately, your trading system teaches you how to make money, but whether you can survive long enough in this market depends entirely on your mindset.