There's a saying that's been circulating in the market: "Retail investors toil away trading coins, and the best outcome they can hope for is just breaking even."

This saying is quite profound. It captures the entire scenario that retail investors experience: "chasing highs, then getting trapped, then breaking even, then closing positions, then chasing highs again, getting trapped again, breaking even again, closing positions again……" Why do most investors keep jumping back and forth between small profits and losses? Because they can't hold onto their gains—they sell as soon as they make a bit, they hold when trapped waiting for breakeven, and once they break even they sell their small profits. This is exactly jumping back and forth between small profits and losses. Those who seize opportunities end up with mere pennies; those without opportunities mostly wait to recover their costs. But ultimately, most end up cutting losses and exiting the market.

The most fundamental reason for this is that investors have an incorrect understanding of investing. True investing is buying excellent enterprises within your circle of competence at reasonable prices and holding them long-term.

To invest well, I'll share four words with everyone: "Resist prediction." Understand these four words in your consciousness. Don't predict every time you see a price movement. No matter what method you use to predict, even if it's just a fleeting thought, you must suppress it and wake up in time. $BTC ‌$ETH ‌