Everyone with investment experience understands this feeling—rushing into the market on the wave of hype, holding onto the obsession of "small investors turning things around," and in the end, five million just gets swallowed up. The moment the account hits zero, an odd sense of relief arises: no more waking up in the middle of the night to watch the charts, no more smoking like crazy over a big bearish candle, and no more lining up against those stars shouting "hundredfold potential."

Having been in this industry for eight years, I’ve seen too many myths of sudden wealth and stories of overnight zeroing out. Today, instead of just sharing motivational stories, I’ll openly talk about the lessons I learned from exchanging real money—perhaps helping you avoid those huge pitfalls that can completely impoverish you.

First, let me clarify: this is not giving up; it’s waking up through pain. Most people blame market manipulation, project scams, or bad luck when they lose money, but honestly, 90% of the losses are rooted in their own emotions and cognition. There’s an iron law in this circle— the more impatient and greedy you are, the faster your wallet shrinks. I lost everything that time, stepping into three deadly traps.

**Trap 1: Treating FOMO as religion, chasing gains subconsciously.** That last big bet was exactly like that. Seeing a hot coin triple in three days, the community was full of “missed this round, wait four years for the next,” and in a moment of heat, I went all-in at a high point. Looking back at the K-line now, the divergence signals are obvious, the project’s white paper is full of empty words and jargon, and the core team is hiding things, but at the time, greed acted like a filter, automatically silencing all risk signals. Here’s a practical standard: if there’s no solid product or team information, no matter how much it rises, don’t touch it—this is the bottom line.