People still ask every day: "Should I go long or go short?"

Anyone who asks that question is basically already a beat behind.

A few days ago, I chatted with a boss who has been trading for ten years. He said something that really stuck with me: In this market, anyone can talk about direction—but whether you can make money depends on timing.

Many people are still debating bottom-fishing, chasing rallies, spot versus futures, but the market has already changed. Back then, holding on could still let things come back. Now, once many coins weaken, they only keep shrinking.

I’ve seen plenty of people who made a lot during bull markets, but because they couldn’t bear to sell, a full round of drawdown wiped out all their profits. Later, I also changed my trading approach. I no longer bet that the market must rise or must fall. Instead, I only trade opportunities that I understand. If there’s a signal, I enter. Once I hit my target, I exit. If there’s no opportunity, I stay patient and hold cash. Whether I make a lot or a little isn’t the point—the key is that every trade can be repeated.

The biggest lesson I’ve learned over the years is this: make money with timing, protect capital with position sizing. Getting the direction wrong isn’t a big deal—as long as you stop losses in time. Making less isn’t a problem—as long as you don’t lose it all in one go. This market is very real: those who execute survive, and emotion-driven people get eliminated. If you’re still randomly chasing, randomly holding on, and trading without timing, then no matter whether it’s a bull or a bear market, it will be hard for you to turn things around.

If you want to be steadier and make fewer mistakes, come find me, Sister Xin. This market doesn’t wait for anyone.