No matter what track you are in, it ultimately comes down to trading ability.

Recently, I have been reflecting on trading, and I often see cases like this around me: relying on profit accumulation but ultimately losing everything in a trade.

Whether it's secondary, on-chain, or yield farming, it is essentially a transaction.

Just like pulling hair, you need to calculate odds and control maximum losses; the only difference is the way of placing bets; as long as you are still at this table, your trading ability is being tested at any time.

Many people mistakenly believe that the money earned from margin trading is a safety cushion. However, when you increase your position size and the scale of your single bets, while your trading logic has obvious flaws, the speed of loss will be ten times faster than when you are making money.

In the end, the amount of money trapped in a single transaction may exceed what you earned from mining over the past few years, especially in those traps where one is stuck with shanzhai coins and refuses to cut losses; almost everyone has fallen into such basic trading traps.

This is very similar to the logic of Texas Hold'em. In the early stages, you play at the 10/20 level, and after continuously accumulating your bankroll, you move up to 500/1000. If at this point your playing style still has obvious flaws, you will remain in a state of exploitation for a long time without realizing it, and the amount you lose in one go can exceed your winnings from the small stakes over the past year.

Even if you can't make money through secondary trading, it's still very important to learn trading skills, as this can at least help you avoid the basic pitfalls in trading.

These trading strategies should be refined before you accumulate a deep understanding; otherwise, it's easy to lose a lot of money in basic pitfalls.

It's like the saying goes, better to suffer losses early; after middle age, falling into a big pit is something you can't afford.