Good morning, happy Labor Day holiday! Let me tell you a story first～

There was an old trader named Pai, a Bitcoin miner since 2012, who started trading in 2016 and experienced several bull and bear markets.

He had a habit of writing a phrase in his notebook every time he traded: "You are here to make money, not to prove you are right."

During the bull market of 2021, he brought his apprentice, Xiao Bai, into the market. Xiao Bai was young, energetic, and had a solid grasp of technical analysis, frequently trading contracts and feeling proud every time he made a small profit.

Pai advised him: "The market is counterintuitive; don't be too aggressive, learn to survive first."

Xiao Bai laughed: "I can control the risk, I'm not afraid."

In 2022, after a significant crash, Xiao Bai got liquidated three times, and his account was wiped out. He was unwilling to accept it, borrowed money, and heavily shorted the market, only to be swept out again. He broke down, crying and asking Pai: "Why am I losing all the time when my techniques are correct?"

Pai pointed to the phrase he had written on the wall: "You are not wrong in technique; you are wrong in always wanting to win against the market. You think you are playing chess, but you are just a pawn."

In the crypto world, the real enemy of trading is never the candlestick chart, but rather the obsession and arrogance within oneself.

Any trading knowledge that traders learn is a skill; this is the foundation of a trader, but ultimately, one must understand the integration of principles and skills, using principles to guide skills and achieving enlightenment through skills, as this is the core.