Trading methods are myriad, all roads lead to Rome; as long as the logic is correct and suitable for oneself, one can make money.

Lin Yuan's interview video mentions the transformation in trading and experiences through several stages, summarized as follows:

1 Novelty Period

Make some profit and leave, endure losses, both gains and losses exist.

2 Beginner Period

You want to succeed through learning, but end up losing even more.

3 Gambler Period

Learning also incurs losses, not learning also incurs losses. Not trading leads to restlessness or anxiety, and even leads to holding onto positions, with stop-losses entirely relying on psychological endurance.

4 Conflicted Period

Heard that technical analysis doesn't make money, you need to look at fundamentals, supply and demand, spot basis, foreign markets, and various financial data... Therefore, you become conflicted again, starting to study fundamentals and gather information everywhere.

5 Dilemma Period

Due to long-term losses causing financial pressure, one begins to take shortcuts, making it easy to be deceived at this time. Accepting others' guidance for trading, or even handing over the account to others, eventually depletes the remaining capital. As a result, many people leave at this point.

6 Cooling Period

Having suffered many losses, been deceived many times, and taken numerous wrong turns, you only begin to deeply reflect after truly stopping trading, realizing your own shortcomings. Abandon shortcuts and learn to think with questions, such as why you can't hold onto profitable trades, why you don't stop losses, and what methods can better control these mistakes. You gradually discover issues and find directions for learning and improvement.

7 Cognitive Period

Discover that some problems can be solved through learning, but many problems still have no answers. You start to learn extensively, seeking answers to problems you can't solve. Learning with questions, you know what you want to learn and what answers you seek. Gradually, you realize that learning a lot doesn't mean losing more; it's not about learning more and suffering more. When you learn extensively over a long period, understanding what others don't and what you also understand, you have already far surpassed most traders. You know what trading conditions you want and what your weaknesses are. When you recognize your shortcomings, you won't easily engage in trading.

8 Maturity Period

Focus on learning, less on trading. All trading revolves around risk prevention, which is the most time-consuming and difficult. It's not solely about effort but also about chance and sudden enlightenment.

9 Trading System

Establish a comprehensive and effective system that integrates technology, mindset, risk control, etc. At this point, you truly become a qualified trader.