Today I thought of the Selected Works of Mao, and I want to share some excerpts about their relationship with trading.

First, we must be clear that trading is like a battlefield; it's either you die or I die, every move is deadly! We are either losing money or making money, there is no third option! Because of this, the Selected Works of Mao are not just a collection of words from instructors but truths that have been tested through war and have achieved complete victory!

The instructor said: "Concentrate superior forces to destroy the enemy one by one." When we trade, we hear others say this coin is good, buy a little, that coin is good, buy a little, and in the end, we find ourselves having bought dozens of coins, unable to keep track, lacking understanding of the coins, especially in times of significant drops, we become flustered. It’s best to focus on one coin and concentrate all funds on just that one coin.

This coin must be thoroughly researched; its fundamentals should be strong enough to hold long-term and allow for trading back and forth. Only then can we annihilate the enemy and achieve results. If you cannot achieve depth in research or choose the wrong target, you will find that you have mobilized superior forces, but instead of engaging an elite army, you are fighting a bunch of scattered soldiers or a group of bandits, suffering heavy losses, which is not worth it.

The instructor said: "Understanding the enemy situation is the first basic factor in combat." In trading, I understand the enemy situation to be the depth of our knowledge about this coin, the market-making techniques of the market makers, the patterns of price fluctuations, and the progress of the projects. We must know both ourselves and our enemy in technical aspects, fundamentals, and so on. If in trading, for example, many coin friends like to trade contracts thinking they can get rich quickly, but they do not fully understand our opponent's strategies, the enemy situation, the rules of the contracts, or the tactics of the big players, and coupled with their low technical and tactical skills, they rush in, it’s like sending their heads to be taken. It’s very likely that they will suffer a total collapse. We may think the opponent is at the level of bandits, but in reality, they are equipped with advanced technology and intelligence, and before we even see them, we are wiped out!

The instructor said: "A single spark can start a prairie fire." I understand that we should not underestimate ourselves just because our capital is small. Just like how a small group of people slowly fought to establish the new China, the key is that we need to have long-term planning, see our situation clearly, and respond appropriately.