Today I will talk about several key points in trading. The first core: Bull and bear judgment. Many friends do not know how to judge bull and bear when trading. If you do not understand this, take a look at this lifeline that I have circled. When the lifeline is below and provides support, and the K-line is above, today is a bull market area, focusing on supporting various cycles. The closer a cycle is to the lifeline, the more opportunity there is to support it; conversely, it is the bear market area focusing on death cross! The second core: chasing highs and cutting losses. Remember, whether you are a beginner or an expert, do not chase in during the process, whether it's short or long. If you often chase in, you will find that stop losses are either hard to manage, too large, or you will feel that the market maker is watching you—when you go long, it drops; when you go short, it rises, as if it’s watching you. If you are like this, you need to seriously learn and master the four positions for trading! Trading is similar to hunting; having the right position is crucial. If the position is right, the stop loss will be very small! The third core: moving stop losses. If you frequently incur losses leading to liquidation when trading, and cannot hold onto your winnings, you must learn to use moving stop losses. It’s easy to say, but hard to do; it fundamentally does not solve human nature issues. Therefore, only moving stop losses can accomplish this. Moving stop losses are not some special feature; it’s just a normal process of modifying stop losses. Once you adjust the stop loss, profits are locked in, and the position remains. If it hits the stop loss, it is a small profit, not a loss! If it doesn’t hit and continues to rise, you can hold onto it no matter how much it rises! This is what trading is all about!