The Blood and Tears Enlightenment of an Old Dog in an Eight-Year Contract: The Key to Dominating the Market is to Dominate Oneself
1. Trading is about Overcoming One's Own Nature
All beginners die in the same script—making just enough for a meal and then running away, but when losing, they stubbornly play dead. Rewrite the script: when in profit, bite down like a hungry wolf on the throat, never get off until you have at least 20%; when in loss, run faster than a hacker stealing coins. This anti-human operation can sustain you for a lifetime.
2. The Ultimate Counterattack of the Martingale Strategy
Retail traders love Martingale—withdraw a little profit, but when losing, frantically average down. In a volatile market, it can trick you into ecstasy, while a one-way trend will have you lining up on the rooftop. Real tough guys play it backwards: immediately cut losses when losing, pyramid up when in profit, and let the stop-loss line follow the K-line upwards. Do you know who used this trick? Livermore, who bloodied Wall Street with this method a century ago.
3. The Deadly Trap of Gambler's Psychology
Wanting to recover losses when broke, and wanting to go all-in when winning—this is a casino algorithm etched in our DNA. Veteran traders know: profit can be disregarded, but the principal must be greedy. Once you see through this layer, you hold the key to changing your fate. The most deadly aspect is the anxiety after making a profit, unable to bear even a normal pullback—remember, those who can't withstand market fluctuations will never catch the main upward wave.
(Suggestion: Save this) When you are staring at the screen late at night with trembling fingers, pull this out and read it. An old dog who has blown up 37 accounts in eight years tells you: K-lines can lie, indicators can deceive, but human nature never changes.
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