The market measures fairness, does not punish mistakes, but forces awakening through repeated lessons.
The essence of trading is the practice of cognition and discipline, with core logic hidden in extremely simple rules!
1. Abandon the fantasy of the holy grail and return to the essential laws
① The profit secret is never hidden in classics or from masters, but in the four obvious elements: trend direction, support and resistance, money management, and rule execution.
② There is no shortcut to success; maximizing simple rules is the starting point for compound interest.
2. Give up the obsession with prediction and focus on rule execution
① Those who guess market movements will ultimately be harvested by the market; the core of trading is responding rather than anticipating.
② There is no need to get entangled in individual gains and losses; just adhere to the rules, and probability will naturally tilt in the long run.
3. Tame human weaknesses: cut losses and amplify profits
① Accepting losses is the entry fee for trading; holding onto losing positions is the deadly poison.
② Profits come from a single correct position rather than hundreds of invalid trades; let profits run in the trend.
4. Stay away from market noise and be a rational observer
① The more frequently you watch the market, the more chaotic your mindset becomes; the more complicated the trades, the more mistakes you make.
② Experts know how to maintain a safe distance from the market, capturing their own certain trades while waiting.
5. The ultimate realm of trading: boredom equals stability
① The daily routine of top traders is monotonous and repetitive: rules remain unchanged, execution is unbiased, emotions do not fluctuate.
② Discipline is above all; do not rejoice in profits, do not waver in losses, be a mechanical executor of rules.
6. Principle of survival first: living long is more important than earning fast
① Those who blow up their accounts are not foolish; they die due to lack of risk control.
② Control drawdown and manage positions well, keeping yourself at the table; time will amplify the compound interest of correct decisions.
The market never rewards effort; it only opens its dividends to those who awaken their cognition.
The core of making money is not technique, but understanding the essence of cognition and unwavering execution.
When you learn to combat human nature and coexist with rules, the market will naturally become your place of practice.