The Few Truths of Surviving in the Market
The market is always right; the only thing that's wrong is oneself.
Whether it's rising or falling, never go against the market.
If you rush too fast or escape too slowly, in the end, the only one who suffers is yourself. Remember this: "Your head is on your shoulders, your feet are on your own body."
No matter how the market moves, as long as you can protect your principal, opportunities will always outweigh risks.
After great heat comes great cold; this is a rule. The market always has cycles. When market sentiment is extremely hot, there will always be someone buying at a high; when the market is extremely cold, there will always be someone cutting losses to exit.
Not understanding cycles and emotional turning points means you'll only make small profits, and a single loss can take you back to square one.
Outsiders look at the surface, while insiders look at the back door. Others look at candlesticks, news, and FOMO; those who truly understand look at capital flows, market movements, and the underlying logic of actions. Understanding the right rhythm is the reason to enter the market; simply following the crowd will eventually lead to losses.
In everything, always keep a backup plan. No matter how good the market is, you can't go all in; no matter how big the opportunity is, you must leave an escape route. Position, stop-loss, and planning are your insurance for survival. If you don't prepare for the worst-case scenario, the market will definitely deliver the worst results to you.
The story of the Empire State Building: running from the first floor to the rooftop takes at least an hour, but jumping from the rooftop only takes 8.8 seconds.
Trading cryptocurrencies and stocks is the same: making money relies on time and rhythm, losing money relies on a moment's difference.
If you want to make money in the market, first learn how to lose and how to survive. Don't want to become the next "jumping-off story"? Feel free to come chat with me.
