Many people have been trading for so many years, still entangled in ups and downs. This is because they have not understood the essence of this game. What ultimately allows trading to make you money? Is it based on your direction being correct? Yes and no. It is correct because indeed you can profit if your direction is right, but it is also incorrect in the sense that merely having the right direction is meaningless. How many people buy at the bottom and sell at the top? Is that meaningful? Absolutely not, it has no meaning at all, not even a little bit. It’s not enough to even be a topic for drinking. Because you are only correct in direction, just 1% correct, and you have not got the other 99% right. What is that other 99%? It is space. The right direction is only 1. Only when you have clarified the space can you add a ‘0’ behind that 1. Space is that ‘0’ behind the 1. Combined with capital management and operational techniques, you can add 2 more zeros, that’s all there is to it. But if you don’t have space, your capital management and any technique are completely meaningless.
