What is the core essence of trading?

1. Learn to identify and follow trends. The market accommodates and digests everything; it is always right. Following the market is the wisest choice.

2. Capital management is key; strictly control your position to avoid losing everything due to one mistake.

3. Controlling desire with calmness and rationality is crucial. Do not be influenced by immediate gains and losses; keep a long-term perspective.

4. Stop-loss is critical. Set reasonable stop-loss levels to prevent small losses from turning into major disasters.

5. Patiently wait for the best trading opportunities. Profit is not made through frequent trading but is achieved through patience.

6. Respect the market; never underestimate its power. Its complexity and variability exceed imagination.

7. Make choices; only engage in trades you are confident about.

8. Review and reflect; carefully summarize each trade and continually improve your shortcomings. Trading is a journey of self-awareness.