1. Excellent speculators are always waiting, always patient, waiting for the market to confirm their judgment. Remember, do not fully trust your judgment until the market itself confirms your view.

2. To make money in speculation, you must buy and sell commodities or stocks that show profits right from the start. Anything that shows a loss after you buy or sell indicates you are making a mistake; generally, if there is still no improvement within three days, get rid of it immediately.

3. Never average down your losses; always remember this principle.

4. Once prices enter a clear trend, they will automatically continue to move along a specific path that runs through the entire trend.

5. When I see a danger signal, I do not argue with it; I avoid it! A few days later, if everything looks fine, I come back. This way, I save a lot of trouble and money.

6. Remember this: while you are doing nothing, those speculators who feel they must buy and sell every day are laying the groundwork for your next speculation; you will find profit opportunities from their mistakes.

7. As long as you recognize where trends appear and steer your speculative boat along the current, you can benefit from it. Do not argue with the market; most importantly, do not compete with the market.

8. No matter when, I patiently wait for the market to reach what I call a "key point"; only at that time do I start trading. As long as I operate this way, I can always make money.

9. My experience is that if I do not enter trades close to the beginning point of a trend, I will never make much profit from that trend.

10. "Rome was not built in a day"; truly significant trends do not end in a day or a week; they take time to complete their logical process. Importantly, a large part of market movement occurs in the last 48 hours of the entire movement process, which is the most important time to enter or exit the market.