This morning, the pancake closed down 0.93%, with a series high of 9. However, the effect of the bearish candle is average. The series high of 9 may be a short-term peak for the previous and next cycles. The series is not regular and lacks structure. There is still no operation above the trend!

Xu Xiaoming's trading philosophy emphasizes that the trend is king and the structure is refined.

I greatly admire Steve Jobs' minimalist philosophy because minimalism is difficult to surpass. The trend is very reliable; strategies based on the trend have no issues in direction. However, there are so many people studying trends in the market, yet the successful ones are few. A deeper reflection on the reasons reveals that it is not a problem with the trend, but rather a problem with human nature. While the trend is reliable, the success rate is low. Human nature finds it challenging to remain consistent in an environment with a low success rate.

The trend has a low win rate, but when it wins, it wins big. Overall, it is profitable. In simpler terms, it means small losses and big gains, with many losing trades but each losing trade being small. When a trend emerges, the profits can be substantial, capturing a large portion of the market's movement. In contrast, most investors experience the opposite: small gains and large losses, earning little when they profit, and a single loss wipes out all previous profits. This also indirectly confirms the reliability of the trend, which tends to counter the losses of most people. However, it is challenging to maintain a trend, as trends are too broad and do not consider the weaknesses of human nature.

The oscillation strategy belongs to left-side trading, which greatly compensates for the shortcomings of right-side trading. Only the oscillation strategy can achieve this. Therefore, my trading philosophy is designed to be extremely simple: one trend strategy combined with one oscillation strategy. Adding one more is excessive, but removing one is insufficient. It is also essential to distinguish between primary and secondary strategies, so that the trend as king structure is refined, with the trend at a higher level than the structure.

The trend is right-side trading, while the structure is left-side trading. In trading philosophy, having one right-side trading combined with one left-side trading is sufficient; this is already minimalism.