Don’t go short in a bull market, and don’t go long in a bear market.

Don’t chase the decline in the bull market, and don’t chase the rise in the bear market.

Buying relies on patience, selling relies on determination.

Have firm confidence, and be willing to take a short position.

The rebound is not the bottom, it is the bottom without rebound.

Anyone who is short or long can make money, but those who are greedy will not make money.

If you eat eight cents, you will be full, and if you trade, you will earn eight cents.

There are many people who know this, but very few people truly understand it and follow it conscientiously.