Years in the crypto world, I have gained some insights from the details of trading, and I want to share them with everyone!
The market measures fairness, does not punish mistakes, but uses repeated lessons to force awakening. The essence of trading is the practice of cognition and discipline, with core logic hidden in extremely simple rules!
1. Abandon the fantasy of the holy grail, return to the essence of the rules
① The profit password is never hidden in secret classics or from masters, but is in the four essential elements: trend direction, support and resistance, money management, and rule execution.
② There is no shortcut to success; achieving simplicity in rules to the extreme is the starting point of compound interest.
2. Give up the obsession with predictions, focus on rule execution
① Those who guess rises and falls will ultimately be harvested by the market; the core of trading is to respond rather than predict.
② There’s no need to get hung up on individual profits and losses; just adhere to the rules, and probabilities will naturally tilt in the long term.
3. Tame human weaknesses: cut losses, magnify profits
① Accepting losses is the entry fee for trading; holding onto losing positions is the deadly poison.
② Profits come from one correct position rather than hundreds of ineffective trades; let profits run in the trend.
4. Stay away from market noise, be a rational observer
① The more frequently you watch the market, the more chaotic your mindset becomes; the more disorganized your trading, the more mistakes you’ll make.
② Skilled traders know how to maintain a safe distance from the market, capturing their own certain market trends while waiting.
5. The ultimate realm of trading: boredom equals stability
① The daily routine of top traders is monotonous and repetitive: unchanging rules, unbiased execution, and stable emotions.
② Discipline is above all; do not be ecstatic due to profits, nor shaken by losses; be a mechanical executor of the rules.
6. Principle of survival first: living long is more important than making quick profits
① Those who face liquidation are not foolish; they die from uncontrolled risk management.
② Control drawdowns and manage positions well, keeping yourself at the table; time will amplify the compound interest of correct decisions.
The market never rewards effort; it only opens its dividends to those who awaken their cognition.
The core of making money is not technique, but understanding the essence and unwavering execution.
When you learn to combat human nature and coexist with the rules, the market will naturally become your practice ground.
