Years in the crypto world, I have gained a few insights from the bits and pieces of trading, and I would like to share them with everyone! The market measures fairness, does not punish mistakes, but forces awakening through repeated lessons. The essence of trading is a practice of cognition and discipline, with core logic hidden in simple rules!
1. Abandon the fantasy of the Holy Grail, return to the essence of the rules
① The profit code is never hidden in secret classics or from masters, but in the four clear elements: trend direction, support and resistance, money management, and rule execution.
② There are no shortcuts to success; doing simple rules to the extreme is the starting point of compound interest.
2. Give up the obsession with prediction, focus on rule execution
① Those who guess market rises and falls will ultimately be harvested by the market; the core of trading is response rather than prediction.
② There is no need to dwell on individual profits and losses; just adhere to the rules, and probabilities will naturally tilt in the long-term execution.
3. Tame human weaknesses: cut losses, amplify profits
① Accepting losses is the entry fee for trading; holding onto losing positions is the deadly poison.
② Profit comes 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 you stare at the market, the more chaotic your mindset becomes; the more cluttered your trading is, the more mistakes you make.
② Skilled traders know how to maintain a safe distance from the market, capturing their own certain trends while waiting.
5. The ultimate state of trading: boredom equals stability
① The daily routine of top traders is monotonous and repetitive: rules remain unchanged, execution is unbiased, emotions are stable.
② Discipline is above all; do not be ecstatically happy over profits, nor shaken by losses; be a mechanical executor of the rules.
6. Survival first principle: living long is more important than earning fast
① Those who face liquidation are not foolish, but die from losing control of risk management.
② Control drawdowns, manage positions well, and always keep yourself at the table; time will amplify the compound interest of right decisions. The market never rewards effort; it only opens dividends to those who awaken to cognition.
The core of making money is not skill, but understanding the essence of cognition and unwavering execution. When you learn to combat human nature and coexist with rules, the market will naturally become your practice ground.
