After so many years, whether trading is done well or not does not depend on educational factors, professional background, or how many years of trading experience one has, but mainly on a person's underlying issues. In fact, many people's professional backgrounds become constraints; the stronger the logic, the more fatal it can be to trading.

When Xiaobao was still doing strategic investments, I met some impressive individuals who were indeed very smart and had exceptional business capabilities. I greatly admire a senior who has a complete set of strong logic to explain Tesla. Every time I listened to him, I was deeply impressed by his powerful logic and reasoning abilities, which indeed made sense (his persuasiveness in the workplace is astonishing; as long as he is involved in a project, LPs are usually convinced). The final conclusion was to short the stock, the higher it goes, the more to short. That was in 2019; I don't need to say what happened later.

The mindset in trading is not like this. I, as a 'dumb cat,' have experienced securities media, working for trading terminals, US listed companies, and VC, gradually transitioning to full-time trading today. When I first arrived at the NYSE Trading Floor in early 2010, I was completely in the dark, feeling a sense of reverence, thinking that those who could trade were probably extraordinary. Later, I discovered that the top traders on the floor came from all walks of life: mathematics, physics, statistics, biology, and many veterans, even a bartender who seemed average. How did they become top traders?

Besides the workplace elites, I have also talked with so-called people with decades of trading experience. In just three sentences, I felt that they were not on the same wavelength. I can't say they are wrong, but at the end of 2022, they were still stubbornly believing in an economic recession, that the US stock market would crash, shorting the entire position, and they had a complete set of strong logic to convince themselves of this.

So I say, the stronger the logic, sometimes it becomes a distraction if that logic is not the underlying logic of trading. In an age where AI and quantitative methods are becoming increasingly powerful, humans can only overcome machines by shedding arrogance and prejudice in their minds.

Is it that hard to respect the market and the data?

After all the glory fades, what remains is who you are, what you are like, and whether your underlying issues are sufficient to support your understanding of the foundational concepts of trading.

Respect, revere, and comply with market data, rather than your own arrogance and ego.

I am Xiaobao, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help resolve confusion and trapped positions, speaking with strength. When you feel lost and don't know what to do, pay attention to Xiaobao; I will point you in the right direction.

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