Today is the 86th day since I started posting dynamically, and I haven't missed a single day. Each post is not done half-heartedly, but is prepared with care. If you think I am a serious person, you can follow me, and I hope the content I share every day can help you. The world is big, while I am small, so please follow me to avoid difficulty in finding me.

Most people come to the market feeling lost and lack fundamental insights into it. Their understanding of trading only scratches the surface. The master says: cut losses and let profits run. Right? Yes! But when it gets to you, it might just be all about cutting losses, with none running! The master says: learn from Livermore and pyramid your positions. Right? Yes! But when it gets to you, it’s all gone.
The master said: Time is the rose of compound interest. Is that right? Yes! But maybe you won't see any growth for ten years and might even lose. The master said we should go with the trend. Is that right? Yes! But once you get involved, it seems like the market is watching you and reverses. The master said we should make high odds trades, and not be afraid to cut losses; we should dare to cut losses, even learn to love cutting losses. Damn it, it's all messed up, and now I have to love cutting losses, which makes me hesitant to place orders... All of this actually reflects the superficial or side understanding of the market by beginner traders; trading has no foundation.
So, what is the essence of trading? Setting aside all the correct or incorrect or popular opinions, ask yourself, what is trading? Trading is the exchange of one thing for another, right? Trading is a process of giving and receiving. Giving more and receiving less means a loss.
The less you give up, the more you gain is profit. People often say: big sacrifices lead to big gains, small sacrifices lead to small gains, and if you don’t sacrifice, you won’t gain. That’s just a line to trick you into high-cost investments. A big sacrifice doesn’t necessarily lead to big gains, it could also result in significant losses; a small sacrifice doesn’t necessarily lead to small gains, it could also result in substantial gains, but it definitely won’t lead to big losses.
A wise trader must be willing to give up small things for greater gains. By continuously accumulating wealth through many small sacrifices, this approach also fosters a very good mindset, and losing is not a big deal.