People often ask me how to make money in this circle.
Talk about technology? Discuss the macro? To be honest, none of these are wrong. But today I don’t want to talk about those abstract things; I want to talk about myself. Eight years, three waves of market trends, my account has gone from barely making ends meet to being able to take a breath. The biggest takeaway is this: the more you think about 'trading', the more the market wants to 'trade' you.
I am not a genius, and I can even say I am a bit dull. A few years ago, I was also crazy. Sticking to the screen for 24 hours, rushing to whichever group had news, feeling that missing one piece of code was like missing a hundred million. What was the result? I earned some, but lost even more. Earnings come from the market's rewards, while losses are due to my own foolishness. It felt like floundering in a swamp; the harder I tried, the faster I sank.
What truly cleared my mind was not a big profit, but a deeply painful loss. Since then, I forced myself to set a few strict rules, which became the 'underlying code' for all my operations later:
Completely give up the fantasy of 'buying the dip' and 'selling at the top.' That's something only gods can do, and I'm not one of them. I only eat the body of the fish, even if it's just a small piece.
Lock 'stop loss' into the strategy, not just talk about it. All my strategy orders have stop losses set at the time of order placement, executed by machines. Emotions? Hesitation? They do not exist. The space for making mistakes is limited; once a limit is hit, you leave, no 'let's see again.'
Reject complexity. I once was also infatuated with various indicators stacked together, creating a colorful screen, feeling like a prophet. Later, I discovered that the simplest is often the most effective. Now, I only look at the structure formed by the price itself—a decent uptrend followed by a gentle pullback with shrinking volume, and then another build-up. That’s enough. When this structure appears, it’s the signal I focus on; when the structure is broken, it’s my exit signal. Other news and hot topics, I reference but will never let them hit the confirmation button for me.
Leverage is poison, occasionally medicine. I hardly use high leverage; that’s a gamble against probability. My core positions are always in spot. Only when the market's 'momentum' is extremely clear and my structural signals keep appearing will I use a bit of low leverage to amplify spot profits, and it must be planned in advance as part of the strategy, never a spur-of-the-moment decision.
These few 'stupid methods' have completely changed my state in the following years. I am no longer that 'hardworking' trader, but rather becoming more and more 'lazy.' Most of the time is spent observing and waiting for that familiar structure with a favorable risk-reward ratio to present itself. I don't need to catch every fluctuation; I just need to have chips ready and be willing to pull the trigger when opportunities within my understanding arise.
Many people think this industry is a game for smart people and quick responders. I actually think the opposite. What’s being tested here is who can persist with some simple principles like a 'fool'; who has more patience to calmly wait for their own hitting zone amidst the market's frenzy or silence.
Recently, the market has started to stir again, with all sorts of voices flying around. My advice is: turn off some noise and sort out your own rules. What are your entry criteria? What are your exit standards? If you can't answer, then any potential profit might just be temporarily lent to you.
Remember, living longer here is more important than anything else. The rest is left to time and your own rules.
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