My trading mentor's famous quote: I never study stop-loss; once I open a position, I commit to it. If it's wrong, I run. At most, I pay a fee. I don't even know how to get out of a position because I’ve never been trapped; I would have exited early.

This saying accompanied me through my beginner phase, and I inexplicably made a lot of money—small losses, small gains, and occasionally missing a big move, resulting in a big profit. I’ve never experienced a big loss. Since I started thinking about how to capture the entire profit segment, like a billboard showing thousands of percent profit, I kept trying to hold on and not sell early. That’s when I started losing money. I remember clearly, someone bought sand with 10U capital and made 800U profit. I kept doing the roller coaster, thinking I could make that 8000% profit, haha. Then I learned to analyze various indicators, study stop-loss and position holding, which led to big losses. It’s said that to make big profits, you must withstand drawdowns. Either take profit or cut losses, haha. That’s when I learned to resist holding too many positions.

Now I think, we are all ordinary people. We don’t have clairvoyance to distinguish what market conditions we can or cannot trade. I just want to keep it simple: make money when I can, run when I can’t. Don’t bother me with too many theories. If you want more, then let the market rise first. I will never trade against the trend. Quit bottom fishing and top-tapping; you’ll save a lot of money!

Why did I suddenly think of saying this? It’s because the more I learn, the more I feel I can’t find the feeling of making money. I used to know nothing. I saw that Vegas channel system had a high win rate, so I set it up and used it consistently. As a total beginner, I made over 10U to more than 10,000U in about 3 days to a week each time, six times. Each time, I only risked 5% of my position. When I saw it rise, I bought long; when it fell, I shorted. When I made money, I took it; if I lost, I ran. Nothing else. But I was making money. Looking back, because I never traded against the trend then, my win rate was high. When I occasionally lost, I’d exit quickly. My stop-loss was usually 1U, 2U, never exceeding 10U. The more I made, the more I earned.

I also want to summarize why I blew up my account. I was always at the same capital level. The last time, I had 19,600, just 400 short of breaking the 10,000 mark. I thought I’d make 400 and then go to sleep (I had been awake for almost three days, just dozing off in the chair). But just like the previous five times, I reached a point where my inner demon made me break my discipline. I added to my position after losing, gave a bearish signal, and tried to bottom-fish...

After reading many trading experts’ experiences, I realize that the key to wealth is mastering one skill and executing it to the end. How much you can earn is given by the market. Don’t set too many goals; take what the market gives you. When you make money, hold on; when you lose, run quickly. That’s all. Many people question whether there are sustainable profitable trading systems, saying this industry is like gambling. But think about it—if it can’t keep you making money, then you’re always losing and making mistakes. If you’re 100% consistently losing, then you’re just playing against yourself, which means stable profit, right? So, daily review and reflection are essential. Keep the good, fix the bad next time, and grow gradually. Don’t obsess over profit numbers or win rate. Just focus on doing the right things. Haha. I once blew up my account because I chased a 100% win rate, opening both long and short positions in a volatile market. It’s possible to achieve 100% win rate in choppy conditions, but in a trending market, the wrong side will keep adding until it blows up. That’s how money gets lost. If you have these issues, let’s supervise each other and encourage each other. I hope this will be the last time I reflect on these mistakes. People shouldn’t dwell on the past. If I reflect again, I hope it’s on new issues. No more the same old problems.

Yesterday, I got nervous again trying to chase a 100% win rate, and during a big rally, I was wondering where I was shorting. If I keep doing this, I might as well send you all red envelopes during the live stream!