What should a trader learn in their first lesson when entering the industry?

I've seen too many newcomers who dive headfirst into technical indicators, memorizing candlestick patterns better than multiplication tables. But to be honest, technical analysis is not the hardest part.

The most tormenting aspect of the market is that it will magnify your strengths and weaknesses right in front of your face, like a magnifying glass.

If you are greedy, it will set a honey trap for you, making you chase high prices until you doubt your life; if you are timid, even when good opportunities are right in front of you, you won't dare to take action; if you are stubborn and insist on going against the trend, the market won't pamper you like your parents, it will directly rub you on the ground until you are convinced.

The most common sight in this line is people full of resentment. Today they curse this project as a scam, tomorrow they accuse that analyst of being a shill, and their eyes are full of conspiracy theories. But if you look at their account curves, nine out of ten are standard slides sloping down at a 45-degree angle.

Why? Because they haven't figured out where their bottom line is.

What is the bottom line? It means knowing which money can be earned and which pits should not be jumped into; knowing when to admit defeat and stop losses, rather than stubbornly holding on until liquidation and then cursing the exchange for targeting you. Without this line, you are just a headless fly in the market, chasing this trend today, copying that bottom tomorrow, and in the end, even your principal is lost.

To be honest, the stuff about technical analysis can be grasped with three months of dedicated study. However, learning how to be a good person might require a lifetime of losses as tuition.

The market never owes anyone anything. It simply presents opportunities and risks, and which one to choose is entirely up to you.