Today is the 424th day of my dynamic posting, without a single break. 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 every day can help you. The world is vast, and I am small, so please follow me to avoid difficulty in finding.

Most people come to the market feeling lost and lack the most fundamental insight 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 all just be cutting losses, with not a single profit running! The master says: learn from Livermore and pyramid your position. Right? Yes! But when it gets to you, you end up losing everything.
The master said: Time is the rose of compound interest. Right? Yes! But maybe you'll experience a decline over ten years instead of growth. The master said to go with the trend. Right? Yes! But once you get involved, it seems like the market is watching you, and it reverses. The master said, we should take high-odds trades, don’t be afraid to cut losses, dare to cut losses, and even learn to love cutting losses. Damn it, it’s all so twisted, and now I have to learn to love cutting losses, making it so I don’t even dare to place an order... All of this actually reflects the superficial or indirect understanding of the market by novice traders; trading lacks foundation.

So, what is the essence of trading? Setting aside all the right or wrong or popular opinions, ask yourself, what is trading? An exchange of one thing for another is trading, right? Trading is a process of giving and receiving. If you give more and receive less, that is a loss;
The less you give up, the more you gain. People often say: give up a lot to gain a lot, give up a little to gain a little, if you don't give up, you won't gain. That is a trick to deceive you into high-cost entry. Giving up a lot does not necessarily mean gaining a lot; it could also lead to a big loss. Giving up a little does not necessarily mean gaining a little; it could lead to significant gains, but it certainly won't result in a big loss.

A wise trader must be able to sacrifice small gains for larger ones. By continuously accumulating wealth through multiple small sacrifices, this approach keeps the mindset very positive, and losing isn't a big deal.