This round of shakeout is really brutal.

The market is no longer a game that just anyone can afford to play. I was still advising people to pull out yesterday, and now it seems—if you don’t have real skills, you might not last three days. Don’t have your own trading system? Then you’d better exit early; don’t waste your time and life. On this battlefield, having no system just means you’re cannon fodder.

I’ve said it before: some people are just not cut out for trading. Why force yourself in? Find a reliable job, work for a good boss; or master a craft, and life can still be fulfilling. Why hang yourself on one tree?

The meaning of life might just be in living it well.

The New Year is coming. After this whole year, what does your trading report card look like? Profitable? Or did you pay more tuition again?