When my winning rate is very high, I always feel that enlightenment is just around the corner. However, as time goes by, the capital curve is pushed back outside the door of enlightenment, and this torture repeats over and over again.

A large part of this phenomenon is due to the different stages of cognition.

The first realm: seeing mountains as mountains and seeing water as water.

For traders, this stage means: not knowing that you don’t know.

Friends who have just started trading are still ignorant and confused about the cryptocurrency world. When they see a K-line, they only know it is a K-line, and when they see a price increase, they only know that the coin price has increased.

Often, people believe wind as wind and rain as rain, and follow the trend in trading, making huge profits and losses is the norm.

The biggest problem at this stage is that you don’t know that you don’t know. What you see is what is in front of you. You see the phenomenon but not the essence.

Every time I learn new knowledge with my shallow understanding, I feel that I have gained enlightenment, and then I use it to trade. Maybe I can make money once or twice, but in the end I always end up losing money.

For example, friends often leave messages to share their trading logic, which is often single-minded. When they see a strong market and think there are investors, they will follow suit.

When seeing large orders supporting the price during the decline, people believe that there is capital to maintain the currency price, and use this as a reason to hold the currency, etc.

At this stage, people are most obsessed with technical indicators, such as the golden cross and death cross of MACD combined with the trends of volume and price.

This is the case when you first enter the market. You feel that all new knowledge is a treasure, but the transactions you know are constantly slapped in the face by the market. After this happens repeatedly, you begin to doubt yourself, and then you become confused. Once you are confused, you will enter the next stage.

The second realm: seeing mountains as not mountains and seeing water as not water.

This stage for traders is: knowing what you don’t know.

It is a difficult process to recognize your own shortcomings, because human nature tends to find reasons to make things you don’t know known. If you can get here, you have already stepped over the single-plank bridge with corpses everywhere.

You will find that a window has been opened to the world of trading. After correctly recognizing your own shortcomings and weaknesses, you will be more humble in learning and seeking knowledge, and will not be obsessed with certain techniques and technologies as before.

Learn all-round trading knowledge, including technical aspects, cyclical aspects, chip aspects, on- and off-market capital psychology, etc., and your trading system will be built up invisibly in the process.

When you see a rising currency, you will no longer be impulsive to chase the rise, and you will not be afraid if the currency you hold suddenly sells.

With multi-dimensional cognition, you are getting closer and closer to the truth of the market. As you gain more and more knowledge, you become more and more contradictory.

There are often two of myself fighting. They are equally powerful and neither the real or fake Monkey King can defeat the other.

The technical side has reached the selling point, but the overall situation tells me that the market has not yet finished. Didn’t we agree to open up the pattern? When I was selling, I blamed myself for not listening, and when I was trapped, I cursed myself for being a jerk.

When you start to doubt yourself again, congratulations, you have made progress and you will enter the third realm.

The third realm: seeing mountains as mountains again, and seeing water as water again.

If the first two realms are about addition, this realm starts with subtraction. You know you know, but you may not necessarily do it.

After practicing the first two stages, you have already opened up your Ren and Du meridians. Not only are you superior to others in terms of technology, you have also surpassed most people in terms of emotional management, mentality, and position planning.

Your trading is not limited to tactics and methods, and you can do short-term, halfway, ignition, and low-buy at will. At this time, you are better without any tricks. You will not wait for the opportunity to walk into your ambush circle before taking action. Instead, you will make corresponding trading strategies according to different market conditions, so that you will always be in the most advantageous position.

With a high-level trading perspective, your overall view will also be formed at this stage.

The currency market is like a battlefield, and the art of deploying troops is Mahayana. The guiding ideology of guerrilla warfare during the land war revolution is the basis for the formation and development of the entire People's Liberation Army's strategy and tactics. "When the enemy advances, we retreat; when the enemy stays, we harass; when the enemy is tired, we attack; when the enemy retreats, we pursue." This idea has a great influence on my trading.

When the bears are strong, I will actively reduce my position or go short to avoid their edge.

When the bears appear tired, I take action to try and make mistakes, and bet on the direction of the new cycle.

When the bears are completely defeated by the bulls, I will make a heavy investment. It doesn’t matter if I chase the rise or buy low. My core demand is to participate in it with all my strength.

Tao Te Ching says: Man follows the earth, the earth follows the sky, the sky follows the Tao, and the Tao follows nature.

So the mountain is still the same mountain, the water is still the same water, but you are no longer who you used to be.

So far, these are the three most important stages I have experienced in my trading career, and I believe they are also the three stages that most people have to go through.

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