Trading Insights Sharing
1. Inadequate cognition leads to wasted efforts.
2. Making big money relies on significant market movements; don't fumble around.
3. A low-frequency, slow-paced approach in larger cycles is more likely to succeed.
4. A person's willpower and rationality are consumables.
5. Methods should be simple; simplicity is straightforward and worry-free.
6. Open positions in areas where significant market movements are likely and experiment.
7. Cut losses and let profits run to achieve a high profit-to-loss ratio.
8. Risk management is essential; preserve capital, let profits run, and cut losses.
9. Be patient and wait during stagnant markets; don't open any positions.
10. During significant market movements, go all-in, add to profitable positions, and accumulate wealth quickly.
11. Stay a bit distant from the market; just fire without getting attached, and avoid obsession.