Core Values of Trading: Trading is like warfare; it requires both offense and defense. Defense is about retreating to advance, while offense is about advancing to retreat. When risks outweigh profits, a perfect retreat is far more significant than a local victory.

The highest realm of trading is to be in cash; only when in cash can one maintain calmness, and only with calmness can one observe the battle, and only by observing can one become a judge, thereby distinguishing strong and weak trends. As long as one stands with the strong team, profits are just a bonus. Hence, what a trader must first learn is to spend most of their time observing rather than participating, not seeking to be involved every time, but aiming for a single trade that can turn the tide.

In this world, no one has an easier life than others; only the strong, even when they fall, must smile. One cannot just cry out in pain when they fall or turn on the light when afraid of the dark. The strong are not born that way; they have simply endured more setbacks.