The ability to translate theory into actionable methods and achieve the theoretical effects is called insight, or wisdom. Many understand "going with the flow, using small to fight big, and cutting losses with light positions," but few can translate this theory into concrete actions, and even fewer can achieve the theoretical results.
The theory is just a few sentences, and it has long been a public secret. Therefore, it ultimately comes down to a contest of insight and wisdom, not a contest of theories, techniques, or methods.
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Anyone who predicts the market cannot join the ranks of stable profit earners. Analysis is just a dressed-up prediction and is even more dangerous than prediction itself. After analyzing, one still merely chooses based on intuition, essentially deceiving oneself. Analysis and prediction are the root causes of losing money.
The root of irrationality is the lack of method; however, even with a method, if one lacks conviction and is overly suspicious, it is equivalent to having no method at all, and wisdom far exceeds method. It is very dangerous for traders to predict using trading volume. Volume has no meaning; one only needs to focus on price, without any bias, seeing only signals in sight.
