Today's share: A friend in the cryptocurrency market sent me his position information today, and he has already been trapped with a considerable amount of funds. He should have looked at the information I shared in my friend circle before (trial and error period). I also experienced a trial and error period in my previous trading: I later divided the trading process into two phases: one is to create a pivot point, and then leverage that pivot point using a small amount of money to give myself a trial and error period. Using the smallest resource investment to achieve this is, in fact, a methodology for doing various things: just like entrepreneurship, dividing the entire entrepreneurial process into a trial and error period from 0 to 1, a growth period from 1 to 10, and a maturity period from 10 to 100. In the early stages of entrepreneurship, using the lowest cost to validate the business loop. After that, resources are invested to scale up. Once the scale reaches a certain level, a moat is built to consolidate the achievements. In the development of Internet products, the concept of MVP (Minimum Viable Product) is also discussed, which emphasizes creating a product that can solve core needs at the lowest cost. First, validate whether there is market demand, and after verification, gradually improve the product. Sharing these ideas are mature methodologies applied in various industries. The application in our trading process is equally applicable; different trading stages come with different risks. Having such guiding principles or methodologies can help you avoid fatal risks in the trading process. I hope that if some friends have the fate to see my sharing and stick around until the end, they must understand one point, whether they are new to the market, starting a business, or engaging in financial trading: a person must first have the ability to earn small money from the market before investing resources to earn big money. Through the trial and error period, creating a pivot point with low cost and then investing resources to expand profits: this logic is not complicated, but many people have not personally experienced it, so they fail to recognize the importance of this matter. Just like many people know they need to improve their cognition, but would rather lose tens of thousands or hundreds of thousands in the market, without realizing they should set aside a portion of their funds for learning. Because entering the market has a characteristic: people always overestimate their abilities. Everyone knows that only less than 20% of people can make money in the market, but why do they still enter the market? It’s because they believe they can become part of that 20%. A direct sharing of practical knowledge from Ping Zhiyuan: I have been reading a book (The Distant Savior) these past two days, and the main character said a classic line that I want to share with everyone: You do not know you, so you are you; if you knew you, you would not be you.