#不确定性 is an eternal theme in investment transactions. In fact, it is the same in life. When everything is determined, there are no opportunities. In the thinking of the poor, there is a fatal flaw: the pursuit of "certainty."

Then, the possibility is lost.

The truth about making money is actually very cruel:

Things that can make money in the world must be uncertain;

Anything that can make a lot of money in the world must be extremely uncertain.

Only uncertainty can help you keep your opponents at bay.

Only if you are not sure whether you can make money can you eliminate the most peers and let you enjoy the dividends exclusively.

There was once a program where they allowed rich people to experience life at the bottom.

At first, these rich people agreed that as long as they have the ability, they will not stay at the bottom.

But after a few days of experience, they found that they were slapped in the face. It turned out that all their energy was wasted on three meals a day.

I have to work all day just to have enough food, and I am exhausted and have no fighting spirit.

In the end, they had to admit the truth: It’s not that people at the bottom don’t work hard, but that they are too exhausted to make a living and have no time to plan for the future.

Any podcaster will tell you this.

You wipe your tears, he earns a click, he is good and you are good.

But there’s a question: why would a show like this exist?

Why would he make a show like this for you to watch? Because of the ratings, because there are more poor people and less rich people.

Because poor people like to see: I don’t have money, not because I don’t work hard, but because the environment is really bad.

Why do domineering CEOs in soap operas always fall in love with the girl at the front desk? Because only grassroots heroines like this have time to watch this kind of plot.

Among its audience, there is no overbearing president at all.

The audience is a pyramid structure. The lower and lower the topic is, the more resonance it will have and the better the ratings will be.

All ratings have a natural drawback, they are not weighted.

No matter how good he sang, Pavarotti only had one vote;

No matter how well written the article is, Haruki Murakami can only give it one like.

The final result of the media must be to make the group with the largest base happy. Whatever these people like to watch, he does.

Most of the media have to make a profit, make money, eat, and feed a bunch of people.

Why do you believe that businessmen will deceive you, but not believe that the media, who are also businessmen, will deceive you? The biggest pitfall is that you don’t even know you are in it.

Another question: Where do rich people come from?

Since no one is born with a bank account, where did the first rich people come from?

We are all poor, grew up in the same village, and ate baked potatoes with runny noses. How did others become phoenixes?

Because there are always some poor people who are more resilient, more self-disciplined, more determined, and more daring to take risks.

When others finish work and go home and fall asleep, he is thinking; when others are working mechanically all day long, he is thinking; when others are content with a small fortune guarding one-third of an acre of land, he is thinking.

He is looking for a road that no one else has ever walked before, a road that he doesn't know is right or wrong, a road that may destroy his family and his body.

Then he gritted his teeth and really hit the road.

The weak always think that others are bullying them, they always think that they have missed the best era, and they always think that when the rich were young, there was gold everywhere.

In troubled times, he said how could he become rich if he didn't even have enough to eat? In the prosperous times, he said that all the money had been robbed, how could he become rich?

Do you know who those people were who went into business back then?

They are all marginalized people, those who are unemployed and too poor to survive.

People who have not reached this stage are all in good work units, and they are all working hard to allocate houses, create work establishments, and grab iron rice bowls. As long as they have some status, they will not go to the roadside to sell tea eggs.

Business at that time was not like today. If you wanted to open a clothing factory, you couldn't buy fabrics, you couldn't buy machines, and you couldn't afford anything that was on sale.

If you want to buy a house, you have to sell it, because no bank dares to give you a loan.

We only have a small amount of money in total. If we lose money, what will happen to the family's food? What should I do if my children go to school? What should I do to support my parents in old age?

Getting rich has always been a game for the brave.

You think your equipment is not good, but equipment is never free. Equipment must be replaced desperately.

If you don't dare to change desperately, don't complain about unfairness.

Why is it difficult for poor people to make money? It's because you want to make money so much. You go in and out hundreds of times every day. Your mind is filled with money, and you are too eager for quick success and quick profit.

You are pursuing one certain thing from beginning to end, that is: what can you do to make money.

It's like chasing a button that you can press and instantly become rich.

Many people are keen on taking exams and improving themselves in various aspects, such as learning accounting and learning English.

None of this is bad, but there's a problem with it: it's ok.

That is to say, everyone knows that it is good and everyone knows that learning it is useful. That will definitely attract countless opponents until the profits are evened out to you.

Many parents enroll their children in classes for the same reason.

If you look carefully, everything is certain, quantifiable, and visible: the improvement of piano can be seen; the improvement of mathematics can be seen; the improvement of dance can be seen.

But you say, my outlook on life, values ​​and world view have improved. What do you think? Can't watch.

Because it seems like I can’t make money, I can’t eat, drink, or cash out, so there seems to be no use in learning it.

But what can really change your destiny in this world is precisely the knowledge that seems to be of little use, the knowledge that you don’t know what the return will be in a short time after learning it.

Only this kind of knowledge that is long-term, not eager for quick success, not just for the immediate, and not sure whether it is good or not, can allow you to get rid of most opponents, can allow you to understand the rules before competing together, and can allow you to compete at the level of the framework. Exceed your opponent dozens or hundreds of times. Economics is the underlying framework.

It can be as small as a person or as large as a country. If you look at all aspects, it is nothing more than cost in exchange for benefit.

The efforts of many people are efforts to see what is useful and to learn what is useful.

They are extremely smart and think that they never spend their energy on useless things.

But it is precisely this kind of shrewdness that misleads them. They stare at their feet, for fear of taking a wrong step, but they move forward without thinking at the intersection of right and wrong in life. After half a lifetime of asceticism, my hands are empty.

Trading must be done carefully and not excessively. Trading is a probability game. From a probability perspective, frequent trading will make the probability infinitely close to the result of tossing a coin and lose the high probability advantage.

At the same time, frequent trading means frequent decision-making. Each decision will consume your energy, leading to a decline in judgment, and high-frequency decisions will further increase the difficulty of decision-making.

Secondly, the transaction costs of frequent transactions are very high. From the perspective of return and risk, this is a high-cost, low-probability trading activity.

Trading ability is something with boundaries, that is, a circle of competence. Everyone should abide by their own circle of competence, like a lion king, patrolling and enjoying prey in their own territory, and never rashly compete with the lion king in another territory, let alone foolishly compete with the lion king in the water. The crocodile goes to grab territory.

In our daily lives, it is very popular to organize this class reunion, that hometown reunion, etc. The reason why this kind of social activities to catch up with the crowd continues to be popular is based on this ancient survival logic: that is, the wider the network of people, the more people you have. The greater my personal energy, the more social resources I will obtain. Is it really?

This is a wrong one-sided understanding. The so-called social circle in life is actually a resource exchange circle, not your resource utilization circle.

Whether others socialize with you essentially depends on whether you are worthy of socializing and whether you have resources worth exchanging. If not, others will sooner or later not take you to play.

Social circle is actually a pseudo-question. The real question is whether you are worthy of being socialized by others.

So instead of wasting energy on such boring and ineffective socializing, it is better to develop your core abilities in a down-to-earth manner. With this ability, you will naturally have a social circle.

When it comes to personal ability improvement, depth is the key compared to breadth. Breadth is just a foundation and needs to be experienced in the beginner stage. But to truly build your own core competitiveness, you must have depth.

To gain depth, you must draw a circle of competence for yourself, work intensively in this circle, polish it with concentration, and forge your own unique skills.

The risks for novices in trading mainly come from ignorance and lack of restraint on human weaknesses. At this time, there is actually no circle of competence, and more breadth is needed as a basis to cultivate abilities.

The risks for veterans mainly come from their arrogance and superstition about their abilities, their unwillingness to stay honestly within their own circle of competence, and their cross-border transactions from time to time. Because cross-border operations are subject to limited capabilities, they will inevitably reduce the probability of success and lead to losses.

For a speculator, the most important thing is not the size of the circle of competence, but knowing where you are. If you know the boundaries of your circle of competence, you will be better than someone whose circle of competence is 5 times larger than you but doesn't know where the boundaries are. People are much more important!

Admitting the weaknesses of human nature is the prerequisite for discussing all trading behaviors!

What is human nature? We are humans, not animals, not gods.

Animals only have sensibility, and sensibility is just the knowledge and ability to survive and reproduce.

God has divinity, and divinity is omniscience and omnipotence.

As human beings, we cannot be omniscient and omnipotent. At most, we have a flash of inspiration and spirituality, but the inspiration is only for a moment, so we have no divinity and cannot reach it.

But we are not only good at surviving and reproducing, we also do many interesting things, such as trading. We understand the pros and cons, can distinguish right from the wrong, and have a rational side.

Human nature is a combination of sensibility, rationality, and spirituality. It is higher than sensibility and lower than divinity. Caught in the middle, it cannot achieve the carefreeness of divinity, nor can it achieve the casualness of sensibility. In a word, human nature is It’s just a kind of limited rationality!

Only by frankly accepting this premise and understanding that it is#impossiblecan we have the principle and need to draw a bottom line for ourselves.

Only when you understand your own time #会犯错 can you have the discipline to draw a red line for yourself.

After understanding #谋事在人成事在天 , I have the need for faith to provide myself with a lifeline of strength.

This is the so-called enlightened person who generates laws from the heart, and the enlightened person who implements them by nature.

Trading that repeatedly challenges human nature is seeking death. Human nature cannot be challenged, it can only be sublimated.

“#专注” For a novice trader or a leek, it is a task that is even more difficult than reaching the sky.

"#只做一个品种，只做一个方向”， This sounds a bit fanciful to novices. Aren't we here to speculate in the market to seize every opportunity to make money and get rich? If we only work in one variety, we will miss N many other opportunities? What if we only work in one direction? Possible? Isn’t it possible to trade both long and short?

Yes, many stories with tragic endings begin with accidents.

Most people pay attention to a bunch of varieties. The problem they often encounter is that if they finally make a lot of money on a certain variety, they will definitely lose money on other inexplicable varieties. Although there are various ways to lose money, this kind of loss pattern is common in trading leeks.

There is a story about a tinker reciting Buddha’s name: Many people don’t know that tinker is an industry that no longer exists. Fifty or sixty years ago, this industry existed in ordinary rural areas in mainland China, mending pots and bowls. of.

When our rice bowl is broken, he mends it again so that it can be used again. He who mends pots and bowls takes on a burden. Doing this kind of business is very difficult.

The tinker felt that life was too hard. When he saw the old monk Di Xian becoming a monk, he thought it would be a good idea to become a monk, so he approached the old monk Di Xian and wanted to become a monk and asked him to be his master.

Master Di Xian was his fellow countryman and his childhood playmate.

The old monk said: "You cannot become a monk. You are over forty years old, illiterate, have no wisdom, and are extremely stupid. How can you become a monk?"

But he had to insist on becoming a monk. In the end, the old monk tortured him so much that he couldn't do anything about it. He said, "That's great. If you really want to become a monk with me, you have to agree to one condition."

He said: "What conditions?"

"You must listen to me. You can do whatever I tell you."

He said, "This is fine. Since I recognize you as my master, I will listen to whatever you say and do it."

He was ordained and was not allowed to live in the temple. He would not be able to learn the five lessons while living in the temple. It was impossible. Of course the people in the temple will dislike him, and his life will be difficult.

In particular, he went to the countryside to find a dilapidated, abandoned temple where no one lived, and let him live there.Find some guardians in the countryside and give him some food every month so that he can live a comfortable life.

He was doing well after all, and there was a very enthusiastic old woman who cooked him two meals a day, and someone else cooked for him at noon and evening.

The old monk only taught him the six words "Namo Amitabha" and told him: Just keep reciting it. When you are tired of reciting, take a rest. When you are rested, recite again. "

In this way, he was really obedient and recited it conscientiously. He recited it for three years and did not go out for three years. It was like being in seclusion.

This method of reciting the Buddha's name is very good and has no pressure. It is very convenient for people nowadays. Take a rest when you are tired of reciting, and then recite after you have rested. There is no distinction between day and night, when you are tired, when you rest, when you wake up, and when you get back to work. Really cool!

He chanted like this for three years, predicting that the time would come, and died standing up.

The day before I passed away, I told the old woman who was cooking, and she said, "Don't cook for me tomorrow."

The strange thing about this old woman is that she has never been out for three years and has been chanting Buddha's name at home. On this day, he told the old woman that he would go out to the city to see friends, but in fact he went to say goodbye.

After coming back, the old woman cooked dinner for him again. After he finished his dinner, he told her: "Don't come to cook for me tomorrow."

The old woman felt very strange. Maybe he went out to see his friends today, and maybe his friends would invite him to dinner tomorrow. It was unknown. Why did he ask her not to come and cook for him tomorrow?

But the old woman still came the next day and came to have a look at noon. His temple is a ruined temple with no doors. He has nothing and nothing.

The old woman called Master, but no one responded. When she walked back, she saw him standing there with a rosary in his hand, but she refused to respond. She walked closer to him and saw that he was dead.

The old woman was petrified. She had never seen anyone die standing up before. She hurriedly reported to the guardians. All the guardians came to see her and immediately sent someone to deliver the news to the old monk Di Xian.

The old monk Di rushed over and stayed there for three days. Seeing him like this, the old monk Di admired him. He said: "After all, you did not become a monk in vain. You have achieved great achievements. The masters who preach the scriptures in the contemporary era are not as good as you, and the abbots and abbots of famous mountain monasteries are not as good as you. You have really achieved success.""One sentence of Amitabha can be achieved in three years.

The most indispensable thing in our market is "smart people". Smart people often want this and that, do this and want to do that. They want to catch every fluctuation in the market, and it is best to buy at a low point. Selling at a high point does not rule out the existence of such talented and intelligent people, but ask yourself, are most people like this?

If not, then it is better to follow the example of the pot leaker, be honest and recite the Buddha's name, be extremely focused, abandon the unsuitable varieties and trading methods, and focus on fewer varieties. You can make money even if you master one variety.

To make money within your own knowledge, don’t compare with others, but with your past self, and it’s great to take a small step forward every day.

Simply #图表派交易 will become boring after reaching a certain level. For chart traders who have truly become successful, their trading system and the trading concepts and trading philosophy behind them have been completely integrated with their personal personalities. For any K-line trend in any market, They all have corresponding preparations and plans, and they are completely not happy with things or sad with themselves. They can objectively follow their own systems and plans regarding the market trend.

When a signal appears, cast a wide net and usually just wait. Therefore, those who have to open the software every moment to take a look are mostly losing money. No one or any method can predict the market K-line in the next second. If there were any ups and downs, then all financial and speculative markets would disappear in an instant.

Then trading is to fully embrace the uncertainty of the market, and while acknowledging the uncertainty, use probabilistic thinking, only make signals that you can understand, and then repeat them continuously, and achieve the positive return of your own by making big profits and small losses. toward accumulation.

The trading system must be as simple as possible.

The simpler something is, the easier it is to execute, and the simpler something is, the stronger its underlying layer is.

With a good system, you need to find a good market.

The most important thing about catching a lot of fish is not the technique of casting the net, but that there are many fish in that water area.

The market must be incremental. A steady stream of players coming in with their real money is certainly easier than in those involuntarily located places.

Where there are many rookies, the probability of winning is much higher.

The faster the market moves, the better. For example, if you want to get out of an upward trend (Big Bull), it must go through a long period of shock before it, as long as the horizontal direction is, and as high as the vertical direction.

The blockier the rhythm is, the faster the bull-bear transition is, which is equivalent to our trading life being longer.

After all, do you have the patience to wait for a big bull to come in every seven or eight years?

In the current context of global recession, there are two good places. One is AI, which represents advanced productivity, and the other is web3, which represents advanced production relations, which is our current circle.

Our current circle is currently on the road to the entry of traditional institutions and old money, the beginning of formalization. In fact, this is not a good thing for us. Once an industry begins to formalize, it means that its barbaric growth begins. At the end of the game, its dividends begin to revert to the mean, so there are really few opportunities for young people to change their lives.

In this young man's last wild west, let's fight hard. I hope that in the world of #web3 , everyone will never let down their undiminished blood.

#沪少十二少 The private little red circle trading teaching materials have been updated to the group. Let’s briefly introduce the Shanghai Twelve Young Masters: The Shanghai Twelve Young Masters, whose pen name is Li Yongze, has a master’s degree in financial management from the National University of Singapore and is a professional trader. He once worked with Qingze (" Author of "Ten Years of Dreams"), Fu Aimin (introduced in the book Stable Profitability), Lin Ruhan and other industry veterans established Qingze Investment to operate private equity funds. They have shared their trading experience at traditional futures industry summits many times, with nearly 20 He has years of experience in futures trading and has published many trading insights online. He is a rare guide for those who are learning to trade and is worth learning from!

The correct concept is the cornerstone of your speculative trading. The correct concept is a basis for designing your system. Only with the system can you have weapons, and with the weapons can you go into battle to kill the enemy...

$ORDI ready to take off🚀🚀🚀

Making money/wealth consists of three points. If any point is ignored, the result will be greatly reduced.

The first point, #框架。

The prerequisite for making money is not to be in a hurry to make money; the prerequisite for playing games is to not be in a hurry to kill.

The same goes for speculative trading. Don't rush to buy, buy, sell, sell as soon as you open an account.

When you enter any industry, the first thing you must study is the framework and rules.

Only by understanding the game rules of the industry can you play as many levels as possible. Otherwise, if you don’t know what is behind the door, whether there are traps on the ground, or where the monster’s weaknesses are, problems will definitely arise.

That's what frames are for.

Why can't many people make money? Because they are too anxious to make money, they don't realize the importance of the framework. They just want to get an answer to what they can do to make money quickly.

This mentality of eager for quick success makes them particularly vulnerable to being "cut off leeks". I finally made some money, but once I fell into a trap, I spent it again.

Only when you understand the rules of the game will you know that there are some choices that you don’t even need to look at.

Second point, #执行。

The framework cannot stop at theory, you have to use it.

For example, what is the most important thing in making money?

It is to surpass the opponent.

So how can we transcend it?

There are two ways: either you are very good in this industry, for example, you have core technology; or you choose a field where your opponents are very ordinary, such as short video.

The problem is that if you think it is difficult to make money in your industry, it means that you do not have core technology, and your only option is the second one.

When most people don’t understand, can’t, or even want to do it, that’s your chance.

The premise is that you have to do it, you have to take action, and you can't be timid.

Pro-Yuan Xian fish, as retreat webs. We all know that we made money by going to sea, but at that time, there were a few people who dared to leave their comfort zones, and a few people who dared to solemnly sign their names on the resignation application, saying that I would be responsible for my own pension and medical care in the future, and everything had nothing to do with this unit. ?

If it is a trend, just do it; if you don’t understand, just learn it. Choice is the key to widening the gap; the wind direction is ten thousand times more important than your sweat. Rowing against the wind is exhausting.

Only the wind outlet is not enough, because no matter how strong the wind is, it will stop one day; no matter how strong the boxer is, there will be a time when he will grow old.

The third point, #守护。

Once you have made money, you will discover a terrible fact, that is - you cannot make a big mistake, otherwise you will have to start over.

Just like a bathtub, no matter how much water you can fill, the drain valve must not leak, otherwise all your efforts will be wasted.

The first priority of guarding is stability, which means you don’t need to keep an eye on it. Even if you don’t care about it at all, you will never worry that one day you will come back with half a tank of water missing.

Many people have problems with this link. They mistake offense for defense. They think they are managing money. They watch the curve rise and fall, and watch it with fear for a year. At the end of the day, they still lost 20%.

Wisdom lies in inaction. Utilize the power of trends and inflation, and by switching the storage method of wealth, turn labor into a core resource that cannot be over-distributed, and enjoy the dividends of judgment once and for all.

As the saying goes, use the end to make wealth, use the foundation to keep it.

Wealth is a whole system. Life is not determined by a few books, nor by a few people. It is a system constructed by dozens or even hundreds of books. It requires gradual attempts, gradual explorations, gradual encounters with walls, and finally a conclusion. Develop a methodology that suits you.

There is never a button that can make you rich. If there is, it will be suffering, pain, and the feeling that life is worse than death. It is trying your best but not seeing any hope, but you can only grit your teeth and persevere.

Only this kind of pain can create a steely soul. If you don’t know what it feels like to grow old overnight, don’t envy other people’s generosity of billions.

To understand the deceptiveness of logic, let me tell you a story first: from "Lu Shi Chun Qiu·Li Wei"

The story tells the story of a man named Deng Xi (said to be the originator of lawyers in history) who taught people to fight lawsuits during the Spring and Autumn Period.

There was a rich man's father in Zheng who accidentally fell into the river and drowned. He was fished out by a fisherman. The fisherman asked the rich man to sell his body at a very high price. The rich man was very dissatisfied and went to Deng Xi to seek a solution. Deng Xi told him: "Don't worry, who else can he sell to besides you?" The rich man acted according to his plan.

After a few days, the fisherman became anxious. The body was rotting and smelly. He also went to Deng Xi for advice. Deng Xi told him: "Don't worry, where else can he go but to buy from you?"

In the end, the body rotted on the roadside, causing a very bad social impact.

From a logical point of view, both statements are correct, but why do they lead to very bad results?

This illustrates a problem, logic serves consciousness.

The philosopher Osho made an analogy: "Logic is actually a prostitute, serving whoever gives you money." Although it doesn't sound very good, it makes sense.

In fact, if you think about it, when we do anything, we actually first have an idea (consciousness), and then start to match it with a bunch of logic, or excuses. So logic is actually not important, it only serves consciousness.

What I want to illustrate by saying this is that the logic of various so-called analysts, commentators, and experts in the news is not necessarily true facts, but is just a by-product of their thoughts.

You will find that they have a high level of "hindsight". BTC has risen today. They will find a bunch of logic and reasons to make a bunch of explanations for today's surge (why US interest rate hike expectations are lowered, what European CPI inflation is increasing, what European The exit from QE may be expected to be brought forward, and ETF will be adopted soon...). Friends who don’t understand this principle are likely to study these logics carefully, but you will find that these logics can only be explained afterwards and cannot be used to predict the market. These experts will also make predictions, but most of them are inaccurate, even if they are accurate. , is also a probability, it’s just a guess right occasionally, because the next prediction will be invalid.

Dennis from "The Turtle Trading Rules" knows this truth. He has a principle when selecting excellent traders, that is, if the trader has no independent opinion and follows the advice of a broker or analyst and changes his mind, then he will immediately change his mind. Fired from the trading team.

There is another danger of logic, that is, if you believe in logic too much, logic will strengthen itself in trading, and you will become stubborn in trading. Your logic supports you to do long, but when the market starts to fall, you will move out of your own. Logic, and then check it, it feels correct, and then you blindly insist on it, and even increase your position against the trend, which eventually leads to bigger and bigger losses. By the time you have to doubt your logic, the losses are already huge.

Therefore, logic is not important, because it takes time to analyze logic, and you need to check whether the logic is correct. Don't follow other people's suggestions. Sticking to your own trading system is the way to go. You don't even need to trade logically. Enter the market when a signal appears.

The most important thing is not what cards you draw, but whether you can play the cards in your hand well. 2023 Berkshire Hathaway Shareholders Meeting, #芒格 : Let me answer. Nowadays, there are more and more value investors, the competition among them is becoming more and more fierce, and good opportunities are becoming less and less. Life for value investors is unlikely to be as easy in the future as it was in the past. My suggestion is simple. Value investors should be mentally prepared and accept the reality that it is difficult to make money.

Munger left us a lot of wisdom. For example, he said that the opportunity to make money is not by buying, but by waiting. I think the most important thing in the market is to wait. There are many opportunities now, but they all require waiting. Waiting is the most important profit.

Don't think about making quick money, slow money is what accumulates in the end and makes a big increase.

For example, he said that he is an optimistic pessimist. Pessimism is often correct, but this correctness is almost useless, while optimism is often successful. Only with optimism can you research, explore the unknown, and discover solutions. Optimistic dream pursuit like Musk is the best way to live.

Munger said that we must continue to learn. Regarding reading, he once said: There are no smart people I have met in my life (smart people from all walks of life) who do not read every day - none, not one. It might surprise you how much Buffett reads and how much I read. My kids laugh at me. They think I am a book with two legs.

It takes a lifetime of hard work and a lot of reading.

Continuous learning and continuous follow-up are the only ways to do business in the market. Wisdom and wealth, investment master, children and grandchildren, a legend #芒格离世 …

Salute to his wisdom!

Chasing hot topics every day, running around with the project team, staying up late every day, studying the narrative stories customized for you by the project team, scratching the surface, looking like you are studying hard, but in fact, most of what you see is just a narrative to brainwash you.

As #投机者 (it can only be speculation in the currency circle), understanding narrative is the beginning of becoming smarter.

Whether it is investment research reports or various types of news, you can only read them as stories, and the accuracy may not even reach 10%. Because of this, those who make investments based on the words of KOLs are equivalent to blind people trying to figure out the elephant. Look at the ancestral graves.

If you don’t understand a project yourself and you need someone else to explain it to you, who will lose money if you don’t lose money?

Many seemingly lofty concepts are real, and can they be put into practice? Does it meet the current market demand?

Such outrageous theories as "Bitcoin replaces fiat currency", "Bitcoin is digital gold", "Ethereum is an innovation of human civilization", are the people in the currency circle making obscene remarks, or are the project developers deceiving?

If you lack the most basic ability to identify information, you are destined to live in a world where you are psychologically massaged by scammers every day.

The current mainstream view in the financial industry is that Bitcoin and its like have no resistance to inflation at all, and the only remaining value is the illegal transaction of equivalents. Although this view is a bit too pessimistic, it is indeed the mainstream view in the current financial industry.

The urgent need in the currency circle is #赌场和投机 , which is #旁氏和资金盘， . Remember, this is the key point, everything else is just a wedding dress, a blinding trick, and seeing may not be true.

Once you know that the main needs of the currency circle are casinos and speculation, you will understand that competition in a certain track in the currency circle has never been determined solely by technology. For example, in the current Bitcoin ecosystem, how many protocols are claimed to be better than ordinals, and how many protocols are claimed to be better than Ordinals. Ordinals are more reasonable, but unfortunately these respective abilities will eventually become the wedding dress for the leader, and the start is a foregone conclusion.

Just like $SHIB back then, how many "empowering" coins are there in its ecosystem, and which one has a market value that has risen to 10% of $SHIB ?

There are many textbook-like written works about #交易 , and there are also many "trading quotes", which are like those so-called chicken soup for the soul, such as: "Your life has hit rock bottom, and there is only one way to go up." The truth is: there is a deep pit below the valley bottom, and there is hell below the deep pit... Another example is: "Nothing in the world is difficult as long as you are willing to climb." The truth is: No matter how hard you work, you may not succeed. It would be easier to simply "Nothing in the world is difficult as long as you are willing to give up"...

There are also many such chicken soups in trading, such as: "Follow the trend, take a short position, and stop the loss." The truth is: it is obvious that the trend is followed, but the loss is a dog; it is obvious that it is always a short position, but in the end it is all wiped out; it is obvious that every time Set a stop loss immediately when placing an order, but looking at the account afterwards, every loss is caused by the stop loss.

From the perspective of practical winners, many concepts in books are not necessarily very practical. They are just chicken soup. They can make you feel enlightened and passionate after reading it. It seems that success is about to be easily achieved, but the truth is You have memorized so much "chicken soup of trading", but still can't do your trading well.

Every concept must be supported by practical results, and the templates covered by these concepts are universal. This is the most important thing.

In trading, there is a certain gap between practice and theory, and universal theories are not necessarily operable in practice. For example, in actual practice, "going with the trend" means betting on the continuation of the trend. Looking in the rearview mirror means going with the trend. The opportunity for speculative trading is fleeting. Once it is "clear", it has nothing to do with you!

The only person you have to defeat in trading is yourself. The truly correct trading philosophy is the cornerstone of success for successful traders. The harder you work on the wrong path, the further away you will be from success.

What novices should do is learn from other people's successful experiences, establish correct trading concepts, train hard to develop good trading habits, work hard to learn the ability to analyze the market, build strong self-confidence, and strictly control their emotions. The simpler the system should be designed, the better. Don’t imitate anything you can’t do, let alone compare with other people’s trading results, because the actions that others can do are not suitable for everyone. You only need to compare with your previous self. As long as you are making progress, you are the best!

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