In eight years, I went from 30,000 to 11,000,000. It wasn't an overnight turnaround, nor was it a smooth journey!
If I had to summarize the most valuable insight in one sentence: when you start to feel that the market is 'just like that', danger is already behind you.
In the first few years of making money, I also felt elated.
After a few successful trades, my account steadily increased, and I couldn't help but develop a delusion—thinking I had 'figured it out'.
That feeling is particularly lethal.
You will relax your risk control, start increasing your positions, and stop setting exit strategies,
even thinking that any pullback is an opportunity.
But what the market loves to do is,
at your most confident moment,
to push you down from the high.
Later, I realized that what truly allows me to survive is not how many times I've made the right judgment,
but when I choose not to make a judgment.
For a while,
I often told myself:
'I really don't understand this part.'
Not understanding the trends,
not touching the directions that haven't emerged,
not feeling anxious about missing out.
Many people feel that admitting 'I don't understand' is very embarrassing,
but in this market,
that is precisely the most valuable ability.
Because once you admit that you don't understand,
you will automatically reduce your actions,
start respecting risks,
and begin to leave yourself an exit.
Slowly, I realized that
money is not made at the most aggressive times,
but preserved at the most restrained times.
