From 30 liquidation events to making money every month, I finally grasped the essence of trading.

Now that my monthly profits are stable, looking back I understand that trading is not about competing on technical indicators but rather about playing against one's own nature.

How miserable was I in the first two years? 30 liquidations, 350,000 USD went down the drain, and at my lowest point, I even had to borrow rent from friends. It was this hardship that led me to some real insights.

I stepped into all the pitfalls when I first entered the market:

Memorizing a bunch of MACD and KDJ indicators, but when the market came, I didn’t dare to act;

Occasionally making a bit of money would get me carried away, heavily increasing my position chasing the rise, only to return to square one overnight;

Staying up late every day to monitor the market, staring at the candlesticks while my account balance kept decreasing.

Later I understood that 90% of losses were due to my shallow understanding, simplifying trading too much.

To achieve stable profits, I had to overcome four hurdles.

I initially was part of the “guessing faction,” placing orders based on feelings, thinking I was an expert after a few wins, only for the market to teach me a lesson in no time;

Then I followed trends, learning various strategies, believing everything others said, copying trades without understanding risk management, which was no different from charging into a minefield naked;

Afterward, my skills became proficient, but my mindset collapsed, stubbornly holding onto losses instead of cutting them, leading to even greater losses.

It wasn’t until the end that I realized the truth: fixed position sizes (risk not exceeding 2% per trade), patience in waiting for opportunities, and not treating profits and losses as a big deal made trading truly a tool.

The core of making consistent profits boils down to three points:

Capital management is fundamental; leaving room for error prevents elimination;

The trading system must be simple and executable; overly complex systems simply don’t work;

Mindset is key; the greed and fear reflected in the candlesticks are the biggest enemies.

The market has never actively defeated anyone; the only one who can lose is oneself.

So-called stable profits ultimately come down to controlling that part of yourself that desires to get rich overnight.

Those who can survive and still make money in the market have always been those who dare to reach out first.

Are you ready? @bit福多多

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