It's been about ten years since I got into the circle.

Looking back at the age of 33, when I first entered the market 14 years ago, I was gripping the 60,000 yuan I borrowed, and to say I wasn't anxious would be a lie. Now, the numbers in my account have increased by two digits, but my mentality is no longer as excited as it used to be—this money didn't fall from the sky; it has been earned by stepping through one pit after another.

The trading styles I have tried may be more diverse than what many people think: holding long-term leads to existential doubts, short-term trading results in shaky hands, and day trading involves back and forth switching. I can't say I'm particularly skilled on the technical side, but when it comes to understanding the concept of "losing money," I can indeed say I have a deeper insight than most.

Over the years, I've seen too many dramatic stories. Tens of thousands of principal turning into tens of millions, and a bear market wiping it all out—do you think they lack technical skills?

No. It’s just that I’ve become addicted to holding positions. When luck is on my side, there are enough bullets, and I can withstand the pullbacks; but on that one unlucky occasion, my account went to zero directly. Some people may hold correctly 99 times, but as long as there’s that one time they can’t hold, it’s not just a small loss; it’s a direct exit.

There's another problem I've seen a lot: people get anxious as soon as they lose money.

In a moment of impulse, I thought "I must recover my losses," and as a result, my operations fell apart, leaving me with nothing but my underwear. I'm not a saint either, and I have my moments of losing my cool, but I understand one thing - the market is not a dog you can command.

"I think it will rise" so it rises? "I judge this is a trap" so it must be a false breakout? If you're wrong, you should walk away, not stubbornly hold on.

In the trading industry, there are essentially three questions: Can you endure? Can you admit that you can be wrong? Can you strictly follow the rules?

To put it bluntly, many people either don't understand how to trade or are simply unwilling to admit their mistakes, compounded by greed. Stop using "faith" as an excuse.