May I ask all the cryptocurrency industry veterans who have already landed, what is the final level of trading? This is a soul interrogation of a group friend! When I first started trading in the cryptocurrency industry, I thought that the final level of trading was: knowing how the market will move at a glance, placing an order with a few clicks, and then lying down to make money. Now 8 years have passed, and there are countless awakenings along the way, thinking that I understand and that the transaction is nothing more than that. Then countless times I was slapped by the market, dozens of times I completely denied myself, I don't know how many times I had the idea of giving up, that helplessness and despair, that pain of not seeing hope. I believe that friends who have been on this path for some years must have experienced countless times of helplessness and despair. Now I don't know where I've reached. What I see now is: contentment brings happiness, limiting risks, seizing the cycle, and eating according to the weather. Just talk about the challenges you have overcome. At the beginning, I wanted to use some method or theory to completely classify market trends, know how the market will go next, and seize all opportunities. Unfortunately, I later discovered that this was a dead end because market trends are a combination of various factors and conditions, and I cannot be 100% certain whether the next hour will be up or down. So trading is not science or mathematics, and it is impossible to solve how the market will go next through any theory, whether the theory is based on science or mathematics. Otherwise, scientists and mathematicians, Newton would just focus on trading. So it's not feasible to know how the market is going and grasp all market trends through methods. 02. Use risk-taking to seize some advantageous opportunities. It cannot be denied that market participants, whether humans or machines, have a certain degree of similarity in their behavior because their motivation is to seek benefits and avoid harm. So this also gives some market trends a certain degree of certainty. I started looking at my delivery notes and found that some market trends do have a high probability of making money, and the profit loss ratio is also high! Can't I just do this kind of market trend in the future? I remember one time, I caught a wave of this market trend, with a stop loss of $3000 and a catch of $22000, which is about 8 times the profit and loss ratio. At that time, I thought I had realized and understood trading. In the future, I would only focus on this kind of market trend, eight times at a time. If I could capture it several times a year, what would Buffett be like? What was the result? I have been slapped by the market again. Some have doubled in price, tripled in profit and loss ratio, and then turned back, but still haven't gone beyond 8 times! But I have to wait 5 times or 6 times before I want to close the position. Some of them, when I enter the market, I turn back to stop loss. Some of them hit my stop loss and continued to rise. I started to make various efforts and attempts like all traders, striving for excellence in technology and constantly summarizing the K-line pattern, and the result was: no eggs were used. I took a 3-fold take profit, but the result was a 1-fold or 2-fold increase before turning back to stop loss. I watched helplessly as the profit turned into a loss. I put in 1 or 2 times the take profit, but many of them went up after taking profit. I placed a flat deposit, but my flat deposit increased again. I placed a move take profit, but my take profit also increased again. I am once again plunged into pain and despair because I have never broken this zero sum or even negative sum game! Because profit and loss are the same source! I can make a profit of 8 times in one transaction like this, but the losses from the other 7, 10, or 12 transactions combined will definitely result in the loss of these profits! I want to take three times the profit, and the other two, three, and four losses combined will also make the profit zero or negative! Many friends may think that you are not good at it, but I can use technical expertise to identify it! Control through position management to achieve positive returns! Unfortunately, all of these are in vain. The reason for achieving positive returns is not because of your actions, but only because of luck and market conditions. I am very unwilling to accept it. I had been trading for ten or eight years at that time. Could it be that I have been trading for so many years! Having invested their entire youth in debt, endured countless painful days, and ultimately had to rely on the weather to make ends meet? Eat by luck? I am not convinced and do not want to accept fate. I keep optimizing techniques and modes, but I am still very desperate and plan to give up trading because I have not changed the limitation of zero and the same source of profit and loss in the game. Taking 100 transactions as a sample: If the profit to loss ratio reaches 8:1, the winning rate will definitely be less than 12.5% If the profit to loss ratio reaches 3:1, the winning rate will definitely be less than 33.3% The profit to loss ratio is 1:1, and the winning rate is generally less than 50% Until one day, I realized that sometimes the success rate of trading can indeed be high, and the profit loss ratio can also be relatively large. 03. Trends The original trend can amplify the win rate, increase the profit loss ratio, and break the limitations of this zero sum game. At this point, I realized again that as long as I am in the trend, the returns can indeed be positive. So this is the final level of the transaction? Wait for the trend and trade according to the rules under the market conditions of probability and profit loss ratio supported by the trend? Unfortunately, it's not. Not long after, I was slapped by the market again. Because I am a person, I would like to enter the trend ahead of time in order to earn more. In the trend, if you want to make more profit, you can expand your position and grab a bigger one. I will trade in a market without trend, and I imagine this time will be different. Will consider this order absolutely correct in the trend and will not accept stop loss. Because I am in the trend but haven't made any money! And breaking the rules. Wait, wait, wait. The biggest problem in trading is the inherent problem of these traders. Otherwise, how could there be such a saying that the biggest enemy of trading is oneself? The problem with trading itself is easy to solve: find a trading method, trade when you have an advantage, use the profits from multiple trades to subtract losses, and still have profits, that's all about trading. The methods and how to identify advantages can be solved through several years of backtesting market trends. But problems outside of trading can only be solved by wisdom. How to explain the wisdom of contentment and happiness? let nature take its course? Accept and take responsibility? You are the only one for me in this multifarious world? This market is already a place where 99.9% of people lose money, and it is abnormal to make profits. However, there is a lack of enthusiasm and a desire for more. 20% in a year cannot be met, and insisting on 200% in a year is not determined by technology, systems, or market conditions. The number of opportunities, trends, profits, and stop losses in each year are not determined. The problems that human resources can solve are very limited. If you use a strong market, it will make things difficult for you; if you use a weak market, you will find contentment and happiness. Limit risks, eat according to the weather, play with cycles, make regular investments, be content with what you have, and love life.