"The Nature of Trading"

In the way of trading, those who are strong are easy to break. Only by being extremely yin and soft can you control the world. The weakest people in the world are nothing like water, but the best is like water.

Success equals small losses, plus large and small profits, accumulated many times.

It is very simple to avoid big losses. Take survival as the first principle. When there is a danger that hinders this principle, abandon all other principles. Because no matter how many 100% outstanding results you have had in the past, as long as you lose one 100% now, you will have nothing.

The way of trading is to defend an invincible position and attack a winnable enemy. A loss of 50% of 1 million becomes 500,000. To increase the value of 500,000 to 1 million, a profit of 100% is required. Every success will only make you take a small step. But every time you fail, it will take you a big step backward.