Trading, in the end, you'll find that

you only need to solve two problems:
Is there a market,
Can you control yourself.
Once these two problems are solved, you can make money trading.

The former is said to be solved,
but actually it's about searching and waiting.
Trading is not a game of effort,
in other words,
waiting is also part of effort.
Holding a position is also a choice.

Wait until the market comes,
then act.
Other times, stay in cash and wait.
This diverges from the path of working a job,
but is very similar to entrepreneurship.
Don't just say you're an employee, ask your company executives,
is most of their time idle,
or say, not doing serious work.

But when the opportunity comes, what should you do?
Work overtime frequently, hold frequent meetings,
be fully focused, go all in.
Trading is the same,
but if you're just an employee, it's hard to understand.
Because the fluctuations of risk and reward curves,
are smoothed out by upper management,
and what you get is a steady, risk-free return.

The second problem, controlling yourself.
Can be broken down into two points: one is desire,
which is your aggressiveness, if you should hold a heavy position, hold it,
if you should take action, take it.
Don't be timid.
The other is caution, which is risk management.

Risk management isn't about always having small positions,
diversifying a bunch of stocks.
It's about avoiding black swans.
Just this one point. Avoid black swans,
don't risk everything in one shot,
and never be able to turn things around,
that's enough.

As for losses,
they are part of trading,
normal.

The second type of problem, for the wealthy,
they only need to control risk well.
Because they have so much money,
earning more won't cause much fluctuation.

But for retail investors, both are very hard to control.
When you should attack, you're afraid, so you buy junk altcoins.
When you should manage risk, you greedily chase highs at the top.

Many trading masters have already given you the answer,
follow the system.
Looking at all trading systems of masters,
they are all effective.
From decades ago,
they are still effective.
But why do some of them
end up quitting?

Because they violate their own trading system.
Isn't that funny? That's reality.
That's a casino.
That's an internal black swan.
Or, the gray rhinoceros of trading. $btc