Brothers, trading is a long journey. Don’t always think about taking shortcuts through luck, and never let a single mistake make you lose everything.

The key is to move forward steadily and ultimately reach your goal.

Don’t try to save a sinking boat when the debt can’t be salvaged. If the boat is already sinking, there’s nothing left to save—just cut your losses.

Money in the crypto space is a proud thing. It can see right through your deepest weaknesses and will test you over and over again, taking on forms that tempt or scare you.

These tests are not just about the knowledge you’ve accumulated, but also about your inherent character.

Only by overcoming these layers of tests will money recognize you as its master. Those who fail will end up being controlled by it, losing both their principal and any gains.

Within the trading framework, technique should serve strategy, strategy should serve tactics, and tactics should ultimately serve your beliefs and values.

When it comes to trading success or failure, technique plays only a small role, strategy doesn’t have much impact either. The final outcome depends much more on whether your tactics are correct and whether your core beliefs are stable enough.

But most people focus only on technical indicators, change strategies every few days, and never think about long-term tactics—let alone understand or stick to their own beliefs.

If we want stability, we should track and study vertically instead of joining the horizontal crowd. Looking horizontally, you’ll see “experts” and bull markets every day; but if you look vertically, the world is just a makeshift troupe and the market is full of uncertainty. The real difference is that some people can control themselves: they earn more when the market’s good, lose less when it’s not, and stay out when they’re unsure. That’s what a true trader should look like.

Ding Yuanying’s trading insights are still applicable today:

Trading doesn’t create wealth; it’s high cognition harvesting low cognition. Its essence is the redistribution of wealth.

Judge the macro trend and the direction supported by news, and learn to enter when the market is just starting to move—

that is, buy when no one is paying attention;

and decisively exit when everyone is rushing in,

that is, sell when the crowd is at its peak,

and what happens afterward has nothing to do with you.

Let’s encourage each other!