If your principal is only a few ten thousand yuan, can you earn hundreds of thousands or millions?

The answer is yes, if you add a time factor, 3-5 years (this is just trading time), the initial磨炼 (training) takes 5-8 years!
Apart from technology, which is a skill that can be learned through self-study and is widely accessible, the most important thing is trading mindset.
This mindset needs to be cultivated and悟道 (understood) by oneself, and it requires continuous trading to gain insight!
I can teach, but I require that you must keep trading, summarizing, experiencing, and elevating it into your own understanding.
You must go through the process. But do not gamble, do not guess!!!
I believe that as long as you understand the trading mindset, your principal is not an issue; even with 10k yuan, you can earn a wealth that you recognize.
1. Whether you can succeed does not depend on how much capital you have, but on your skills and level of cognition.
Without prior accumulation and understanding, it’s impossible to improve your skills and cognition.
2. The root of losses is jumping into trades impulsively, entering positions, and going all-in, rather than planning, analyzing, and confirming.
I also make mistakes and sometimes trade based on mood, so I set a bottom line for myself: as long as my emotions fluctuate—whether I see a美女 (beauty), drink alcohol, or get overly excited—I cannot trade.
Even with small funds, I shouldn’t get itchy to enter the market.
3. Handle your current trades well before starting the next one, so I only focus on major trends, and the number of positions I hold at once doesn’t exceed three.
4. With small capital, avoid frequent operations; once a week is enough, or just aim for 5-10 points profit each time.
Spot trading is fine, but if you’re trading futures, frequent operations just give the exchange transaction fees, which erodes your profits.
5. Look for certainty in opportunities, not just buying early and selling low.
Waiting for certainty means waiting until you feel confident to enter.
The market is not short of opportunities; what’s lacking is patience.
Our biggest mistake is guessing where the top and bottom are, then going all-in when reached.
Market movements are uncertain; even if you predict the bottom, a financial crisis could still cause a decline, so you shouldn’t enter!
Entering then is like accepting a flying knife.
This requires ability, skills, and cognition.
Better to miss out than to make mistakes.
6. In a bull market, only trade spot in an upward trend; only short in a downward trend in futures.
Bull markets rise rapidly, bear markets fall even faster!
7. Follow the trend.
First, be able to judge the trend, and also distinguish between different cycles and levels.
A 1-minute bull market, a monthly bear market.
8. Cut losses early.
Every loss is laying the groundwork for your future goals, but you must learn from it and improve your trading.
Losses should be within your capacity to bear.
9. Your格局 (broad perspective) determines how far you can go; cultivating your心态 (mindset) is more important than technical skills.
BTB’s first lesson on research emphasizes mindset and character, as Buffett also says.
If someone can abandon their bottom line for money, they will become greedy for more profits, and fear will prevent them from entering.
Without principles, integrity, and bottom lines, a career cannot last long.
Think about it: would you rather be friends or invest with someone who is diligent, improves their character, and has principles, or with someone morally corrupt who spends their days drinking, eating, gambling, and whoring?
10. The market is always right.
Don’t complain about the market; reflect inwardly!
Only then can you improve.
Blaming heaven, earth, or gravity won’t make you a master of the universe.
11. Never add positions when you’re losing and the trend is against you; don’t add to floating losses.
12. Never be arrogant.
In a downturn, be patient and resist the urge to act rashly.
In a booming market, always act like a fool.
It’s not that you’re awesome; the market gives you opportunities.
In spot trading, if the market doesn’t rise, no matter how talented you are, you won’t make money.
Unless you open a short position in futures, but that carries high risk, and you could lose more than you gain.
Ordinary people find it hard to succeed.
Mao Jy also said you must have three qualities:
Patience, acceptance of failure, and embracing difficulties.
Trading requires patience; impatience violates the trading system, leading to losses.
Accept failure, learn from it, and improve to avoid repeating mistakes.
Everyone makes mistakes; nobody is perfect.
When facing difficulties, accept them, overcome them, and improve.
This applies during learning and trading.
Every time you overcome a difficulty, it’s an improvement.
I didn’t understand this at first either.
For me, it was a difficulty—initially, I didn’t know how to trade on DEX.
I used Uniswap, had to input contract addresses, and didn’t know how to find them.
I learned, and eventually figured it out.
Then I couldn’t find on-chain data, which was another difficulty, but I overcame it.
Finally, I learned on-chain tracking—how I used it.
When BlackRock sold off, I immediately monitored on-chain data to verify.
Whether the news was true or false, I could confirm it instantly.
All these are results of overcoming difficulties.