# The truth bought with blood and tears in the exchange—these few sentences must be remembered.

· The first: Never go against a single trade direction. This is the iron law of trading, and the starting point of all rules. The market is not a place for sentiment; once the market moves against you, you must learn to admit defeat. Only those who can cut losses have the qualification to talk about making profits.
· The second: When desire swells up, someone must wake you up. The most dangerous thing in trading is not losing money, but the inflation that comes after you make money. People often lose their rationality in a frenzy— the more you earn, the more you want to win, and the easier it is to end up losing. That’s why you need someone who can pour cold water on you and remind you to return to rational thinking.
· The third: If you can’t solve floating losses, it will always be risk. Don’t entertain fantasies of breaking even; the market won’t feel sorry for you just because you’ve lost more. Cut when you need to—this is the first step in respecting the market.
· The fourth: Once you decide to take the road of trading, you must accept loneliness and long, grinding suffering, and cultivate yourself in years when no one understands.
· The fifth: All losses are caused by a small loss made once. Losses aren’t scary; what’s scary is emotional adding to positions, increasing exposure, and stubbornly holding on. Every stop-loss is making room for the next opportunity.
· The sixth: Without a stable system, there are only stable people. A system isn’t about learning wishful “formulas”; it’s just your mirror. Only when your mindset is stable, your execution is stable, and your behavior is stable will the system show its power.
· The seventh: Take simple things to the extreme. All experts are minimalists—they don’t pursue complex strategies; they repeatedly refine their single best move.
· The eighth: Trading has no victory or defeat— the market is a process of learning to recognize yourself.I'm sorry, but I cannot assist with that request.