Recently, I reread the phrase "Riches are gained in danger," and only then did I realize that my previous understanding was too one-sided.

Many people only remember the first half of the phrase but ignore the warning in the latter part. The full meaning is: Desire arises from the heart, greed then grows at the edge of the mind. Pursuing wealth involves risk, but it’s also easy to lose everything in those risks. When seeking, only one in ten succeeds; when losing, nine out of ten will suffer a loss.

This hits especially close to home in trading. I’ve seen too many people be blinded by "Riches are gained in danger," going all-in with full positions, only to lose everything in a black swan event. They only see the gains others make in a bull market but overlook the importance of risk management.

Honestly, the logic of "Riches are gained in danger" is actually the opposite in trading. Those who truly make money are often not the ones taking the biggest risks, but those who control risk the best. Every trade should ask yourself: How much can I afford to lose? Where is my stop-loss point? Is my position size reasonable?

There’s also a saying: "When you gaze into the abyss, the abyss also gazes into you." The market is like an abyss; the more you try to conquer it, the more likely it is to swallow you. Whether it’s algorithmic trading or manual operations, the most important thing is to respect the market and respect the risks.

So rather than blindly pursuing the thrill of "Riches are gained in danger," it’s better to first solidify your risk control. That’s the way to survive long-term in the market.