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You must learn to not follow the obvious path, not rush into open doors, not farm the fertile land, and not rescue those who are dying!
I quite like the TV series "Tian Dao," and I recommend you watch it. It is a trilogy, the last part called "Red Dust in the Sky," and the core is exactly these four sentences. When trading, reaching a state of enlightenment, you must firmly adhere to this bottom line.
When I first saw these four sentences, I was very resistant. I thought, how can you say that? It’s inhumane, can you really just watch someone die without helping? Not farming the fertile land! Damn, have you lost your mind?
Only after slowly contemplating did I deeply understand their meaning.
Not following the obvious path—what is a path? It’s the profitable models, trends, big shots’ methodologies, the shortcuts recognized by the masses, the standard textbook answers that others have already paved. In trading, these are the methods to make money, such as shorting fake coins, accumulating large tokens, living in the palace while emptying your holdings, or withdrawing Ethereum to cash out. My experience tells me that success requires unique conditions (capital, resources, timing, cognition, background). I can teach you all the methods, but since our conditions differ, you need to understand the way yourself and find a trading system that suits you through continuous practice.
Not rushing into open doors—what is a door? It’s the track everyone sees and rushes into to make money, like AI, SpaceX, etc. When everyone floods in, the bonus period is long gone. For example, if someone calls a trade, entering late means just drinking the soup; you might get cut again. Money is always earned by the minority. You need to find the “door” that others can’t see but makes money.
Farming the fertile land—this is similar to not rushing into open doors. When the land looks all rich, the cake has probably been divided long ago. The best way to trade is to analyze independently, not to look at anyone’s analysis, not to be influenced, and not to know where the fertile land is because it’s right in your hands. Of course, you need to have this ability first; otherwise, you might think it’s fertile land, but it’s just an opportunity, and you’ll end up stepping on pitfalls everywhere.
Not rescuing those who refuse to save themselves—often we say, you can never wake up someone pretending to sleep. If I reach out to help you, but you refuse to reach out yourself, how can I save you? It only adds to your trouble. My advice for beginners and those with insufficient technical knowledge is not to do contracts. When you’re wiped out from losses, I can’t help you. When the trend turns downward and breaks support, even if it means taking losses, you must leave. If you make a wrong move, you must leave. Never rescue, never add to your position. Many coins have fallen 50-100 times from their peak; trying to rescue is equivalent to sending yourself to death, deep in a trap. We always subjectively think that after a big drop, there will be a rebound. But how much is a big drop? That’s the “not rescuing” in trading.
To succeed in trading, you must remember these four sentences: not following the obvious path, not rushing into open doors, not farming the fertile land, and not rescuing those who are dying. Each sentence goes against human nature but is the core principle of trading.
How many crypto friends have truly understood this?