All true sages who have truly attained enlightenment will actively discard three fatal weaknesses: going to extremes, going for extravagance, and going for arrogance. This is the core of this chapter, and also the self-discipline code for traders.

Going to extremes means eliminating all extreme behavior.
Banish extreme overconcentration, extreme aggressiveness, extreme greed, and extreme fear. There must always be room in trading, always control your position size, and always know when to stop with proper limits. Don’t go to extremes, or you won’t be destroyed by extreme market moves.

Going for extravagance means eliminating all unrealistic wishes.
Give up the dream of getting rich overnight, abandon perfect trades, stop chasing every last bit of profit, and stop trying to predict tops and bottoms precisely. Don’t covet gains that aren’t yours, don’t entertain unreasonable thoughts—only earn money within the system and within its rules. Steady and lasting is the right path.

Going for arrogance is to eliminate all arrogance and self-importance.
Let go of self-righteousness, let go of the arrogance of “beating the market,” and let go of the impulsiveness of trading based on instinct. Always respect the market, and always place rules and patterns above your personal emotions.

Going to extremes, going for extravagance, and going for arrogance—at their essence, it means: not being extreme, not indulging delusions, and not being arrogant. Keep to moderation, keep to reverence, and keep to the rules. #ETH站稳1900美元 You can’t imagine the crash$ETH ‌