If your principal is only a few tens of thousands of 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! Besides technology, which is a widely accessible and self-learnable skill, the most important thing is trading mindset.

This kind of 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 enough wealth to satisfy yourself.
1. Whether you can succeed does not depend on how much capital you have, but on your skills and cognitive level.
Without prior accumulation and understanding, it is impossible to improve skills and cognition.
2. The root of losses is jumping into trades impulsively when you remember, entering positions, and going all-in, rather than planning, analyzing, and confirming before acting.
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 capital, I cannot be tempted to enter the market.
3. Handle your current trades well before starting the next one.
So I only trade Bitcoin and small positions in a few selected assets, no more than three at the same time.
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 are trading futures, frequent operations are just paying transaction fees to the exchange, and profits are eroded through frequent trading.
5. Look for certainty. It’s not about buying early or 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 or bottom is and going all-in when it hits.
Market movements are uncertain; even if you predict the bottom, a financial crisis can 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 assets in an upward trend; in a bear market, only short in a downward trend.
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 also be within your acceptable range.
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 investment research emphasizes mindset and character, as Buffett also says.
If someone can abandon their bottom line for money, then trading will make them greedy for more profits, and fear will prevent them from entering.
Without principles, integrity, and a bottom line, a career cannot last long.
Think about it: would you rather be friends or invest with someone who is diligent and morally upright, or with someone corrupt who indulges in drinking, gambling, and vice every day?
10. The market is always right.
Don’t complain about the market; reflect inwardly!
Only by doing so can you improve.
Blaming heaven, earth, or gravity won’t make you a master of the universe.
11. Never add positions when you are losing and the trend is against you; do not add to floating losses.
12. Never be arrogant.
In a downturn, be patient and resist the urge to act rashly.
In a booming market, be humble and don’t think you’re a genius.
It’s not that you are so awesome; the market is giving 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 and learn from it to improve and 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 got it.
Then I struggled with on-chain data, which was also difficult, but I overcame it.
Finally, I learned on-chain tracking—how I used it.
When BlackRock sold off, I immediately monitored the chain to verify.
Whether the news was true or false, I could confirm it instantly.
All of this was the result of overcoming difficulties.