Profit never lies in seizing a particular opportunity, but in precisely avoiding risks—the first rule of trading is to survive in the market.

What truly defeats traders is often not missing out on a certain trend, but suffering deep drawdowns due to greed for unrealized gains and failure to exit in time.

Winning once in trading is not difficult; the hard part is not losing all your accumulated gains during emotional breakdowns. No one can always be right, but experts never make fatal mistakes.

Stop-loss is not failure, but the most fundamental respect for the market—only those who know how to exit decisively deserve the chance to turn things around next time.

Controlling losses is the core skill traders most need to master; true experts never focus on ubiquitous opportunities, but on signs of an approaching storm.

Don’t covet all the profits, just avoid enough traps; when the market calms down again, those who have consistently stayed in the game will naturally be chosen by opportunity.