Reaching a certain age and witnessing several cycles of bull and bear markets, you will understand what "cost" truly means. Losing your position means no one can afford to compensate for it. Even those financial giants cannot escape this rule.

After experiencing the baptism of the market, I have summarized a trading framework. These are not profound theories but experiences gained through real money.

**On Entry and Exit Logic**

First, learn to follow the least resistance level. Buy when the market is strong, sell when it weakens—this sounds simple, but most people can't do it. Avoid frequent trading; only act when the trend is clear. The trading direction must align with the overall market rhythm: go long in a bull market, go short in a bear market. Following the trend is always the first rule.

**On Timing**

Trading rhythm must coordinate with key variables like price and time. In other words, not all actions are worth taking, and not every moment is suitable for action. Learning to wait is crucial—wait until the market trend confirms your judgment before acting decisively. This combination of restraint and explosion is a hallmark of a master.

**On Position Management**

Profitable positions should be preserved, losing positions should be closed promptly. This principle has no exceptions. Be a leader in trading—choose the strongest asset for long positions, the weakest for short positions. Never add to losing positions to average down—that's a quick path to the abyss. Cutting losses in time is not admitting defeat but protecting your capital.

**On Understanding Price**

Don’t be fooled by the highs and lows of price. When prices seem high, a strong trend may still be ongoing; selling at this point means missing out. When prices seem low, the decline may not be over; buying now means taking the risk. Market trends are always the most genuine signals—respect them, don’t fight against them.

**On Profit Characteristics**

The most profitable trades often have a feature: they show unrealized gains on the books from the start. This is not a coincidence but indicates you entered at the right position. There is no foolproof trading rule; this industry has no absolutes, only probabilities. Controlling emotions is key to success—greed, fear, and luck often lurk in speculators’ minds, waiting for opportunities. Only by staying calm and rational can you navigate market fluctuations steadily.

**On Volume Signals**

In the later stages of trading, changes in volume are especially important. When volume suddenly surges, it often signals an imminent real price distribution. This is an important window into understanding market pulse.

None of these principles are nonsense; each has been repeatedly validated through practical experience. Adhering to them may not make you rich overnight, but it will help you survive longer and earn more steadily.