A few simple sentences summarizing trading secrets:

1. The future market is uncertain and unpredictable.

2. The market is either trending or ranging; choose one as your trading philosophy and then develop a trading system to execute consistently over the long term. Of course, trend-following strategies are easier to profit from in the long run, but they are also relatively more difficult because most of the market is characterized by ranging conditions.

3. Only trade the market that belongs to you; out of thousands of waters, take only a ladle. You can't switch to a trend trading system when a trend comes and to a mean-reversion system when a range comes. Why? Please refer to point 1.

The core logic of trading profits is how to lose less when losing and how to earn more when winning, and to achieve this, you must trade with a light position, follow the trend, cut losses short, and let profits run.

The main reason for most losses is a flawed trading logic, such as trading with heavy positions, not setting stop losses, holding onto losses, and running at the first sign of profit.

Novices believe that no matter what logic you use, a profitable trade is correct, and a losing trade is wrong. They don't care about the underlying trading logic, believing that any cat that can catch mice is a good cat.

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In fact, trading experts care more about the trading logic. If the logic is correct, even a losing trade is right, and profits will come back eventually. If the logic is wrong, even a profitable trade is wrong, and any money made is just luck, which will eventually have to be paid back to the market with interest based on skill.

In reality, most successful traders follow very simple trading philosophies.

No matter what trading techniques these successful traders use, at their core, they all adhere to some basic universal principles of successful trading. These principles can ensure your long-term invulnerability in the market.Traders who are consistently successful are no strangers to these universal principles, which set them apart from the many losers.

Successful traders do not rely on some mysterious technical indicator or a secret trading formula to make profits. Their success is not determined by which market they choose, nor by the timing of their trades, nor by the specific trading instruments they select; none of these are the keys to their success.

Their success stems from adhering to the universal principles of successful trading, principles that are unknown to those who fail in trading.

If you aspire to be a consistently profitable trader, you must learn, understand, and practice every universal principle that winning traders adhere to.

For instance, always have a stop loss when entering a trade, track the trend, do not trade against the trend, do not add to a losing position, and do not stubbornly hold onto a losing trade. It is crucial to firmly cut losses short and let profits run. Many people do not set stop losses, and if you ignore these universal principles, you are destined to fail in trading.

All traders will experience a series of consecutive stop losses in their trading journey, without exception. Everyone, regardless of whether it's stocks, futures, or forex, will suffer losses to varying degrees. Even winning traders have experienced losses in many trades; there is no 100% accurate trading in the world.

The trading field is an industry with a relatively low barrier to entry. No matter what your background or education is, as long as you open an account and bring your capital, you can compete in this market. However, the trading industry is also the most difficult industry, where only 10% or even far less than 10% of traders can maintain long-term profitability.

For most traders, profitability is fleeting, whereas in other industries, even if you don't make it to the top 10%, you can still make a decent living. But in the trading field, if you can't reach the top of the pyramid, it's hard to survive, and you may even end up in debt.

Time is like casting a net; where you cast it is where your achievements will be. If you have only been trading for a few years, or are even an amateur, how can you compete with us, professional traders who have been fighting in the market for over a decade?

However, because the market needs stories of quick success and wealth to attract more people into the trading field, and because the market needs a continuous supply of newcomers, there will be various marketing and noise that confuses and distracts us. This causes every new trader to constantly lose their way, thinking that trading is a simple matter. Most people enter this industry to make quick money, but they end up losing money quickly instead.Share some insights about trading that I knew before you did. There are many things, many principles, that can be understood and grasped after a long time in trading. However, in society, it's a competition of who understands first; understanding something early versus late can lead to different destinies.