
The way of trading is that the strong can easily break. Only the extremely soft and supple can traverse the world. Among all the soft and weak things in the world, none is like water, yet the highest goodness is like water. Success equals small losses, plus various profits, accumulated over time. It is simple to avoid large losses, with survival as the first principle. When there is a danger that hinders this principle, abandon all other principles. Because, no matter how much you have earned in the past, if you now lose 100%, you will have nothing left. The way of trading is to guard the undefeated ground and attack the enemy that can be won. A loss of 50% on 1 million becomes 500,000, but increasing 500,000 to 1 million requires a profit of 100%.
The way of trading is that the strong can easily break. Only the extremely soft and supple can traverse the world. Among all the soft and weak things in the world, none is like water, yet the highest goodness is like water. Success equals small losses, plus various profits, accumulated over time. It is simple to avoid large losses, with survival as the first principle. When there is a danger that hinders this principle, abandon all other principles. Because, no matter how much you have earned in the past, if you now lose 100%, you will have nothing left. The way of trading is to guard the undefeated ground and attack the enemy that can be won. A loss of 50% on 1 million becomes 500,000, but increasing 500,000 to 1 million requires a profit of 100%.