#Bullshit About Trading Theory

Chinese people have always been quite fond of dualism. For instance, in trading, if someone encounters a certain technical theory but ends up losing money, it must be an issue with the theory. If they study multiple theories and still lose money, it indicates that the technology is fundamentally useless, and it has nothing to do with themselves.

There is another interesting point of view that some theories emerged a long time ago and are therefore no longer useful today. For example, the Dow Theory, which is over 100 years old, has become outdated and cannot guide today's market. The same applies to Wyckoff, Gann, and Elliott Wave. Following this line of thinking, Newtonian mechanics would also be unable to guide today's physical movements, and calculus would not be able to guide today's mathematical operations, since they are all from the 17th century and have long been outdated.

Of course, this phenomenon is quite common; fundamentally, it treats trading as an outward seeking process rather than an inward one. It can illustrate one thing: such people are not suitable for trading.

In fact, trading techniques themselves have no correlation with profit and loss results. If there were a technique that could be learned easily and would guarantee profits, then the 80/20 rule in the market should not exist, and everyone would be making money easily. But is that really possible?

Trading techniques can give you a trading mindset, restrain your emotions and intuition, and assign order to a chaotic market. In the trading field, most people's intuition is wrong, burdened by greed, anger, ignorance, slowness, and doubt. You need a set of guidelines to constrain your intuition and cultivate the right intuition. This is the sole purpose of technique; there is no such thing as learning only the surface of a technique and magically becoming a master who earns continuously. Where in this world is such a good thing?

Trading is a zero-sum game; those who can achieve stable profits are the ones who have survived through near-death experiences. What shortcuts are there? If the heart doesn't die, there will never be an end.

A benevolent person acts like an archer: the archer corrects oneself before shooting; if the shot misses, they do not blame the one who wins, but instead reflect on oneself.

——Mencius