Recently organized a mental journey of long-term trading, from initial fantasies, mid-term cognitive awakening, to later practical accumulation. The overall structure is actually very clear. Today, I will outline the core content, which may serve as a reference for your trading path.

**Those Heartbreaking Truths**

The most expensive phrase in trading is "This time is different." Whether in a bull or bear market, people always love to craft new stories to package old emotions. History repeats itself countless times; there’s nothing new under the sun—only the narrative framework changes, human nature has never changed.

What truly matters is not how much information you have, but knowing where your ignorance boundaries lie. Knowing what you don’t understand is the best defense. My experience is: the more streamlined your positions, the steadier your mindset.

**The Most Counterintuitive Trading Logic**

"Doing nothing" is often the best choice. It sounds paradoxical, but data speaks—reducing trading frequency actually increases overall returns. Frequent entries and exits eat up fees, disrupt decision rhythm, and easily cause missed big opportunities. Sometimes, turning off market apps and focusing on life is the best investment in yourself.

Your relationship with price fluctuations determines the success or failure of your trades. Treating volatility as an enemy makes you a Type A trader (driven by emotions); viewing volatility as an opportunity makes you a Type B trader—using spare money, having a plan, and trusting fundamentals.

**Actionable Methodology**

Create a trading checklist covering these dimensions: industry prospects, project moat, valuation percentile, team reliability, position limits, and exit conditions when buy logic fails. It sounds tedious, but it helps you avoid impulsive chasing, emotional cutting losses, and overtrading.

Trading is essentially a process of understanding yourself. You will gradually discover: how high your risk tolerance is, how genuine your confidence is, what your fear index is during losses—these will mercilessly influence your decisions.

**Endgame Cognition**

The secret to trading success is not in the market, but in life. Those who achieve long-term profitability often have stable main income streams and never rely on trading to turn their fortunes around. They invest time in cognitive upgrades and outside-the-market earning abilities, managing their careers and networks with an investment mindset.

In summary, this mental approach emphasizes: rational self-awareness, patient position management, and a balanced life rhythm. It’s not just about trading skills, but a long-term, steady wealth mindset.