空军一号（Air force one）

Difficult! Difficult! Difficult! Mentally exhausted, emotionally drained. Trading is still hard... All the various pains and struggles can only be borne by oneself; others cannot understand you, nor can they comfort you. In fact, I've always understood that once you step onto the path of cryptocurrency, you and others are actually from two different worlds. Your joys and sorrows do not resonate with others, and those you care about do not care about you, while what others care about does not concern you. When you think about it carefully, there is no such thing as stable profit; it's more about turning dangers into safety time and again. They say traders are all lonely, and after being in this market for a while, you realize that loneliness is a necessary path to great achievement. If you want to gain insight, you must calm your mind and enjoy solitude; you must learn to endure in order to surpass others.

I've been looking at quotes from "A Moment of Flow" recently, and I've still gained something from it. Although I'm dealing with stocks, the principles of trading are all interconnected. I suggest that everyone involved in trading take a good look, learn, and apply it for themselves.

Everyone has a Mount Everest in their heart, and everyone wants to become a big player in the capital market. It was because I came across this segment from the Light God a few months ago that I made up my mind to challenge the Mount Everest in my heart. I can feel that my trading skills have become more stable after January, my mindset is calmer, and the fluctuations in unrealized losses are smaller.

Keep a light position and survive; that's the way to go. A light position also allows for much more relaxed trading. Anything is possible in the market; nothing is absolute. There's no need to go all in on one coin and block all your escape routes.

A picture to understand Bitcoin in my eyes. Looking at the Bitcoin trend from the three-month line (one bar on the three-month line represents three months). As we all know, Bitcoin halves every four years, leading to a four-year cycle of bull and bear markets. The white line in the chart represents Bitcoin's true value at this time. During the bull market, Bitcoin's premium exceeds its true value above the white line for two years, while during the bear market, Bitcoin operates below the white line for two years. It's quite clear: two years above the white line, two years below the white line. The price of Bitcoin spirals upward around the white line, just like galaxies have their own orbits. Now at 66,000, it is already below the white line, indicating that the current Bitcoin price is lower than its true value. In my view, this suggests that we are now in a low-price accumulation phase for long-term investment. The four-year cycle consists of two years of bull and two years of bear; staying above the white line for two years and below for two years. If the forecast is correct, by the end of 2027, Bitcoin's price will be firmly suppressed below the white line and unable to break through. By 2028, it will inevitably return above the white line. In the long run, Bitcoin's intrinsic true value is that white line. The white line is certainly not a straight line, but a curve that flattens with each halving. Previously, in a four-year cycle, it could rise hundreds or thousands of times, but later it was only dozens of times, and the last cycle only rose three times. The wealth creation effect is continuously weakening. In the next cycle, I estimate it will be difficult to even double; the peak of this cycle was 120,000, and I feel that reaching 200,000 in the next bull market is already the limit. Now at 66,000, I feel that reaching 150,000 in the next cycle is not a problem. This means that at 66,000, the next bull market will likely occur between the end of 2028 and the beginning of 2029, and it should reach 150,000, a 2.5 times increase within three years. The above is my personal insight. In the last bull market, I predicted early in the Air Force One group that Bitcoin would break through the white line at the eighth three-month line below the white line and stay above the white line for eight three-month lines before breaking down below the white line. The result was exactly as I said.

Still waters run deep; my nature is self-sufficient.

As long as the direction of profit is upward, what does it matter if the speed is a bit slow! Time is the most powerful weapon.

The recent state has been slow and laid-back, making a few points of profit over the week, and taking a break on the weekend without checking the market. Some trades seem to be like divine assistance to others. So, is this the best state for trading—like being under divine assistance? Let me discuss my understanding of this state, which should be a perfect combination of technique and mindset. On the technical side, as I have always emphasized, one good move can conquer all; having one bird in hand is better than a thousand in the forest. You need to have your core strategy and find the tools that suit you. On the technical level, you shouldn't be greedy or try to cover everything; human energy is very limited, and mastering one method is already quite challenging. It's impossible to have the energy to learn everything and want to excel in all. Many traders take the wrong path, thinking that learning more will definitely lead to improvement, believing that the more technical indicators they learn, the better. However, this is not necessarily the case. Sometimes, learning too much can lead to confusion. What use is it to have ten thousand techniques if you can't kill one person? The market doesn't even regard you; with your ten thousand inferior techniques, the market has a thousand ways to educate you. However, the market absolutely fears you if you can kill ten thousand people with one technique. Therefore, to achieve the state of being like divine assistance on the technical level, you need to focus on perfecting the one or two techniques you excel at and only use those. Now, from the perspective of mindset, what kind of mentality is ideal for trading? First of all, trading is very counter to human nature. What is the human nature of trading? Human nature likes to buy at the bottom and sell at the top. It likes to predict market trends. It hates losses and prefers to hold on stubbornly. Greed, impatience... In short, human nature leads you to make mistakes continuously. To go against human nature, you must cultivate your divine nature, which requires you to follow objective laws, go with the trend, restrain greed, and only earn money within your understanding. Do simple and repetitive tasks... Divine nature propels you forward. And to cultivate divine nature to the fullest, I believe the best trading state should be standing firm in the market, hands behind your back, forgetting all techniques (here, it emphasizes accepting all possible market movements and acknowledging that your one or two techniques may fail), breaking all forms with formlessness, transforming the tangible into the intangible, and realizing the true self without self. The so-called state of formlessness, intangibility, and selflessness, with a heart that remains unmoved, should adapt to the market's ever-changing dynamics.

Going through old materials in my email and seeing messages from years ago really brings back a lot of feelings. For more than two years, my inbox was filled with liquidation alerts and information about buying coins, along with credit card collection notices. For over two years, I have no idea how I got through it. The memories of these two years are filled with nothing but liquidations and borrowing money. Inside, it was either liquidation or on the way to liquidation, and outside, it was either borrowing money or on the way to borrowing money. Often, just when I borrowed money to recharge, within a couple of days, I would be liquidated again, and I would have to borrow money again. Countless sleepless nights after liquidations, scrolling through my WeChat contacts from top to bottom, asking everyone I could borrow from, whether I knew them or not, for hundreds at a time. I only knew I couldn't stop; if I stopped, I would truly have nothing left. I could only keep borrowing money to invest, my life had already been torn apart, either facing death or becoming a god, with no middle ground. A gambler has no dignity, just as some have described me, a bad gambler deserves to rot in the foulest gutter. It was precisely the trading experience from these two years that laid the foundation for Air Force One's standing in the crypto world. Over two years, watching the market for 15 hours a day, tens of thousands of trades, and hundreds of liquidations are all vivid in my memory. Some traders on OKEx learned Air Force One's methods, but before long, they all ended up liquidated. If you don't experience tens of thousands of trades and hundreds of liquidations, how can you learn? Thinking you can achieve mastery without going through extensive trading is simply wishful thinking. Tens of thousands of trades, hundreds of liquidations, every time I lost was all the money I could use, losing to the point of utter defeat, losing until there was nothing left to lose, losing until I was utterly despondent. Perhaps only those who have truly experienced such despair will develop a genuine respect for the market and will not constantly try to predict it. The so-called "heart dies, the path lives; desire extinguished, the path remains" might be this process. Trading is different from other industries; it requires introspection. Everyone's personality is different, and their methods of dealing with danger vary. Each person has their own path to walk, and one must find their own way. Simply learning from others is useless; you need to have your own core principles. Telling you that this place is dangerous is pointless; only by experiencing it personally, being deeply hurt, will you know not to go or to go less next time. Improving win rates is inherently a gradual process. The cost of becoming a trading expert far exceeds what most people can imagine; I am a living example. Its essence is a test of human nature and the limits of capital. The high tuition is reflected not only in repeated trial and error and massive losses but also requires time, mental effort, and even significant life choices as stakes. Most people give up halfway due to the inability to bear continuous setbacks, self-doubt, and feelings of loneliness. Only those with extreme belief and resilience can survive the repeated whips of the market. True transformation comes from "losing all mistakes"; experiencing continuous liquidations, missing opportunities, emotional breakdowns, and other dark moments allows one to deeply understand risk boundaries and cyclical patterns. This understanding cannot be conveyed through theory; it must be exchanged for real money and mental torment. The independence of top traders comes from a profound digestion of pain. They are often the loneliest group, stripping away consensus from groups, building their own rules, and under extreme discipline, converting probabilistic advantages into long-term compounding. The ultimate reward of this path is not financial freedom but the ability to transcend human nature. The market will ultimately favor those who are willing to wager their life density, reshaping their understanding in despair. I hope everyone can refine and transform through trading, reaching the peaks visible to only a few. I want to emphasize that most of what I share is about trading direction; the direction must be correct; otherwise, no amount of effort will be worthwhile.

Many people look down on using Martingale, believing that it will eventually lead to a margin call. However, I think that even with Martingale, different people will have vastly different judgment levels regarding entry and exit points. The issue is not with using Martingale, but with who is using it. Just like the nature of a game, it doesn't depend on what it is, but rather on what it means to you. If your win rate is only 30%, then this game is worse than gambling for you. But if your win rate is 90%, then the nature of this game will certainly be different for you.