Last year, a friend of mine lost his 100,000 US dollars principal and ended up with only 5,000 US dollars. During that time, seeing his state, I finally understood what "being ruthlessly harvested by the market" means—an experience probably shared by 90% of those who lose money.

His trading approach at that time was basically a suicidal gamble: placing dozens of orders every day, with transaction fees eating up more than his losses; stubbornly holding on with the illusion that "a bear market will turn into a bull market," only to see not a rebound but his principal wiped out; going all-in on the hype of 100x copycat coins after hearing others boast about their gains, only to wake up and find his account unrecognizable.

At 3 a.m., his ashtray was full. He stared at the K-line chart from dawn till dawn, finally slumping in his chair and asking himself, "Did I get slaughtered like a pig?"

When he came to me with the remaining 5,000 US dollars, I immediately threw a harsh truth at him: "Want to turn things around? Then learn to aim precisely, don’t just spray with an automatic rifle." I set him three strict rules. He followed them for two months, and his account really started to recover.

**Rule 1: Only trade high-probability markets, don’t become a slave to K-line patterns**

Drop those 1-minute fragmented charts, only look at 4-hour and higher timeframes for major breakouts. "Better to miss ten opportunities than to make one wrong trade"—this must be ingrained in your mind. Trade no