A friend entered the market two years ago with 100,000 yuan.

Watching the charts, reviewing the trades, countless times suppressing impulsiveness. Along the way, the account now sits at 1.5 million. The process was neither fast nor easy.

Seeing him reach this point, I increasingly believe one thing: there are plenty of market opportunities; what’s lacking are those who can truly withstand the pressure.

Over the years, I’ve summarized a few repeatedly validated experiences. They’re not overly complicated, but quite practical.

**When the rise is fast and the pullback is slow, don’t rush to run.** After a sudden surge, if the price consolidates or slowly declines, it’s often not the end but a shakeout of floating chips. The real end usually occurs after emotions have been completely ignited—that’s when the structure has been broken through.

**After a sharp decline, a weak rebound is best left alone.** A quick sell-off followed by a small rebound, giving some hope, then continuing to give hope—this kind of trend tests judgment the most. Many people don’t actually get wiped out by the decline itself but by those seemingly stable rebounds.

**At high levels, look at participation, not price.** High trading volume indicates ongoing competition; if the volume suddenly cools down, be alert. A quiet market often isn’t a good sign.

**The bottom isn’t built in a day.** A single day of high volume is more about testing waters; whether it can hold depends on whether subsequent accumulation can happen gradually in low volatility. The steadier the rhythm, the stronger the foundation.

**Price is the result; volume is the process.** When more people participate, the trend has a basis to move downward; if no one is willing to act, even the most beautiful pattern won’t go far.

The most difficult part is this—don’t obsess over every opportunity; if you can’t see through it, stop. Don’t hype up big returns; only profit within your ability to handle volatility. During extreme emotions, slow down your actions.

The market always filters people. Those who survive are usually not the fastest but the most steady.