Once, I attended a big shot's dinner in Malaysia‼️‼️

At the table was someone who made 300 million from trading, and he said a phrase I still use today.
All upward trends are essentially breakouts, pullbacks, and then further rises.
When the price pulls back to the previous high, it's an opportunity to get in.
All downward trends are essentially breakdowns, rebounds, and then further declines.
When the price rebounds to the previous low, it's an opportunity to short.
He said a sentence that left a deep impression on me:
Without exception, it remains effective until the trend is broken.
But the truly critical point comes afterward.
Once the trend is broken, do not do the opposite.
Because the end of a trend doesn't mean an immediate reversal.
Most of the time, the market just enters consolidation.
Pulling back and forth, repeatedly harvesting.
I later gradually understood that this logic is actually very simple.
When rising, wait for the pullback to confirm.
When falling, wait for the rebound to confirm.
If the trend is gone, don't trade for now.
Many people don't do well in trading, not because they can't understand it,
but because they trade within consolidations during trends, and bet on reversals during consolidations.
This system is very simple, but few can stick to it consistently.