Core Insights - The ultimate realm of trading is simplicity, as demonstrated by Zhou Chengji over 25 years of experience in the futures market [1] - Zhou emphasizes that the essence of trading lies in merging with the market rather than relying solely on technical skills [4] Trading Career - Zhou began trading in 2001, experiencing a cycle of earning, losing, and working to rebuild capital for 13 years [3] - A turning point occurred in 2014 when he turned a 10,000 yuan investment in silver into 30,000 yuan within a month, leading to a "stair-step profit" strategy [3] - From 2014 to 2019, he focused on short-term trading, and post-2020, he shifted to swing trading, achieving a state of alignment with market movements [3] Core Philosophy - Zhou believes that understanding one's own personality and the market's rhythm is crucial for successful trading [4] - He identifies human emotions, such as greed and fear, as the biggest enemies in trading [4] Trading System - Zhou's trading system is based on wave theory, which he considers a foundational tool rather than a secret technique [5] - He aims to capture the most profitable segments of market waves, using leverage and sound money management to achieve significant profits [5] - For example, he predicted that gold would rise from $3,350 to $4,300 per ounce in 2025, ultimately reaching $4,390 [5] Entry and Risk Management - Zhou advocates for entering trades during pullbacks at support levels, with strict stop-loss measures in place [6] - He employs a multi-account diversification strategy, allocating 20%-30% of capital to each account to mitigate risk [6] Macro and Technical Analysis - Zhou views macroeconomic factors as tools to enhance trading rather than as primary decision-making criteria [7] - He emphasizes trusting technical signals over macro news when they diverge, using macro data as an accelerator only during significant market movements [7] Insights and Mindset - Zhou's ultimate realization is to discard the complexity of indicators and focus on cognitive understanding and market perspective [8] - He encourages traders to reflect on their goals and capacity to manage wealth responsibly [8] - His journey from losing trades to becoming a champion in a global competition illustrates that successful trading relies on long-term skill development and a strong mindset [8]