King of soybean meal Wu Hongtao.
Actual trading is not simple, but it is not easy. It requires continuous experience. It's like I've been in this industry for thirty years, and the first decade was basically in a loss-making state.
In the past ten years, I have hardly made any money, and I have even lost a lot. I used my savings and monthly salary to trade futures, but I was basically losing money all the time. From '4 to '08, my trading was basically in a loss-making state, and it wasn't until '08 that I started to make a steady profit.
In the past eight years, I have seen some pullback points every year, but I have also experienced a lot of difficulties. From '08 to '9, my trading experienced ups and downs.
In these eleven years, I have earned more than ten times, twenty times, and the highest is close to thirty times. But there have also been two large drawdowns in the account, once in one or two years and one in four years, losing 95% and 94% respectively.
I started in one or two years, achieved a small goal in one or three, four years, five years, and five years, and got my principal back in one or six years, and then made some more money. But in nine years, my earnings were not ideal.
I mainly make money in these eleven years, of which one and three years and four years are the main profitable years, followed by five years and one six years, and finally nine years. These years are usually separated by a year or two or two.
During this time, I mainly worked on those markets that I could see clearly.
Since the beginning of the pandemic in 20 years, the market environment has become more complicated and my trading has become more cautious. In the past three years, my earnings have been positive and negative, but not as big as in the previous decade. This year is a big market, but in the first half of the year I only gained 30%, most of which came from soybean meal and PTA.