"尊重价格走势，永远不要与行情对抗。"

The core idea here is about going with the flow of the market rather than trying to resist it. It's a way of saying, "pay attention to what's actually happening and don't let your own biases get in the way." When market trends are clear, respect them. Don't invest based on what you think should happen; instead, recognize what is happening.

Historically, this advice comes from seasoned traders in financial markets. It’s a piece of wisdom that’s been around for ages. The idea is rooted in the experiences of countless traders who’ve lost fortunes by betting against market trends. When Charles Dow, one of the fathers of technical analysis, talked about the importance of trends back in the early 20th century, he was laying the groundwork for this kind of thinking. It's about learning from the market rather than trying to outsmart it.

Let's talk about a real-life example to bring this home. Imagine the dot-com bubble in the late 1990s. People were throwing money at tech stocks left and right. As prices soared, many seasoned traders were cautious, sensing a bubble, but the prices kept climbing. Some investors tried to short the market, betting on a crash. They were fighting the tape. For a while, it looked like a losing battle as prices continued to rise. Eventually, the bubble burst, but those who had fought the tape too early lost a lot before the market corrected itself. Respecting the price action would have meant waiting for clearer signs before making such bold moves.

So, how do you apply this in your own life or trading? First, it’s about observation. Spend time watching the market trends without jumping to conclusions. Take notes. What’s the market telling you? If a stock is in an upward trend, don’t short it just because you think it’s overpriced. Instead, look for other signals that might indicate a reversal before you act. It's about patience and humility—acknowledging that the market might know something you don't.

Here's a relatable scenario: think about swimming in the ocean. If the current is pulling you in one direction, fighting it directly will exhaust you. Instead, experienced swimmers know to swim parallel to the shore to gradually work out of the current. It’s the same with trading. Work with the trend, not against it.

Imagine you’re in a room with a group of friends watching a sports game. Everyone is cheering for one team, and you think the other team is better. Even if you’re right, it’s hard to enjoy the game when you’re constantly arguing against the crowd. Sometimes, it’s better to just go with the flow of the room—respect their enthusiasm—and pick your moment to make your case.

In essence, respecting the price action and never fighting the tape is about humility, patience, and observation. Recognize the trends, understand the flow, and align your strategies accordingly. It's a lesson that goes beyond trading and can apply to various aspects of life where fighting the obvious trends can lead to unnecessary struggle. So next time you’re faced with a clear trend, whether in the market or in life, remember: don’t fight the tape.