He looks for setups that have a 3:1 reward-to-risk ratio, but he waits for confirmation. He doesn’t try to catch the falling knife. He waits for the handle. The Chinese character "Bao" (饱) means full, satiated, or complete. Sir Bao uses it as a verb. “The market is a buffet,” he says. “You do not need to eat every dish. You wait for the steak.” Right now, the market is choppy. Bitcoin is ranging, equities are faking breakouts, and the noise is deafening. Most retail traders are overtrading. They are grabbing at vegetables and bread rolls because they are bored.
But if you listen closely, Sir Bao 58 has three pieces of wisdom that will save your portfolio. When asked why he doesn't chase the hot momentum plays, Sir Bao chuckled. “58 is my age,” he said. “But it’s also my rule. I never risk more than I would be willing to lose at 58 years old.” sir bao 58
There is an old saying in the trading pits: “The market devours the young and rewards the old.” He looks for setups that have a 3:1