The translation of the given HTML to English, keeping the same HTML format and not breaking lines, with standard decoding applied, is: “Fund management is not a ‘technique for protection’”
Many people are mistaken.
Capital management is not a technique to avoid losses.
It is a technique to survive.
What is truly frightening in trading is not the losses.
It is being eliminated.
Once you’re eliminated,
no matter how superior your method is, it loses meaning.
Before whether you can win,
can you stay in the market.
Capital management is,
a design to not discard future opportunities.
Although it seems you are protecting yourself,
you are actually being aggressive.
That is true capital management.
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