How you earn will be how you lose back
I didn't quite understand this sentence before, until I continued to float and increase my position as before, broke through and chased the trend, and was taught a lesson by the counterfeit guillotine several times. I found out
At this stage, the method you rely on to make money is fundamentally the same as the one that led you to lose money in another period. The money you earn is from those who do not respect the cycles, and the money you lose is from those who are path-dependent.
Unfortunately, human habits are hard to change. You know that during this time you should be doing sideways trading, but you are used to following trends. You know it's a bear market, yet you still feel that going long is more comfortable.
We are always looking for certainty, but there is no certainty in this world. Those who boldly claim to bottom-fish for five or six years ultimately sell at the bottom, whether due to subjective or objective reasons.
Accepting that you cannot make money during certain periods is the beginning of making big money.
I didn't quite understand this sentence before, until I continued to float and increase my position as before, broke through and chased the trend, and was taught a lesson by the counterfeit guillotine several times. I found out
At this stage, the method you rely on to make money is fundamentally the same as the one that led you to lose money in another period. The money you earn is from those who do not respect the cycles, and the money you lose is from those who are path-dependent.
Unfortunately, human habits are hard to change. You know that during this time you should be doing sideways trading, but you are used to following trends. You know it's a bear market, yet you still feel that going long is more comfortable.
We are always looking for certainty, but there is no certainty in this world. Those who boldly claim to bottom-fish for five or six years ultimately sell at the bottom, whether due to subjective or objective reasons.
Accepting that you cannot make money during certain periods is the beginning of making big money.