What are we talking about when we talk about investment discipline!

Today's brief:

Brother Shenfish mentioned Stoic philosophy today: "Risk management is paramount" corresponds to the dichotomy of control—focus on what you can control (process, discipline, emotion), and give up what you can't control (market, macro, others).

I think this is the underlying logic of investment discipline,

I always remind myself to always keep in mind:

Only bear the pain you can endure,

Only pursue the returns you won't lose control over.

Because emotions are the enemy, not allies!

My current response is to immediately stop (go for a walk, close trading software) when any of the following emotions arise:

1️⃣ Wanting to "win back"

2️⃣ Wanting to "overturn opponents in one go"

3️⃣ Trades driven by anger, regret, or anxiety

Because I may not be that great, but if I survive a few more bull markets, I will likely become a long-term survivor, and the odds will responsibly lead me to the winning group.

This is investment discipline; this approach is particularly suitable for those who are cognitively humble and pursue "living long" rather than "winning fast."