There are only two consequences for Stud
The first one, or the first stud was buried, and then there was no more.
The second time, I bet 1 million yuan, and with luck, I got 2 million yuan. The third time, I got 4 million yuan. The fourth time, I got 8 million yuan. But in the end, I lost everything again.
When many investment tycoons talk about their bankruptcy experiences, it is basically caused by the last investment and the last stud.
This is a typical example of using the wrong method to get good results, and then develop the inertial thinking that every operation must be done in order to make a profit. There is no position management, no awareness of risk management, and it is easy to attribute mistakes after failure. I think I didn’t see the timing right last time, and if I have more chips, I’ll be able to turn around next time if I see the right time and continue studing...
In fact, even if you toss a coin 10 times, you may be lucky 5 times and get the front side, but each time is independent. As long as the sixth time is the back side, your money will be gone.
How dare you play such a game?
What kind of game are we going to play?
You want to play a game where you lose 1 yuan if you are wrong and earn 10 yuan if you win.
Every time you are guaranteed to lose, it only accounts for a small proportion. If you win, you can make a lot of money.
Achieve a state where you can move forward and backward freely, and abandon all ideas of winning by guessing correctly.
I am Sister Bi, a personal investment coach for high net worth individual investors.