Investment experience that saves you five years of detours

1. The psychology of chasing perfection

Chasing perfection is a very greedy mindset—an extreme one. Because if you pursue perfection, you won’t tolerate even the slightest flaw, and you can’t handle even a small loss; when it’s time to cut losses, it becomes hard to execute. Because of the desire for perfection, a person tries to catch every fluctuation and doesn’t want to miss any opportunity. Everyone has their own limitations and areas they’re not good at. A perfectionist mindset easily leads to oversized positions and frequent trading.

2. The mindset of putting everything on one throw

Trading is a long-term process—there’s no need to react as if you’re dying over the outcome of a single trade. Sometimes accepting some small losses is very healthy; it helps prevent bigger losses. It’s like having a mild cold that is beneficial and harmless to a person’s overall health

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