Be an enemy to retail investors, change your retail-investor mindset, and your approach to trading.
I started trading stocks in 1992. As a seasoned old shareholder, I’ll say a few things:
First, stock-trading profits have little to do with intelligence, education, years of experience, gender, etc.
Second, more than 95% of people are not suitable for trading stocks.
Third, the ones who can truly stay in the market long-term with stable performance and achieve substantial returns are those with good personality, mindset, and “market feel”—people who can both read human nature and go against it; who can think logically and also think in reverse; who can control themselves and also let go at the right times.
Finally, being good at stock trading is actually a kind of ability and talent—there are also, to some extent, factors of natural aptitude involved.
The stock-trader’s motto is: “Always be at war with retail investors.”
Can’t hold profits, losses you stubbornly endure. — That’s the retail-investor mindset.
When a trading opportunity arrives, do you dare to go in? After you act and find you were wrong, can you stop the loss in time? If you’re right, can you hold on to it?
Knowing the principles isn’t enough—the key is to do it. You may see a gold mountain right in front of you, but if you don’t personally dig for it, the gold is only “gold” in your eyes.
“Do what you say” is harder than anything else—if you can’t do it, slap yourself in the face.
I started trading stocks in 1992. As a seasoned old shareholder, I’ll say a few things:
First, stock-trading profits have little to do with intelligence, education, years of experience, gender, etc.
Second, more than 95% of people are not suitable for trading stocks.
Third, the ones who can truly stay in the market long-term with stable performance and achieve substantial returns are those with good personality, mindset, and “market feel”—people who can both read human nature and go against it; who can think logically and also think in reverse; who can control themselves and also let go at the right times.
Finally, being good at stock trading is actually a kind of ability and talent—there are also, to some extent, factors of natural aptitude involved.
The stock-trader’s motto is: “Always be at war with retail investors.”
Can’t hold profits, losses you stubbornly endure. — That’s the retail-investor mindset.
When a trading opportunity arrives, do you dare to go in? After you act and find you were wrong, can you stop the loss in time? If you’re right, can you hold on to it?
Knowing the principles isn’t enough—the key is to do it. You may see a gold mountain right in front of you, but if you don’t personally dig for it, the gold is only “gold” in your eyes.
“Do what you say” is harder than anything else—if you can’t do it, slap yourself in the face.
