I copied this passage into my notebook and reread it every so often.
《The Wall Street Ghost》 makes a point that stuck with me:
The Ghost’s first rule: A position has to prove itself right first; otherwise, you should cut it back. Don’t wait for it to prove you wrong before getting out. If it hasn’t proved itself right, get out. Nine out of ten people get this sequence backwards.
Take today’s $NEAR , for example: it’s at 4.9950 now, up 1.52% over 24 hours. This kind of market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the charts.
Looking back, every stumble is spelled out in that sentence.
Trim your position first.
#NEAR #投资哲学 #交易心态 #Crypto
《The Wall Street Ghost》 makes a point that stuck with me:
The Ghost’s first rule: A position has to prove itself right first; otherwise, you should cut it back. Don’t wait for it to prove you wrong before getting out. If it hasn’t proved itself right, get out. Nine out of ten people get this sequence backwards.
Take today’s $NEAR , for example: it’s at 4.9950 now, up 1.52% over 24 hours. This kind of market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the charts.
Looking back, every stumble is spelled out in that sentence.
Trim your position first.
#NEAR #投资哲学 #交易心态 #Crypto