商业思维

Duan Yongping's highlights from his sharing at Zhejiang University are here!

His views are very suitable for friends who have already made their first pot of gold and have gotten out of financial difficulties.

How to preserve wealth and pursue greater levels of wealth, his experience is definitely worth learning from!

Highlights
1. Look at your current decisions from the future to see if they are correct, 5 years, 10 years, or even longer.
2. Quickly assess whether a company has long-term investment value; Duan Yongping responded that he doesn't know, and mentioned that Buffett and Munger are not afraid of missing some opportunities; what's important is to avoid stepping on landmines.
3. The reason for not having money may be the desire to make quick money; it's important to know what cannot be done and to do the right things steadily.
4. Risks taken should be bearable by oneself.
5. People who want to start a business do not need encouragement from others to do so; entrepreneurs have strong ideas and will definitely take action.
6. Now, when starting a business, one can seek VC and other funds, and the conditions are much better than in the past.
7. Do not start a business just for the sake of it; there should be a genuine idea or when there are no other options.
8. Learn what is needed.
9. When starting a business or investing, think through the business model.
10. Do the right things, do them well; doing the wrong things will lead to punishment, and the wrong things often have short-term temptations, such as smoking or drinking.
11. A person should be honest and correct mistakes immediately upon discovery.
12. Develop a habit of exercising.
13. Cultivate a habit of thinking about the essence.
14. Let others work for themselves, not just for me (the leader).
15. You cannot avoid doing things out of fear of making mistakes. However, if you know it’s wrong, you shouldn't do it.
16. Do not let important things become urgent.
17. Investment is not a zero-sum game; making money through information asymmetry is a zero-sum game. (Duan Yongping is referring to the investment field)
18. If you know it's high risk and still proceed, then your mind is not right. #DuanYongping #Thinking #Entrepreneurship #商业思维

Skills of Successful Traders in Emotion Management:

1. Managing Emotions: Successful traders control their emotions, ensuring decisions are based on logic rather than impulse. They use self-awareness to identify and restrain impulsive behaviors, such as maintaining calm and focus through deep breathing exercises and meditation techniques.

2. Lifelong Education: Continuous learning and improvement is an important habit of successful traders. They are committed to constantly learning to stay ahead of market trends and refine their trading strategies.

3. Keeping a Trading Journal: Recording each trade helps reflect on decisions and improve future strategies. Through the trading journal, traders can identify the emotions and reasons for entry that led to losses, thus avoiding repeated mistakes.

4. Risk Control: Implementing robust risk management strategies protects trading capital and ensures sustainability. By controlling the risk of each trade within a certain percentage of account funds, traders can reduce the impact of emotions on decisions.

5. Accepting Losses: Successful traders view each loss as a cost of trading, set reasonable stop losses, and focus on long-term results, understanding that the profit and loss of a single trade do not represent overall performance.

6. Reducing External Distractions: Avoid excessive focus on market fluctuations and reduce information overload, choosing a suitable time frame for trading and filtering reliable information sources.

7. Using Simulated Trading Practice: Familiarizing oneself with strategies through a simulated account increases confidence in executing plans and adjusts emotional responses to losses without financial pressure.

8. Establishing a Calm Trading Ritual: Clearly define the day's goals before trading, assess market conditions, and avoid emotionally driven trades before the release of significant economic data.

9. Training the Mindset to Cope with Losses: View losses as learning opportunities rather than failures, and pause trading after a loss to reassess strategies.

10. Managing the Mindset After Profit: Avoid complacency, adhere to risk management after making profits, prevent relaxation of vigilance, and lock in profits after achieving partial goals to alleviate psychological pressure.

#情绪管理 #交易心理 #商业思维