Today, let's have an in-depth chat with the brothers about the toughest opponent in trading — yourself!
(Grabs a cigarette) Do you know why retail investors can never make big money? Because deep down, we have a fundamental flaw of "knowing when to take profits"! We run away faster than rabbits after making just enough for a meal, only to watch the market soar to the moon, regretting our decisions while stubbornly saying, "At least I didn’t lose."
What's even scarier is the self-deception when losing money: "Just wait a bit longer, I’ll definitely break even," but the longer you wait, the bigger the hole gets! In the end, you close your computer and bury your head in the sand, only to find your account nearly at zero when you finally check again... (Don’t ask me how I know this)
(Thumps thigh) But do you know what’s the most ironic? Those dogs flaunting their luxury cars every day are specifically profiting by harvesting our "human weaknesses":
When you’re scared, they buy the dip.
When you’re greedy, they sell.
When you hesitate, they double down.
(Suddenly serious) So, to survive in this merciless market, you have to train yourself to be a "anti-humanity robot":
Cut losses decisively when needed.
Stay firm when holding positions.
Watch the show and sip tea when there are no signals.
(Takes out a small notebook) Remember this, brother:
"Before conquering the market, first conquer that indecisive self."
Let's encourage each other! 💪
