The Way to Simplicity // Maintain Calmness and Be Decisive
1️⃣ It doesn't matter if you're right or wrong; what matters is how much profit you gained when you were right and how much you lost when you were wrong!
2️⃣ To succeed, you need enough patience, and you must face boredom and pain with composure.
3️⃣ Investment and trading are a long process filled with waiting; profits often cannot be immediately realized.
4️⃣ Focus on short-term rather than long-term; be skilled in battle but never attached to it. After a long rise, there must be a fall, and after a long fall, there must be a rise. Seize opportunities to strike big, but once successful, know when to take your profits.
5️⃣ Financial management is always a way of thinking, not just simple techniques.
6️⃣ Not knowing what will happen in the future is not scary; what's scary is not knowing how to respond if something does happen.
7️⃣ If you overtrade, even if your market judgment is correct, you can still end up in failure.
8️⃣ Life is like a long marathon; those who have endurance can achieve the best victories.