In trading, those who can understand it are not ordinary people!
Some say that trading is like running through a hail of bullets with bare shoulders; only the 'freaks' survive.
Buffett's saying, 'When others are greedy, I'm fearful; when others are fearful, I'm greedy,' sounds simple, but how can a normal person do it? The numbers in the account jump up and down like a rocket, and your heart should have leaped into your throat long ago. Yet those who have grasped the essence of it eat and sleep as they please, barely lifting their eyelids.
These people inherently have a bit of a 'reverse' gene. Soros has long said that treating investment as a game will eventually lead to tears when leaving the field. A normal person, having lost money, would smash their keyboard; when they make some, they hurry to flaunt it on social media. But what about real traders? When friends invite them to drink, they wave their hands and say 'next time,' then turn around and review K-line charts until the early hours of the morning. They have long made loneliness a part of their daily routine.
Dalio wrote in 'Principles,' 'Pain plus reflection equals progress'; these people are living examples. Every fluctuation of the K-line is a magnifying glass on human nature; every penny in their accounts marks the price of their understanding. They no longer believe in the 'man can conquer nature' cliché; Jesse Livermore articulated it a hundred years ago: There’s nothing new on Wall Street because human nature never changes.
They are well aware that the greatest enemy is not the market but the gambler within themselves who always thinks of getting rich overnight. So, they speak very little not out of trying to be cool but out of fear that saying too much will expose their still smoldering greed.
If you ask them for any secrets, they will most likely respond nonchalantly: There's no enlightenment; it's just that I've made all the mistakes a normal person should make, ten years ahead of time.
