In fact, the most important thing in investing is to first clarify,

what kind of market conditions can you make money from?

This sounds like a simple question, but it is really difficult to answer.

Many people enter the market without a clear goal.

They can't hold for the long term, lack patience for regular investments, have no rhythm for short-term trades, can't withstand contracts, are afraid of scams, and always miss out on hot spots.

Seeing others make money, they begin to doubt their original methods and turn to learn from others’ paths.

What is the result?

In the end, they have only sampled every path, “observed” every wave of the market, but not truly participated in any.

To put it simply, their understanding and execution are all someone else’s, but the losses are their own.

The biggest enemy in investing is never the market, but your uncertainty and wavering mindset.

Don’t be fooled by those who have been in the market for years; they might not even have reached the entry-level of investing. So when does investing truly begin?

It begins when you stop looking around and no longer fantasize that you can “know it all,” but instead realize that you can profit from any market, while acknowledging your imperfections.

Admit your personality preferences and ability limits, and choose a strategy and time frame that suit you.

Be willing to delve deeply into one main line of work, rather than constantly trying to copy others’ homework. Even if you miss out on hot spots, remain calm and composed, because you know where your opportunities come from, rather than relying on luck.

In the long run, those who truly make money often do just one thing, but do it to perfection, rather than trying to do everything and ending up doing nothing well.

This world is not lacking in opportunities; rather, you are too eager to seize every opportunity, which causes you to miss the one that truly belongs to you.

A truly mature investor is not someone who understands many complex strategies, but rather someone who says,

“I know which wave I should profit from, and I also know which wave I cannot profit from.”

Giving up on market conditions that do not belong to you is the highest form of self-discipline in investing.

Don’t envy what others have made.

Only the money earned within your circle of competence is truly your asset.