#solana

1. This morning, I got up and looked at the order with the list. I found that SOL had surged a few points, while BTC was almost standing still. Then I checked the trend; the short-term fluctuations are quite large, but I don't want to keep putting money into the order anymore—because making money by following others is almost impossible, and sharing my own orders feels uncomfortable, like being coerced. It's that feeling of being awesome when you profit and foolish when you lose (often just my own feeling).

The certainty in trading comes from the long term (if there was certainty in the short term, everyone would be doing short-term trading because it's more efficient in terms of capital), which is why great investors like Buffett are long-term oriented; at its core, it's about certainty.

So, I usually hold my positions for the long term, and to mitigate risk, I add funds through regular investments while controlling my position well. For example, with the BTC/SOL order, I've mentioned before that it will definitely be profitable in the long run, and having a position of only 10,000 USDT is still okay. Unfortunately, the margin is too low. Hahaha.

So, today I stopped out of the SOL short position in the order, and currently, the BTC long position is still active. Although BTC is profitable, I have also set a stop profit for a pullback. After taking profit, I will transfer the money out and close the order. Because following/ copying orders is a negative expected value activity.

2. While walking with my wife today, we chatted about three types of mistakes that are easy to make in investing:

The first type is emotional. This means completely neglecting research, having no personal investment system, and not conducting analysis before making an investment; just being swept away by a statement or the fluctuations in the market and FOMO-ing into rash decisions. This is a common mistake made by most retail investors.

The second type is strategy error. This means you are following your investment principles/methods, but your method might not be correct. Or sometimes your method is correct but not suitable for all types of investments. Or your method is correct, but you did not execute it properly.

The third type is experience-based/temptation-based. This means you made a trade based on some logic and then made a small profit. You start to think it is the truth. So, you begin to scale up your position. Then you start losing money, and the losses get bigger and bigger.

Experience is often not reliable and is usually coincidental. Logic is what is reliable. Think more about the essence/logic of things.