Why do so many people like to trade frequently?

Essentially, it's because they are poor. They fantasize about seizing every trading opportunity. This is not something you decide; it's a habit cultivated by the market.

If ten million at 30 years old and ten million at 60 years old are not the same, the picture painted by value investing shows that you have earned ten million relying on compound interest after twenty to thirty years. But the problem is, if you are already 60 years old, what do you need ten million for? By then, it won't matter anymore. Everyone has come to this market with the initial intention of making quick money.

How many people entered this market not dreaming of changing their fate?

For retail investors, value investing is too slow. So slow that if their few tens of thousands or hundreds of thousands of capital were really to engage in long-term trading, even if the return rates were as stable as Buffett's annualized 10-15%, it would still take 5-7 years to double; twenty years later, your five hundred thousand would grow to two or three million.

However, how many people even have five hundred thousand in capital? Stepping back, even if they do, can you afford to wait? How many 5-7 year periods do you have in your life?

Therefore, retail investors are not qualified to talk about win rates; they should only focus on odds, and high-odds opportunities are necessarily low-win-rate situations. To turn things around, frequent trading is inevitable. It’s like playing Texas Hold'em. Short stack players cannot support themselves to adopt balanced strategies like many deep stack players. To turn things around, you must broaden your range to seek a glimmer of hope. There are only two paths here. Either be continuously exploited and face chronic death, or increase your entry rate to gamble. But the cost is that you must bear high losses, which requires solid skills in recovering from losses to make up for it. Frequent trading by retail investors is not something to be ashamed of!

Summary: I am still too inexperienced! Opportunities are right in front of me, but I keep missing them. Brothers, there are too many opportunities in the primary market. You really have to come to the primary market and take a gamble.

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