


Reflections:
1. When you buy a stock and keep nervously checking it, you're gambling because you bought it without understanding. It's like buying a lottery ticket.
2. Strict discipline may seem like earning less, but it actually means losing less, because you never know when a big drop will come, and sometimes it's too late to stop losses.
3. These days, the market has dropped a lot. I'm holding no positions and am almost unaffected, but similarly, I didn't catch the rebound either. Compared to two other groups—A, who held full positions and suffered huge losses before recovering, and B, who boldly bought the dip and made huge profits—both are somewhat gambling.
4. I stick to my principles and only increase my position to 20%. Although I earn less, I can sleep peacefully. Suddenly, I thought of Da Dao saying that a friend became healthier after switching to value investing because they were no longer anxious (gambling causes anxiety). They rested well, didn’t stare at the market all day, and spent more time on life and family.
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