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Nasdaq Beater“Wanting to rebel, wanting to keep the noble title, and not wanting to spend money.” Decisions made when a group of people are extremely panicked and excited are often very extreme. Just like the August 19th Incident, the Emergency Committee formed by a group of Soviet generals, ministers, and the KGB made a series of blunders and actually couldn't defeat a single Yeltsin.
The stock market is the same. Panic and excitement during sharp market declines and surges are often extremely irrational. I've also suffered losses from cutting positions and selling too early due to browsing the community too much and listening to too much noise. In such situations, the best choice is to avoid falling into herd mentality, have a cup of coffee, and reason things out rationally ☕
$Circle(CRCL.US)$Strategy(MSTR.US)$Tesla(TSLA.US)
Recently obsessed with the TV series "Peaceful Years".
Every night, I watch the court struggles while the stock market harvests my money.
I'm still not quite used to the style shift that happened yesterday.
Watching the night when Cheng Dezhao plotted rebellion, the three Wu-Yue brothers gathered to plan. The three of them talked back and forth, discussed for half the night, and ended up with a terrible move.
In reality, excellent decisions mostly come from one person's careful thinking. When a group discusses, the conclusion is often ridiculously wrong.
There's a saying: "Three cobblers with their wits combined equal Zhuge Liang."
This saying sounds very low in wisdom content, more like a sarcasm towards those armchair strategists.
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