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Baidu Diamond HolderCharlie Munger said that failing to seize a certain opportunity is also a mistake. In fact, when a certain value investing opportunity arises, just focus on seizing that one. Most of the extra operations lead to losses. Hold onto cash, seize the opportunity, and wait.
Investing must be made simple. If you usually find it very difficult and mentally draining to make money in stocks, something must be wrong. Hard work leading to wealth does not apply to the stock market! On the contrary, it might cause you significant losses.
The current market is like a child; you have to go along with its temper! When it's being fussy, you should lay low. Don't always try to prove how much knowledge you have, otherwise, it will make you understand what pain is!
Also, don't be overly fixated on details. MACD today, KDJ tomorrow—all data must be used in conjunction with market sentiment and policy. If you could make money just by looking at data, then there would be nothing for us ordinary people to do!
People with low emotional intelligence, or those who are not good at understanding, should honestly stick to value investing. Don't think about doing short-term trades every other day, otherwise, hard work will only make you poorer!
People who are overly concerned with gains and losses should not play with leverage!
You must recognize your own shortcomings and avoid them. Don't always use your personality flaws for investing, constantly challenging your own weaknesses. It's meaningless, too tiring, won't make you money, and will only cause anxiety 😐
$Invesco QQQ Trust(QQQ.US)
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