【Three Most Discussed Topics with Fans Recently | Quickly Correcting Mistakes, Timely Stop Loss, and Doing Good Deeds without Worrying about the Future】

Many friends have been discussing with me about a topic that has caused them a lot of anxiety recently:

They are unsure about how to proceed next. Some friends have even mentioned that they have suffered losses even in a bull market, leading to deep self-doubt and fear of the unknown in the next stage.

I would like to share three topics with everyone regarding these issues:

Topic One: Take it step by step. The most important abilities in life are only two:

Never have a "leek" mentality!

First, it is important to understand that losses are normal and that you are not alone in experiencing them. Most people who suffer losses are just too embarrassed to admit it.

Second, what you should do is to promptly stop losses, assess the situation, and quickly correct any mistakes; establish a sound trading strategy for yourself.

As for the future development of the market; this is a world of games and changes. It's not just you who doesn't know how things will develop next. Even the oldest OG in this industry, or even President Biden himself, cannot predict what will happen next.

So, at this stage, don't be anxious, don't listen to those so-called successful people who talk nonsense, and try to avoid unproductive predictions as much as possible.

Especially in the long and short game stage, it's better to go fly a plane than to listen to those who claim to have accurate analysis and planning for your future, or how things will turn out based on past events.

In life and in investment, it's all about taking it step by step. The most important abilities are only two, everything else is nonsense. These two abilities are: the ability to handle things and the ability to correct mistakes, and if we must add another, it would be the cultivation of the right mindset.

Losses cannot enhance understanding. When we talk about investment enhancing understanding and strength, it's about enhancing these three aspects. If your losses cannot enhance your ability and mindset in these areas, then no amount of losses can enhance your abilities.

Topic Two: About results and predictions, plans and changes

Some friends have also privately discussed with me about their many plans based on predicting the future. But when I asked them what their predictions were based on, I found out that it was all based on imagination.

It's like, "I imagine things will develop in this way. So the result should move in this direction." Of course, this is human nature! It's understandable!

But the truth is, in a constantly changing environment, planning has very limited effectiveness. Whether the SEC will approve BTC's ETF, or whether the ETH Cancun upgrade will bring about a qualitative leap and a price surge. These are all accumulations of various uncertainties and results of various games, and no one, no one can predict them!

Plans cannot withstand changes. Always thinking about the final result, always thinking about things developing in the way you want, often does not help progress in any way, but instead affects your mindset, reduces efficiency, and deviates from the direction.

Just like in life and in movies, when sudden disasters strike, some people just freeze and stand there looking confused, while others can quickly and calmly start taking action to find a place of refuge.

Topic Three: Timely review, quick correction, and doing good deeds without worrying about the future

So, what I want to say is: do good deeds without worrying about the future. What you need to do is to do well in the present, then establish the most suitable strategy for the present, and when you encounter a market situation that deviates from your strategy, quickly review and correct it, so that you can quickly get back on the right track.

Once you find the river, the most important thing is to deal with the obstacles along the way, so that you can continue to move forward along the river. If you keep insisting on the direction, always thinking, "I want to get out! I want to make money!" Once you lose your composure, you might end up dying here.

There's a short film about the animal world, which depicts a scene where a cheetah in the East African grasslands pounces on a Thomson's gazelle. When the cheetah starts from point A, the gazelle starts from point B, and when they finally meet at point C, the cheetah doesn't make every step correctly, but rather makes every step wrong. Correcting the previous step's mistake is the only way to succeed.

If the cheetah's best and most correct move is to just run to point C and wait for you, then this world wouldn't be the same.

So, the ability to correct mistakes is very important. The most important thing for the young is to know that the ability to judge and correct mistakes in your life is particularly important, as well as timely stop loss. This includes emotional issues, don't try to salvage them, if it's wrong, it's wrong, it's normal, just stop the loss and correct it!

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