The speculative field is actually a training ground for life. It will always give you hope and the opportunity to correct your mistakes. Speculating in finance is actually speculating on yourself. The success of speculators is actually the success of human nature. Their experience shows that good thinking habits and Investment belief is the guarantee and cornerstone of success. If you have no intention of cultivating or cannot cultivate well, you have to stay away from speculation, otherwise you will continue to pay the bill. The way to invest is the way to admit mistakes professionally. Only by constantly "admitting mistakes" can we achieve fruitful results. "If you want to be a speculator, then start by learning to admit your mistakes.
Speculation is as cruel as nature. While achieving the survival of the fittest, its other function is to punish mistakes, which is not as polite as we imagine.
When prejudices and mistakes are full of speculation, what kind of actions do you take? Do you strengthen the prejudices and mistakes and deviate from the original point, or correct the prejudices and mistakes and move towards equilibrium. In the process of speculative work, when there are mistakes, we should have a severe critical attitude, and as long as this attitude allows us to identify and correct mistakes earlier than other speculators, then we can enjoy Additional benefits from errors. In speculation, the mission of profit is to correct invalid thinking, regardless of whether people want others to do it or not, the fact is that they do make money in correction. After having a severe critical attitude, we find ourselves and others making more and more mistakes. What we should do at this moment is to treat the mistakes kindly and discover the opportunities hidden in the mistakes. Perhaps mistakes themselves are a gold mine. There is infinite room for improvement in speculation and thinking, and the existence of defects is eternal. In constant analysis and judgment, we are always choosing the second best. It is not terrible to make mistakes in speculation, nor can it constitute a sufficient reason to prevent continued speculation. On the contrary, when you realize the mistakes and defects, it means that you have clearly identified the dangerous attribution, so the feeling of safety surpasses any time before.
For those who are determined to engage in speculation, daring to admit mistakes is the first and necessary quality. Dare to admit mistakes is a good character of a person, but for speculators, it is necessary for survival. If you are a person who is desperate for face and dare not even admit your mistakes, it is best not to engage in speculative work. The main difference between a fool and a wise man is that a wise man learns from his mistakes, a fool repeats them. Soros said frankly: "For others, it is a shame to be wrong. For me, it is a kind of pride to admit my mistakes. Once we realize that the lack of understanding is an innate characteristic of human beings, there is no need to make mistakes. It's a shame, it's a shame not to be able to right the wrong."
After the investment master corrects his mistakes by cleaning up unsatisfactory investments, he will analyze his mistakes, and he will not let go of any mistakes. First, he doesn't want to repeat his mistakes; second, he knows that making fewer mistakes will strengthen his system and allow him to perform better; third, he knows that reality is the best teacher, and mistakes are the teacher's best lessons . Many of us are unwilling to admit our mistakes, and often attribute our failures to the downturn in speculation. If we really can’t explain it, we think that we have bad luck. This kind of thinking habit of "either speculation deceived you, or luck deceived you" So that our investment philosophy will never improve, and we will always complain in bad luck and hold our breath in luck. What's more, you are stubborn and don't admit your mistakes, thinking that the trend will not last forever, and you will definitely turn around. Maybe this expectation can be realized, but when the day comes, you may not have the energy to raise your hands and cheer! "The more you lose, the more you rush" has become a "bad habit" that sends speculators into the abyss of eternal doom, and the "bad habit" of not wanting to admit their mistakes to speculators has created the fate of speculators as an ultimate loser. Remember, the only way is to return to the "baby mentality" of being a child. Once you make a mistake, you must immediately admit your mistake and say "I was wrong" loudly in your heart and mouth. That is to leave the field for a rest, and wait for another appropriate time to 'restart'.
Failure is not the mother of success, because even if you fail 10,000 times, you still operate in the original way, and in the end you can only get the result of repeated failures. Failure is just the father of success. After failure, only by reviewing and summarizing can we get up from where we failed and finally move towards success.
The method to improve the level of speculation: every time you review and summarize, you will improve once, review once a month, you can improve 12 times a year, review once a week, you can improve 40 times a year, review once a day, improve 365 times a year Two times a day is an improvement of 730 times a year. What is the best way for you to improve your level? Improve a little every day, review (self-examination) at least once a day, so that you will improve faster than your peers, and you will become a winner, otherwise your money will be robbed by peers who work harder than you.
Learn, copy, summarize. The key to success is to learn and imitate speculative masters, repeating what they did, saying what they said, doing what they did, thinking what they thought, until their successful model becomes your habit, Over time, you will find that you also have the effect of his success. It is common to make mistakes in speculation. There is no one who does not make mistakes, and no method or system is panacea. No one is perfect, and sometimes it is inevitable to make mistakes in words and actions. In this case, it is very important to have the courage to admit mistakes. Being able to "never make big mistakes and keep making small mistakes" is already a very remarkable speculator, and many master-level figures are like this. For a trader, it doesn't matter if you make a small mistake, the problem is to dare to admit your mistakes and dare to correct them. The sooner you recognize the mistakes in the transaction, the better, and the sooner you correct them, the better. No one is 100% accurate in judging the trend. Sometimes the judgment is wrong, even if it is a temporary mistake. It is not a wise move to stop the loss first, and then enter after the observation is correct. In this way, unnecessary entanglement can be avoided, and unexpected situations can be prevented. Zeng Guofan has a deep understanding of this. He said: "Knowing one's own faults is the place of self-acknowledgment. It is the most difficult thing to change without stinginess. The reason why a hero is a hero and the reason why a sage is a sage is that This place is upright and upright. If you can pass this level, Cun Xin will be extremely happy, save so many entanglements, and save so much concealment and embellishment."
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