Some friends are speculating on Mingwen, where did they fail?
First, they buy too much, they buy everything, they make money from everything. They think they can make money from anything. They are not focused.
Second, they have no faith, they cut the meat as soon as they fall, they can't bear it. Those who have experienced the Mingwen trough, especially from June to October last year, know that frogs can fall to 0.02, ordi from 30 to 3, they have to be mentally prepared.
Third, where is my most successful point in Mingwen? Find the recognized target, hold it, and preach. I held the low-priced chips of rats, and I have experienced four halvings, and I have been calm for a long time. If you want to eat a hundred times, you have to be mentally prepared.
Other Mingwen pulled the plate without faith, sold them all, doubled out the cost, even if there is, it is profit. So this time the decline is very calm in my heart.
Fourth, I have faith, I have what I recognize. Even if I am wrong, the market will educate me, not myself. If I shout a hundred times when I rise, and cut the meat when I fall, I am the biggest fool.
Fifth, you have to be confident, investing without confidence, you might as well go home and farm, even if you are blindly confident, you have to have it. The market educates you when you are wrong, and you are more confident when you are right. You have to believe in yourself.