1) Every investment decision you make is your responsibility. Blindly following others' advice without forming your own opinion or applying critical thought is risky. This approach not only prevents you from refining your investment skills but also increases the likelihood of financial losses in the future.
2) There's a noticeable increase in misunderstandings in discussions, and many experienced figures in the community appear worn out, whether they express it publicly or in private. This suggests a new influx of participants who might not fully grasp their personal responsibility in investment decisions or the broader market dynamics. Embracing a humble attitude enhances learning opportunities.
3) It's essential to distinguish between long-term investing and short-term trading, identifying the assets, styles, and timeframes that suit your strategy. Over time, refine your approach by focusing on these elements.
Continuing, many try to tackle too much at once, casting a wide net in hopes something will work. It's crucial to understand that you can pursue anything you wish, but not everything simultaneously.
4) Understanding the background, reliability (especially through various market cycles), and the specific investment preferences of the experts you follow is crucial. Also, strive to comprehend their motivations behind their advice.
5) While preparation can increase your chances of success, luck still plays a role, and it won't always be in your favor. Some people think I possess a magic solution or algorithm due to past success, but that's far from the truth. I'm as fallible as anyone, and market predictions are always speculative, based on probabilities.
6) Idolizing figures in the investment world is a mistake; instead, develop your own viewpoints. Those who have achieved 'idol' status did so through innovation, not imitation. Engage with mentors or peers from whom you can learn and grow in a reciprocal manner.
7) Many approach the market with an overly simplistic mindset, categorizing everything as either positive or negative, smart or foolish. This binary thinking might offer short-term satisfaction but doesn't lead to consistent success.