Good Advice Record
One thing I've gradually come to understand is that when you sell at a point that can change your life, you gain a benefit that cannot be measured in money: a permanent improvement in your life and the lives of those around you. Imagine being able to immediately improve your life situation by clicking 'Sell'. It's wonderful! If you have such an opportunity, I strongly suggest you seize it.
I know how tempting it is to wait for the best selling opportunity: believing that if you just hold on a little longer, you can gain more profit. But the truth is: the best timing is just an illusion. The most successful traders I know didn’t achieve their current success by perfectly timing every peak; they succeeded through continuous profit-taking and maintaining liquidity. They understood early on that turning sales into cash is a necessary condition for survival in this game.
I often think about what reaching 'escape velocity' means: that is, your financial situation allows you to take calculated risks without jeopardizing your life stability. Once you reach that level, then you can truly start playing the game and give it your all.
I understand what Fiskantes said above. Once you've deposited life-changing money in the bank or invested in real estate, you can easily participate in the market.
What do I mean by 'easily'? Well, I'm not saying it's easier to make money; I'm saying your mindset is more relaxed. You can make better decisions calmly, allowing trades to come to you. And even if you lose, you won’t lose everything because you already have a safety net.
As Fiskantes said: 'The real fun starts from here.' In this sense, this cycle is more interesting to me. If everything goes to zero, at least I still have a secure fallback. That said, some people work more efficiently under greater pressure, but I believe that’s not the case for most people.