Read more books and get hurt less.
There are two key factors that determine whether an investment is successful or not. One is value, and the other is cost-effectiveness. Both are indispensable.
If you buy something that others are chasing, you are destined to lose money.
It is a common saying: "It is better not to buy than to chase the rise." Everything you buy in pursuit of the rise will have a very poor final yield.
The currency that has been leading the rise will always encounter a ceiling and then rotate.
The real high return comes from predicting the future main rising wave, or predicting the future big crash, and preparing in advance.
Short-term predictions of more than a dozen points, whether correct or not, are meaningless.
If you predict that the market will collapse or the market will reach the top in unison with the public, you will not be able to achieve high returns.
Things that everyone can predict are worthless in themselves.
It is easy to be enshrined as a god if you predict correctly once, but it is difficult to predict correctly again, and it is almost impossible to predict correctly continuously.