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Are you an investor or a speculator?
One of the biggest mistakes in speculation
It means rushing to make a big bet when the direction is unclear;
When clear opportunities arise, people become overly cautious because they have lost their chips or are in a loss.
When is the direction unclear and when is the opportunity clear?
Let me ask you a simple question: after placing a bet, can you sleep?
When a clear opportunity arises, even if your bet encounters a floating loss, you know that there will definitely be greater profits ahead, so you can sleep and eat.
When the direction is unclear and you encounter floating losses, you are so scared that you can't sleep, because you know that there is no way to get out of the predicament, or you may even lose everything.
It means rushing to make a big bet when the direction is unclear;
When clear opportunities arise, people become overly cautious because they have lost their chips or are in a loss.
When is the direction unclear and when is the opportunity clear?
Let me ask you a simple question: after placing a bet, can you sleep?
When a clear opportunity arises, even if your bet encounters a floating loss, you know that there will definitely be greater profits ahead, so you can sleep and eat.
When the direction is unclear and you encounter floating losses, you are so scared that you can't sleep, because you know that there is no way to get out of the predicament, or you may even lose everything.
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