A successful retail investor must learn these 3 things for a lifetime

First: Market Timing

When to enter, when to exit, when to hold, when to increase positions. In other words, when to hold on and when to let go.

Second: Capital Management

The most important thing to remember is to not lose your principal, protect your capital, protect your capital, protect your capital. This principle was later mastered by Buffett.

He said there are a total of 3 rules for investing and trading: the first rule is to protect your principal, the second rule is to remember the first rule, and the third rule is to remember the first two rules.

Third: Emotional Management

This is the most important point. If you cannot control your emotions, then no matter how skilled you are in the previous areas, you will still be a failure.

Rationality, logic, and pure economics cannot shake the market; the market is influenced by human nature, which is our emotions.

The real challenge to face for a lifetime is dealing with your inner self, namely, “emotions.” If your heart is not calm, you will never be able to do well in investing.

Moreover, as time goes on, the influence of the “heart” becomes greater and greater! Don’t believe it? Just wait and see.