The bad news has been exhausted. Last night, when South Korea released negative news, the market was still falling, but during the day it rebounded. So, the examination of bad news determines whether it's a bull market or a bear market.
When there's bad news and the market doesn't fall, isn't that the start of a bull market?
The insightful investors have already entered the market.
Be a bit more sensitive to market information.
Today I saw a saying:
The most foolish thing in the world is that someone can endure decades of unhappiness, but is unwilling to spend a year to change themselves.
Similar words were probably said to you during the college entrance examination: If you work a little harder for these two years, you won’t have to struggle too much for the next few decades.
Trading is the same; if you just put in a little effort, work hard for two years, perhaps you won’t have to work hard for the next few decades.
Even if you only earn a few million, you should know that if you work a job with a monthly salary of over 10,000, it would take decades to earn a few million. Trading earns you pure profit, while working deducts a bunch of miscellaneous expenses.
If you are not a second-generation rich kid or a political child, there aren’t many ways to make a lot of money. Starting a business has a low success rate as well. The most important thing is that the bigger you grow in industry, the less freedom you actually have. Every day you wake up, there are a bunch of employees waiting for you to be responsible for them.
For ordinary people, trading is already one of the best paths available.
Opportunities with market certainty are rare. Most of the time, investing is about waiting, and during the waiting process, the most important thing is to ensure the safety of your capital.
Protect the profits and patiently wait for the next upward cycle. How much a person can earn depends 99% on the historical process, not on their own efforts. Only efforts that coincide with the historical process are meaningful.
Whether in life or trading, there's rarely something you can control; it's more about luck or trends, just as Warren Buffett said, 'My success is due to winning the womb lottery and being born in America, in a century of prosperity for the United States.'
If Buffett were born in China or even Africa, no matter how hard he tried, it wouldn’t matter.
Personal success must rely on the larger trends, whether in entrepreneurship or trading, it's the same. When there’s no trend, you should focus on self-improvement. When the trend comes, you must seize it. How to seize it? If it’s a false breakout, cut your losses; if it’s a real breakout, hold on!