On the day of the big drop, here are 10 suggestions for you brothers:
First, honestly review your investment decision-making process. If you make a mistake, admit it as soon as possible. Because, when you correct a mistake, no matter how big the cost is, it is the minimum cost. Second, make sure you can "survive" in any situation and don't affect your quality of life. If the market still drops sharply next week, the result will be your financial death/mental collapse, and you need to make some adjustments. Third, observe your emotions and don't make major decisions under extreme emotions. If you are in anxiety and fear, it is better to go to sleep than to make a decision. Fourth, if speculation/investment will affect the lives of your family, please communicate with them frankly and seek their understanding and support. Don't hide or deceive. Fifth, don't insist on a mistake just to "prove yourself". "Which is closer, your name or your body? Which is more important, your body or your goods?" Sixth, don't believe the "god sticks" on Twitter, especially those big Vs who can predict the market. Seventh, prevent two diseases. Don't fall into "information hunger" - frantically reading various interpretations, opinions, and looking for the code of wealth; Don't fall into "stress ADHD" - frantically wanting to do something to make yourself feel better. Eighth, don't be clever, including trying contracts, swing trading, leveraging and bottom fishing, etc. Howard Marks said, "When you don't need to do anything, mistakes often come from your cleverness." Ninth, reduce meaningless communication. Most people cannot break away from group emotions, and too much communication will only strengthen the emotional radiation of the market. "Too much talk will lead to poverty, it is better to keep to the middle" Tenth, if you don't make mistakes, if you are rational and cautious, if your account can survive in any situation, if your quality of life will not be affected by prices, if you have enough patience - then, you can try to say to Mr. Market: "Fuck you!"