Basic cognition is addition: learn more indicators, read more news, listen to more messages. The result is brain overload and decision paralysis.
Advanced cognition is subtraction: eliminate noise, block emotions, and focus on first principles.
The bad habits you need to iterate away from:
1. Trying to explain every fluctuation.
2. Believing in a perfect prediction system.
3. Holding on tightly during losses, but unable to hold during profits.
Investing is like sculpture. You don't need to add anything; you just need to chip away at the parts that don't belong to "rationality." What remains is profit.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Basic cognition is addition: learn more indicators, read more news, listen to more messages. The result is brain overload and decision paralysis.
Advanced cognition is subtraction: eliminate noise, block emotions, and focus on first principles.
The bad habits you need to iterate away from:
1. Trying to explain every fluctuation.
2. Believing in a perfect prediction system.
3. Holding on tightly during losses, but unable to hold during profits.
Investing is like sculpture. You don't need to add anything; you just need to chip away at the parts that don't belong to "rationality." What remains is profit.