【Chan Zhong Shuo Chan】 Teaches you how to trade Stocks Lesson 96: The Ubiquitous Gambler's Psychology
In the market, one of the biggest enemies is the gambler's psychology and gambler's thinking. There is only one possible outcome when gambling; if you participate in the market with a gambler's mindset, then your outcome is already determined. Even if you haven't been put into the pot yet, you are just getting fattened up to be boiled later, which makes no difference.
The gambler's psychology is everywhere; in addition to the constant betting mentioned in the last lesson, there are also others that you may not even notice.
For example, someone loses money and then thinks that when the market rebounds to a certain level, they will definitely exit and never play again. This seems very rational, but it actually reflects a gambler's mentality.
One of the biggest characteristics of a gambler's mentality is setting a virtual goal, an imagined target, completely ignoring the market itself.
Another characteristic is the fear of missing out on opportunities, the fear of losing a chance to make a lot of money. For example, what if the wrong decision is made? What if the market goes up further, resulting in losses? And so on.
Note that survival in the market has never been achieved through a single instance of wealth. Many have ended up losing everything after such an occurrence, as seen by this ID.
Real success in the market is always achieved through strict operations. What’s the big deal if there’s an operational mistake? Opportunities in the market constantly arise, and a stringent operational procedure is sufficient to ensure long-term success.
The mentality of a gambler, a very common behavior, is to cut losses and then chase gains, repeatedly driven by a blind force of karma, ultimately leading to that abyss. This so-called being blinded by greed ultimately leads to destruction.
The mentality of a gambler, a...

This path will only become lonelier.
Because everyone has their own path to cultivate.
Even if I long for everyone to progress together.
How passionately to Share my findings.
How much I hope everyone does not lose money.
Might be considered as meddling by others.