This week, Meta and Coin turned from profit to huge losses 😭, another failure case. I never learn my lesson. Once I make money, I forget all the previous pain and become greedy again. This is human nature. Stock trading is really a practice of self-discipline. We must strictly follow trading rules and not get carried away. Extreme joy begets sorrow!
Keep reminding myself:
1. Respect the market: Control your hands. When the market is good, learn to pause and lock in profits. Earning less is better than losing.
2. Control position size: Always keep only half position, leaving the other half for opportunities.
3. Number of holdings: Hold no more than 3 stocks at a time to avoid distraction.
4. Adjust mindset: Clearly define whether the stock you bought is for long-term or short-term. If it's short-term speculation, take profits and leave. Don't regret selling too early—it was just luck to earn a little. If it's long-term, be patient. Even if you're not making money or even losing now, believe that the day will come when you succeed. Don't envy others. Stay in your own rhythm, take it slow, don't rush, and wait for the flowers to bloom. Patience, patience, patience!
After reviewing my recent mistakes, I found a common pattern: I was too hesitant at the beginning, afraid to increase my position. Then, when the stock rose and I made a small profit, I got overconfident and started trading aggressively. But as soon as I added to my position, the market crashed, and I got stuck, too scared to act, forced to wait it out. This happened with Jingtai and Tesla—I actually believed in them, but maybe I lacked confidence or was too timid. Only after they rose did I finally believe and ended up buying at the peak. Ultimately, it's because I didn't have enough knowledge and was afraid. In the future, if I believe in something, I need to research more and hold firmly.
Then there was Guotai Junan International and yesterday’s panic index. I saw everyone rushing in, so I stubbornly followed. I made some profit and exited, but then I kept watching as the rally continued. Instead of taking my gains, I jumped back in—pure gambling behavior. After winning, I wanted more, but not only did I lose my profits, I ended up in the red. So I must remember: it's okay to be bold once, but I have to know when to stop. Don’t get cocky—respect the market, stay humble. I’m really upset. I made money last night, but because I got greedy, I lost thousands. This lesson can’t happen again. I’ll write it here and recite it before my next trade.
For now, I’ll take a break from trading. The market feels too volatile. I’ve cut some positions in the three major markets and will wait for my current holdings to recover. If the market rebounds, I won’t miss out. If it keeps falling, I’ll wait for stability before averaging down.
Finally, I need to calm down. My teammate is right—we didn’t bet our entire savings. There’s no need to obsess over the market like our lives depend on it. The money we’ve invested is still within a reasonable range. Time will create opportunities. Life must go back to normal.
Also, I really shouldn’t compare myself to others. Lately, I’ve been discussing stocks with colleagues, hearing how they earn more and lose less than me. It makes me panic, and when I’m anxious, my decisions are always wrong. Quietly build wealth—next week, no more stock talk. I’ll focus on mid-to-long-term trades, with occasional short-term plays.
I achieve financial freedom soon!
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