US stock market has been around for over 200 years and basically not much has been changed. Why 95% people keep losing money over and over again?
Market Pros all say: emotions!
There is an old saying on Wall Street: The worst enemy for investors is not the stock market but themselves.
According to the market exports, many people lose their money in the market because they get too emotional about the stocks they buy and sell.
The true battle for investors is not the market, but learning how to control the constant bombardment of emotional stimuli: Fear & Greed
Then, how can we do to prevent emotions from ruining our investment portfolio?
According to many many experts, the first step is not to spend time and money on the market, but spend time analyzing your strengths and weaknesses.
Unfortunately, many people naturally resist looking closely at their own personalities but others.
Then, the next step is to teach yourself emotionless.
简单地说就是:
心如止水
知彼先知己
赵云行,张飞不行.
鲁肃行,周喻不行.
郭靖行,杨过不行.
小龙女行,黄蓉不行.
周止若行,殷素素不行.
扫地老僧行,南乔峰北慕容都不行.
Wall Street心如止水的结果就是Quants的诞生和流行...