Recently, I have been learning new cognition and knowledge from others. I feel like I have seen through a lot of things at once, and if I hadn't experienced a wave of setbacks and blows, I might never have realized these things. Because the information in our society is basically becoming more and more transparent, you can basically get what you want to learn and know from the Internet. This is the convenience of this era. However, the difference is that people in different stages and situations in life will have very different perceptions of a thing.
Since 2021, I have been trading virtual currencies almost full-time, and I have felt the atmosphere of the bull market. But I didn't grasp that bull market very well at that time. In 2022 and 2023, I also completed the virtual investment profit goals I set for myself, thinking that everything was under my control, and my self-confidence had never been so high. However, it was not until the large retracement on August 5 that I entered another turning point in my life. I saw a lot of things that I had never seen before, or if it weren't for a large retracement of profits, I might never see these things, or even if I saw them, I would not have such a deep understanding and cognition. So, when I make a record high profit again one day, I believe I will also thank the market for teaching me such a lesson today. As far as the study of these few days is concerned, I still have the confidence to return to the peak. After all, I know what I need now, and I continue to persist and execute what I need, improve, work hard, and transform!
The above picture is the famous Dunning-Kruger effect, also known as the DK Effect. When we are at the peak of ignorance, we can never feel the valley of despair, because you don’t know what you don’t know, and you are still confidently living and trading in a self-righteous way. Only after experiencing a major setback, when you are pushed into the valley of despair, do you begin to recognize the reality, oh, it turns out that you are so ignorant!
In this market, many people may have entered the valley of despair, but they did not get out of it. Some people could not bear the blow and jumped off the building, some lost their fortunes, and even left the market after their wives and children were separated, and some people cancelled their accounts and went back to work. To become a great trader, I think going through the valley of despair may be a necessary process, but those who have walked out of it have become masters, and those who have not walked out of it have become passers-by. I always believe that only this track can achieve the goals I want.
Life may have already arranged a script for us. If you make a different choice, you may experience a different life. However, no matter what, I found that as long as I want to live a better life, I am not satisfied with the status quo, and work hard in the direction I want, I can always get the ideal answer. So, don't worry about whether you can get what you want in the future. You just need to do well in the present and do the process to the extreme. I believe the result will not be too bad!
Someone asked Jack Ma, if he lost everything overnight, would he be able to compete with today's young people? Jack Ma's answer was that if he started from scratch, he would definitely not be able to compete with today's young people 20 years ago, but because he had 50 years of experience, pain and mistakes, although his physical strength and knowledge structure may not be as good as those of young people, his mentality is worse than everyone else. He believes that every age group must have their own strengths, men should play to their strengths, and women should show their strengths. There is no need to compete with anyone, just show your own strengths. One of the key points of Jack Ma's answer is: 50 years of experience, pain and mistakes, these are all his precious wealth!
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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