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Yesterday I was chatting with someone.
They didn't understand why Xiaoxia bought a 70 million RMB house and asked me, "Didn't you guys try to persuade him?"
I said that those who have made a lot of money have a strong sense of self. Precisely because they have this self-awareness, they make their own decisions and don't listen to others.
And ultimately, those who have made money are even less likely to listen to others. Everyone is independent, thinking and making their own decisions.
Take Hua Zi, for example. Don't even mention us; so many people around him advised him, why didn't he take his losses? It's the same principle.
So, if you want to make money here, you must first be an independent person, making your own decisions independently, not listening to anyone.
Be self-reliant and arrogant.
Many people want to join this group today and that group tomorrow, looking for mentors today and others tomorrow.
How can they possibly make money?
Have you ever heard of anyone you know who has made a lot of money by joining other people's groups? Everyone does it by being themselves.
If you make your own decisions and lose money, at least you can reflect on why you lost. But if you listen to others and lose money, you end up blaming them for exploiting you.
In a wolf pack, there's only one alpha wolf. The alpha wolf won't join any other pack because it can form its own.
With a trading success rate of less than one in a thousand, the only thing you can do is be the alpha wolf.
A wolf that listens to others is not only not an alpha wolf, but even a dog.
This is a cognitive psychology paradox: the Dunning-Kruger effect. True experts understand the complexities of the market and make cautious decisions; while novices, unaware of their own limitations, are prone to blind confidence or following the crowd. Independent decision-making presupposes "knowing the limits of one's abilities," which is more important than mere confidence. Xiaoxia and Huazi may both be stuck in the stage of "unconscious incompetence."
Take it, I'm a dog.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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