Take a picture of the New Year's flavor
Stick to what you decide, don't hesitate, don't doubt. This is especially true of the road to investment.
If quantitative investing is trapped in failing to tap into better factors, then subjective investing is trapped in countless doubts and waiting.
Investment lies in the grasp of opportunities, when there is an opportunity, there may be a signal for many varieties, long and short cycles, and you are busy. When you don't have a chance, you may be empty for a long time, like an idler.
For example, if you work in quantitative hedging, you will have a conservative return of less than 100 per year, and if the market is good, you can still have a good return on your own or your own investment. And if you choose to do it yourself, this income is gone, and the opportunity cost is here.
The important thing is to figure it out for yourself, take the pros and cons, and what you are most afraid of is that you want and want.
I have a friend who is just in his early 30s, earns a lot of money, and thinks about retirement, his investment income is also very high, and he has not worked for many years, but God appreciates food, and has not been in contact with ***, but he can write a very good strategy, and his performance achievements have beaten many old people.
And I'm still executing, writing strategies, and thinking about how to optimize strategies and myself. We took two routes, he was not willing to give up his job and start his own business, he thought that it was unnecessary to make money, while I, on the contrary, preferred freedom.
If you want to live a life of idleness and worry about investment failure, and the opportunity cost of losing is good, this will only bring you pain.
If you want to expand your territory and gallop on the battlefield, then take Wu Hook and never look back; If you want to return to the mountains and forests, then you can indifferently look at the world, weed and plough the land, and cruise in the depths of the peach blossom source; We don't interfere with each other, we don't envy each other.
Choose a variety, there is a signal, go in to open a position, just hold a position, it may not fluctuate in the short term, not quickly out of your cost area, or even soon float loss, while another variety is out of the signal, and at the same time quickly out of your signal level, soon have a large expected return. Don't be anxious, don't be annoyed, don't blindly chase orders, and keep the clouds open and see the moon. Most of the time in investing is waiting, holding positions. The moment a position is opened, or the moment a position is closed, there is no excitement or anything to look forward to.
In the words of my friend: Isn't the joy of trading the process of writing strategies and positions? What else can bring happiness, there is no joy in opening and closing positions.
The speed of the variety out of the signal is caused by market information or capital driven, and theoretically there is a strategy to deal with, just like the event-driven strategy of the first class, but chasing the rise and killing the fall and frequent stock swaps is not an optimal strategy.
Exogenous drivers are not strategies that can be easily accessed by ordinary people, and most people should be driven by internal drivers to drive self-generated signals.
It takes time for each variety to get out of the earnings, just like everyone grows fast or slow, don't envy Wei Shen, there are very few prodigies, there are few, you go to struggle with why your competition questions can't all be right, it can only bring pain, you strive to be able to take the 985 test It's good, if you are very good, you can take the Peking University exam, you don't have to use Wei Shen's way.
Investing is the same, you just have to be able to make money, don't envy 300 times a year, it is possible that you can too, but you need chance. It is a false proposition to become famous as soon as possible, most people cannot escape the fate of accumulation, the scene of a wealthy son falling in love with a little girl in the countryside, and the fantasy of changing his fate overnight, can only be seen in Shuangwen, reality does not exist.
Therefore, it is necessary to accept the long flow of life, continuous progress, continuous execution, and continuous repetition, which is the essence of investment. Accept yourself, accept your life, accept the lows and highs, and when the opportunity to go crazy comes, accept it calmly.
Finally, I recommend a few books that are very beneficial to my investment, learning is inevitable for investment success.