Uncle said to Po, "You know the Empire State Building in New York, right?"
It takes 1 hour to run from the bottom to the roof. Jump off the roof, as long as 88 seconds, that's it.
The simple perception tells us that the rate of making money is often slow, and the rate of losing money is often rapid.
Actually, there's a math behind it.
For example, from 100 yuan to 200 yuan, you have to earn 100%. From 200 yuan to 100 yuan, it only needs to fall by 50%.
That's why there's the saying that losing money starts at 100%, and it's the same for everyone.
If it falls from $100 to $50 at the beginning, it is a drop of 50%. But if you want to go from 50 yuan to 100 yuan, you still need to increase it by 100%.
The scariest thing about this game is that every time you lose, the starting point is lowered. Fall 10, rise back about 111％；Fall 20, rise back to 25. And so on, the calculation formula is as follows:
Increase = 1 1 - Drawdown) -1
You can repeat a grade in school, but after the third grade here, you can still go back to the first grade, what a test and toss.
Immediately following the previous sentence,Uncle said again: "If you want to make money from **, you must first learn to lose." ”
Why learn to lose? Because losing will be fast. Therefore, the most important job of my uncle in his daily life is to control risks. Whether it is ** or interpersonal relationships, it is necessary to stop losses in time. Uncle often reminded Ah Bao not to drag mud and water, ambiguous.
Because people will really fall in love with their own opinions, and they will also fall in love with the ** they buy. If you are not firm enough, then if you don't pay attention, you will step on the pit. When in the pit, traders are always wondering when the funds will return to their original highs.
However, the process is often long, requires a lot of patience, and it is easy to get caught up in regrets.
So, all day long, I deduced in my mind - if it was at the highest point, it would be good to throw it, why didn't it throw it?
Just like the author of "Those Things in the Ming Dynasty", Mingyue wrote in the book:
"We know all the mistakes, but we can't get rid of them. What can be changed is called a shortcoming;What can't be changed is called weakness. ”
This reminds me of scenes from various animal world documentaries. Those injured animals, when they can't forget the pain of the past when they hunt the next time, will definitely be timid and difficult to defeat their opponents.
But if you want to live, you must defeat your opponents. Similarly, for traders, they must also learn to "heal the scars and forget the pain" in order to survive tenaciously in this unknown and cruel market.
Perhaps it is precisely because of the weakness of human nature that we can move forward fearlessly. But in order to avoid making the mistake of not being able to turn over, you still have to keep in mind the lessons of every step on the pit.