I have a very absolute personality; either I don't touch it at all, or once I start, I must do it to the extreme.
Choosing a career in finance means mastering it—futures, precious metals, crude oil, cryptocurrencies. In simple terms, the underlying logic is the same; it's all about the market movement laws at work. Instead of being impatient and just looking at the surface, it's better to spend time thoroughly understanding the mechanisms.
From being penniless to a net worth of hundreds of millions, the time cost isn't actually high; the key is whether the direction is right. Many people overcomplicate investing and end up trapped by their own complex thinking. The core is actually two points: first, choosing the right direction and focusing on research; second, constantly reviewing and learning from your mistakes.
Every loss is a lesson. Those who truly know how to make money are those willing to face failure head-on and reflect frequently. Don't think about getting rich overnight. Keep a calm mindset, do your homework thoroughly, and time will give you the answer.
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HashRatePhilosopher
· 14h ago
A typical survivor bias narrative, how high can the probability of being worth hundreds of millions actually be?
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Alright, I admit there's some truth to the underlying logic being connected, but it's exaggerated.
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That's correct, but it sounds a bit like hindsight bias.
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The key is whether the direction is right, but who can know in advance if the direction is correct? That's the real issue.
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I believe in reviewing mistakes, but only if you live long enough to review them.
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As soon as you open your mouth, it's about hundreds of millions in net worth... Really?
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Calming your mindset is too vague; if it were really that easy to stay calm, no one would lose money.
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I don't deny his logic, but I've heard this kind of argument countless times.
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Absolute thinking in investing is actually quite dangerous; black-and-white thinking can easily lead to failure.
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It's good to have thorough research, but the financial markets don't really have absolute transparency, right?
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MercilessHalal
· 14h ago
This logic sounds smooth, but 99% of people can't do it...
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It's easy to say "understand the underlying logic," but how many can really withstand a few rounds of bear markets?
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From being penniless to hundreds of millions, it all sounds like a story... The key is how many people died along the way.
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I'm not arguing, just reviewing mistakes and facing failures honestly sounds right, but is your mindset really at peace?
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That's why most people in the crypto circle are still buying at the bottom; choosing the wrong direction is more deadly than not trying hard.
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Absolute personality traits, I agree, but the market won't let you off just because you're trying hard.
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It's reasonable but easy to get caught; those who really make big money are often the "casual" idle funds.
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Do your homework thoroughly... Many people do their homework well, but in the end, they still get hammered by black swans.
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Come on, tell me about your worst loss; it will be more convincing.
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AirdropHunter9000
· 14h ago
I absolutely understand this way of thinking, but going from zero to hundreds of millions really just depends on having the right direction? Or is luck also a factor?
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MEVSupportGroup
· 14h ago
I like this logic, but is it really just about having the "right direction" to go from zero to several hundred million? I think we also have to honestly admit that luck plays a role.
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GmGnSleeper
· 14h ago
I agree with this logic, just worried that most people find it easy to talk but difficult to do.
I have a very absolute personality; either I don't touch it at all, or once I start, I must do it to the extreme.
Choosing a career in finance means mastering it—futures, precious metals, crude oil, cryptocurrencies. In simple terms, the underlying logic is the same; it's all about the market movement laws at work. Instead of being impatient and just looking at the surface, it's better to spend time thoroughly understanding the mechanisms.
From being penniless to a net worth of hundreds of millions, the time cost isn't actually high; the key is whether the direction is right. Many people overcomplicate investing and end up trapped by their own complex thinking. The core is actually two points: first, choosing the right direction and focusing on research; second, constantly reviewing and learning from your mistakes.
Every loss is a lesson. Those who truly know how to make money are those willing to face failure head-on and reflect frequently. Don't think about getting rich overnight. Keep a calm mindset, do your homework thoroughly, and time will give you the answer.