Reflection and self-correction
Almost Chinese New Year,and I go through my ‘本命年’,peolple say in that year,you will have bad luck.Not that good,but not soooo bad,I cross my second ‘本命年’ .Wait for a promising year.
Look back 2020,it was a learning year.One lesson I learnt is :Don’t be stubbornness,try reflection and self-correction.
Now let me explain it.
In different markets,the best way to achieve is not all the same.The way you play in Chinese stock market is far from in USA stock market.The same to Crypto,Goods,early investment(VC).
Oneday I think one question : what if Livermore and outstanding Turtle traders live now,what they will do?If they still do what they did ever,they lose the game.But I don’t think they will lose in this game even now,cause Livermore is legend have reflection and self-correction ability(I remember his career from scalping finally at trend trade).
So the most important thing is reflection and self-correction,and conclude methods which is adoptable to the new market to win.I saw this person quality in Paul Tudor Jones II and Stanley Druckenmiller.Especially Druckenmiller,he said he know nothing about Bitcoin,but still buy and earn a lot.
So now,I never mind the way I use is comply with what I read and learn.Just for win,all new methods are fine.