HAZENLEE

Recently, I have been watching "Old Uncle"; the episode about stamp trading should serve as a warning for friends who are interested in financial investments.
No matter what kind of goods and securities with free trading and investment attributes, it fundamentally revolves around the relationship of supply and demand, and is also about human nature.
I have experienced the kind of thinking where my uncle stubbornly holds onto positions, adds to losing trades, and tries to recover losses in the face of market trends in 2018 and 2020, and unfortunately, both times I left the market with huge loss

Recently watching "Old Uncle", the episode about stamp trading should be a wake-up call for the friends who are into financial investments.
Regardless of any goods and securities that have the attributes of free trading and investment, they essentially play with the relationship of supply and demand, and are also human nature.
The mindset of averaging down, stopping losses, and replenishing positions that Uncle has, I also experienced in 2018 and 2020, and unfortunately, both times I left with huge losses.
It was not until I truly experienced pain that I understood the wisdom of Mao Zedong'