A man set a trap for catching turkeys. He scattered corn in a big box. This big box has a door with a rope tied to it. He grabbed the other end of the rope and hid in a place. As soon as the turkey enters the box, he pulls the rope and closes the door. One day, 12 turkeys got into the box, but 1 escaped. After 12 turkeys were in the box, he wanted to close the door. However, just as he was waiting for 12 turkey, two turkeys came out and he wanted to wait in the box 165438+.

Investors often don't understand the importance of stopping losses as soon as possible. When the situation began to deteriorate, they still insisted on vague ideas and could not objectively analyze the situation. With a gambler's mentality, stick to it blindly and continue to get into deep trouble until it is irreparable. At this time, a balanced mentality is often more important than precise analysis.

If you have longer suggestions, read Memoirs of a Warren, The Stock Market Never Returns, and Speculating Futures.