1: Patience: "Successful farmers will never dig them out every few minutes after sowing to see how they grow. They will sprout and let them grow. "

2. The weakness of human nature "fear": it is easy to stop loss, difficult to take profit, and it is difficult to gain and lose after profit.

3. Solution: Make rules and implement them. A good company buys at a low price and keeps it, regardless of any other factors.

The benefits of patience. Waiting for the right opportunity can increase the possibility of success. You don't have to go to the market often. As Edwin Lovelace said in his classic book "Memories of a Stockbroker", "It is a pure fool who does something wrong anywhere and at any time, and a fool on Wall Street thinks he must trade all the time.

The importance of waiting. Patience is important not only when waiting for the right transaction, but also when keeping the transaction running. Failure to profit from the right transaction in time is the key factor to limit profit.

Maximize the benefits, not the chances of winning. Human nature is not to strive to expand income, but to strive to expand opportunities for income. This shows that we can't focus on the maximum gain (and loss)-this shortcoming leads to our inability to optimize performance. The transaction success rate is the least important in statistical performance, and may even be inversely proportional to performance. A very successful trader discussed the same proposition: "There is a basic concept that applies to playing poker and stock trading. The main purpose is not to win many hands, but to maximize profits. "