The end of making money is' compound interest ', and the bottom line for turning around is' stop loss' Brothers, the cycle is no longer nonsense, let's just focus on practical matters. Chat two words, make money. No, it's four words: compound interest and stop loss. I understand these two things now. It's difficult for you to be poor in your lifetime. You either haven't heard of these two words or you've heard them incorrectly. Thinking about getting rich overnight every day is gambling, not making money. A true money expert has only one knot in their mind: find the effective one and repeat it. This is his mother compound interest. 1. Admit your mediocrity and then copy wildly 99% of innovation in this world is about seeking death, only replication is the way out. The same goes for transactions, the road is simple. The biggest flaw of many people is doing it right once, thinking it's luck, and then turning to look for the next 'trend'. You're so stupid. Think about it, how did Buffett become a stock god? Isn't it just the value investing thing, found it and repeated it for a lifetime? Take a look at those suddenly rising big shots around you, have they all hit a point and been deeply cultivating for several years? Compound interest sounds like a financial term, but it's actually a silly trick. You don't need to use your brain, but you have to put in your heart. The so-called compound interest does not mean putting money in the bank to earn interest. In your life, once you discover a certain action, a certain product, a certain language, a certain thing, as long as it can bring positive feedback, you can earn one yuan. Even if it's small, repeat it to my death. Please repeat it immediately, immediately, and without hesitation. Don't make any changes, don't optimize yourself cleverly, copy it as is for now. Do this action a thousand times, do it ten thousand times. Talent is the fig leaf of the poor, while repetition is the fundamental skill of the rich. Even if this action is boring, tedious, or even appears clumsy. But as long as it works, treat it as your lifeline and fight to the end. Turning one success into ten thousand successes is called scaling. Even if you are just a Shaobing (Baked cake in griddle) seller, if you copy the most popular stuffing formula to the extreme, you will be the king of Shaobing (Baked cake in griddle). This is the way of heaven. This is the opportunity for ordinary people to overtake on a bend. Don't envy other people's pigs on the wind, you have to be the pig that keeps digging the ground, and one day you will be able to dig out your own gold mine. Bullish ability is nothing more than turning a simple thing into a habit. 2. Even if your heart is bleeding, you should throw away the garbage Just being able to step on the accelerator is not enough, you also need to be able to step on the brake. This is stop loss. What is more terrifying than 'not knowing what to do'? It's "his mother persistence even though I know it's useless". This is simply self inflicted and self destructive. This second point is more difficult than the first point because human nature is inherently inferior. We always have illusions about the efforts we have already put in. There are too many people like this. Just like in trading, even though the stop loss level was set in advance, the moment the order fell below the line, I panicked - I always thought that "if I hold on for a while, I will rebound", stubbornly holding onto the position with floating losses and refusing to cut. In the end, it dragged from a loss of 5% to a loss of 50%, and even directly liquidated, putting all the principal that could have been saved into it. This is not competing with the market, but struggling with my own money; A project that has already been proven to be losing money, but is unwilling to accept it, always thinking 'what if?', only to end up losing more and more. A relationship, the other person is clearly a scumbag, but unwilling to let go, always thinking 'he will change', resulting in being hurt to the bone. A terrible job, working overtime every day without any money, I just dare not quit, always thinking about "enduring it again", and as a result, I have exhausted my body and enthusiasm. Brother, wake up a bit! Your time, energy, and money are your most valuable assets, not meant to be fed to dogs. Timely stop loss means that you quickly extract these valuable assets from those ineffective and consuming troubles. How to smoke? Just two words: review. Every night, before going to bed, don't brush Tiktok. Take a notebook or memo, Just write three things: What did you do today? What makes me feel particularly satisfied and accomplished? (This is effective, continue working tomorrow) What makes me feel particularly foolish and a waste of time? (This is invalid, stop immediately tomorrow) When I first started reviewing, I was startled. I find myself spending at least 4 hours a day doing meaningless things. For example, arguing with people about some unresolved issues, such as repeatedly refreshing an app that is not important at all. Find them and quit one by one, like quitting drugs. Find the invalid one and terminate it. This action is more important than doing a hundred right things. Stop loss is not about giving up, but about starting smarter. Growth is not only about how many new things you learn, but also about how many old burdens you finally dare to throw away. Reviewing is not about making you cry and regret, it's about making you see where you went wrong and then cutting off this piece of rotten meat to prevent it from infecting your whole body. Real stop loss is the highest level of self-discipline for adults. The world is simple, it's a game of 'effective repetition' and 'ineffective termination'. The end of making money is to find a profitable action and repeat it ten thousand times, which is compound interest. The bottom card for turning over is to cut off all the bad things that consume you and keep your life, which is stop loss. The greatest truths are the simplest. Life is a filter. Keep useful things and repeat them to the dead; Eliminate the useless and clean it up in the dead. One adds value to you, and the other saves your life. For young people, applying this' screening logic 'to assets, The most reliable choices are to invest in BTC and gold regularly ——This is not following the trend of cryptocurrency speculation, but a safety cushion saved for oneself in the future after seeing the long-term depreciation trend of fiat currency. The decentralized nature of BTC can counter the risk of central bank's indiscriminate issuance of currency; Gold, as a millennium hard currency, has always been a ballast for safe haven and inflation resistance. You don't have to constantly monitor the market and guess its ups and downs, nor do you have to worry about "buying at the highest point". Every month, you can invest some idle money in fixed assets, essentially applying the logic of "compound interest" to assets, using time to resist fluctuations, and using fixed investment to avoid timing risks. This is the correct way for young people to bet on the depreciation of fiat currency - not on short-term profits, only making money based on "time+trend". Brothers, stop being so busy and don't overthink it. Go ahead and do it~