Is there some taboo for spot silver investment?

What are the taboos of spot silver investment?

"Rage"-Rage will not solve any problems

Investors generally believe that the transaction or investment should be smooth, so in the actual transaction, if they face losses or errors, they are not willing to solve them in time. The aversion to loss is extremely dangerous. If you find a mistake, solve it as soon as possible (stop loss).

"Greedy"-excessive greed will make investors lose more

The inherent greed of mankind will make people blindly convinced that their views are correct. This kind of emotion is likely to cause the loss to expand or the profit to shrink significantly. The so-called buying at the lowest point and selling at the highest point are only theory. Excessive greed is likely to lead to failure to lock in profits in time and cause a series of bad results.

"Lazy"-if you don't care about your money, no one can help you

The investment itself takes a lot of time and energy to succeed. Trading is like taking care of the garden. It is necessary to spend a certain amount of time on research every day. If you are unwilling to research yourself, then the result can only be a loss of money.

"Arrogance"-never think of yourself as the smartest person in the market

When the market goes higher, investors are more prone to complacency, but the essence of trading is probability.

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"Sensual"-excessive pursuit of return will make you pay

The characteristics of the market itself and changes in different stages determine that the market's rate of return cannot be maintained at a relatively high level forever.

"Jealous"-greedy twin brothers

As a trader, there is no reason to be jealous of the success of others. Everyone is willing to tell others about their successful transaction or performance, so what you see is only the best of others.

As mentioned before, the market itself is a matter of probability, and the success of others does not represent future performance. Focus and make your own investments.

"Gluttony"-don't overweight, don't put all your eggs in one basket

Investors who trade heavy positions or even full positions will not survive in this market for long. A successful speculation may bring you a lot of profits, but in the long run, this success is not replicable. Any failure will make heavy traders lose their lives.

Finally, if you can understand the sentiment of most investors in this market and overcome it, then success will not be too far away from you.