Novice Stocks: Overcome Your Weaknesses &Nbsp; Sharpen Your "Axe Handle".

Novice stocks: overcome your weaknesses and sharpen your "axe handle".

When I reread a book not long ago, a story still gave me some insights.

The story is about Su Dongpo's experience: when he was young, Su Dongpo liked to travel around. When he came to a Taoist temple one day, he saw an old man wearing an axe. What surprised him was that the old man did not grind the axe, but the handle of the axe.

Su Dongpo asked the old man inexplicably: "why do you wear the axe handle?" the old man laughed and said, "many times, it's not the axe, but the handle of the axe."

Many years later, when Su Dongpo experienced the vicissitudes of life and the ups and downs of officialdom, he really realized the meaning of the old man's words.

Of course, I am not as smart as Su Dongpo and I am not so rich in life experience, but I can still get some inspiration from it. "To do a good job, the first thing is not to find a sharp weapon, but to sharpen our mind. Let the axe handle in our own hands become a tool for commanding axes, and do not let it hurt us."

We must admit that human nature is weak in itself, such as greed, fear, and drift with the tide.

From a certain point of view, it is often these "axe handles" that can hurt you, that is, these seemingly human weaknesses that can be grasped.

It is possible to introspection and do a good job of "grinding the axe handle" and dispassionate and objective analysis.

Chinese

What I have said to Peter Lynch is fresh: "the key to making money in the stock market is not to be scared away."

In fact, the adjustment of the market is no longer normal. "The relationship between successful investors and market fall is just like the relationship between Minnesota residents and winter. You know it will happen and you are ready for it."

The stock market is going up and down. Investors' mentality can't rise and fall. After making the basic judgement, it may be a smart choice to stay away from the market.