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Mastering market cycle - Coggle Diagram
Mastering market cycle
wrong perception:
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when price is high, everyone is buying, increase risk tolerance, price is high and risk is high
when price is low, everyone is selling, then buying is low risk!
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word of wisdom
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when there's nothing clever to do, the mistake lies in trying to be more clever.
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sin of investment: exit during downtime! investor overtaken by the fear of loss, superior investor think of risk of missing out instead.
Superior investor doesn't come from buying high quality asset, but from buying when deal is good, the price is low, the potential return is substantial on risk is limited.
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system for investment:
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- Aggressiveness/ Defensive
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