Advanced investment philosophy by Prof. Adam
5. Improving in Investing: Key aspects of success in the market.
After all this, how to manage oneself? Take notes, friends. The rules of both your strategies and your way of thinking tell us that anything can happen, so make peace with the chaos. The market is a killing machine, the market is a mirror that reveals the man to himself. Control the man within you, and you will master the market.
You don't need to know what will happen next to make money, because there is a random distribution of wins and losses for any strategy. You understand the absolute necessity of rules and principles of success, so you never break them. Every moment in the market is unique.
Do not blame the market. The market cannot betray you. The market simply reveals your professionalism. The market is always right. Do not oscillate from joy to fear, from satisfaction to guilt, from hope to despair. Do not feel anything. There is no shortcut to becoming emotionless.
In practice, it is a complex mixture of deep understanding, instinctive appreciation of randomness, emotional exposure, and meditation on strategy. The real currency of any market is not dollars, but probabilities.
Your strategy is nothing more than a higher probability of achieving your desired outcome compared to another. There are no guarantees for any single transaction. You develop rules, and then rules define the execution of transactions. There is no direct connection between you and the transaction. Rules always sit between you and the market to dictate your actions. It is a guard you must identify and define risk on each transaction, position, or portfolio segment in advance.
You must fully accept and be in agreement with the risk you are exposing yourself to. You act on strategies without reservation or hesitation. You never formulate profit expectations. You simply get what you get as a result of good technique, strategy, and systematization. Therefore, profit is a random outcome and not the goal itself.
But remember the trap of past costs. Remember that the entry price is nothing more than a useless emotional attachment to the past. Only one thing matters: what is your next, best move from where you are?
Finally, remember that you do not make millions by chance, because your life, like investments, is a sculpture, not a lottery.
Finally, I add a link to watch an interview with Adam (interview in English), where he shares his passion, views, knowledge, and experience on the rules and philosophy that guide his approach to both life and investing:
https://rumble.com/v3d5z87-professor-adam-exclusive-interview-the-real-world.html
If you missed the previous parts, you can find them here:
1. Introduction: Fantasies and reflections on investing.
2. Business or Gambling: A critical look at cryptocurrencies.
3. From Amateur to Professional: Managing emotions in the market.
5. Improving in Investing: Key aspects of success in the market.
After all this, how to manage oneself? Take notes, friends. The rules of both your strategies and your way of thinking tell us that anything can happen, so make peace with the chaos. The market is a killing machine, the market is a mirror that reveals the man to himself. Control the man within you, and you will master the market.
You don't need to know what will happen next to make money, because there is a random distribution of wins and losses for any strategy. You understand the absolute necessity of rules and principles of success, so you never break them. Every moment in the market is unique.
Do not blame the market. The market cannot betray you. The market simply reveals your professionalism. The market is always right. Do not oscillate from joy to fear, from satisfaction to guilt, from hope to despair. Do not feel anything. There is no shortcut to becoming emotionless.
In practice, it is a complex mixture of deep understanding, instinctive appreciation of randomness, emotional exposure, and meditation on strategy. The real currency of any market is not dollars, but probabilities.
Your strategy is nothing more than a higher probability of achieving your desired outcome compared to another. There are no guarantees for any single transaction. You develop rules, and then rules define the execution of transactions. There is no direct connection between you and the transaction. Rules always sit between you and the market to dictate your actions. It is a guard you must identify and define risk on each transaction, position, or portfolio segment in advance.
You must fully accept and be in agreement with the risk you are exposing yourself to. You act on strategies without reservation or hesitation. You never formulate profit expectations. You simply get what you get as a result of good technique, strategy, and systematization. Therefore, profit is a random outcome and not the goal itself.
But remember the trap of past costs. Remember that the entry price is nothing more than a useless emotional attachment to the past. Only one thing matters: what is your next, best move from where you are?
Finally, remember that you do not make millions by chance, because your life, like investments, is a sculpture, not a lottery.
Finally, I add a link to watch an interview with Adam (interview in English), where he shares his passion, views, knowledge, and experience on the rules and philosophy that guide his approach to both life and investing:
https://rumble.com/v3d5z87-professor-adam-exclusive-interview-the-real-world.html
If you missed the previous parts, you can find them here:
1. Introduction: Fantasies and reflections on investing.
2. Business or Gambling: A critical look at cryptocurrencies.
3. From Amateur to Professional: Managing emotions in the market.
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