In trading, emphasizing that you “have a big-picture mindset” is basically just ignorance. The worse you are, the more you like to talk about mindset. If a relative asks you, “That coin you bought is trapped at -50%—what should I do?” What do most people say? They’ll tell him, “Just wait a bit. Anyway, since it’s already gotten to this point, with an open big-picture mindset, maybe you’ll get back to even by the end of the year.” When you reach the stop-loss point, they don’t dare to face the loss. If they don’t stop out, they dress it up as, “I’m keeping my big-picture mindset open. This time, I’m going to ride a mindset wave. Only with a big-picture mindset can you make big money.” Actually, a big-picture mindset is like a fancy wrapping. You tear it open, tear it open, tear it open, tear it open, and in the end you find that what’s inside are only two words: ignorance. You make a little profit and run—no mindset. You don’t stop out when you reach the stop-loss point. You stop out. No mindset.

For most people, I’ve found that simply standing still means you “have a big-picture mindset.” They don’t even know how long the mindset is supposed to last, and they don’t know why you need a mindset in the first place. In the end, when you ask yourself what you’re doing, they don’t know—but they only know one thing: that their mindset is still “open.”

People like this always have a kind of faith: that some friend held it for how many years, and finally got back to even and even made a lot of money. It’s just like when you see a banner outside a lottery shop that says, “This lottery shop has won over 5 million.” You assume the next person to win 5 million is you, and you go crazy buying tickets from that shop.

If you really have a big-picture mindset, you should stop out on time. You should follow your own discipline—that’s what having a big-picture mindset is. #区