Make high-tolerance investments

Author: Liu Jiaolian

Overnight, BTC once again tried to break through the 30-day moving average (85.5k) pressure, and has temporarily stood at 86k. This morning, 3.24 Jiaolian's internal reference "The market is cold and quiet, and the belief is more firm" mentioned that the first quarter Jiaolian private board meeting was held yesterday, Sunday. At the meeting, Jiaolian shared some personal insights, one of which is worth talking about again. This point is the so-called investment tolerance.

What is investment tolerance? The so-called investment tolerance, Jiaolian means that it is allowed to make big mistakes in specific investment judgments or operations, but these mistakes will not have a fatal impact on the success or failure of the investment, but if you make a mistake, you will not lose, and if you make a right mistake, you can win more.

If you can tolerate all kinds of mistakes, even if you make a big and serious mistake, it will not lead to investment failure, which means that your investment tolerance is relatively high.

On the contrary, if there is a small misjudgment in your investment, or an operation is not accurate enough, it may immediately cause you to suffer a major loss and blow, which means that your investment tolerance is relatively low.

To give a simple example, the tolerance of hoarding spot is higher than that of leveraging. If there is a mistake in grasping the point, hoarding spot is nothing more than holding on for a while, while leveraging is likely to be forced to close the position and lose all positions.

You should always examine the tolerance of your investment. Jiaolian often repeatedly examines its positions from this perspective to see if its tolerance is high enough.

If your tolerance is high enough, you will not care too much about the right or wrong of small issues.

Not caring means not being attached. Only by not being attached can you escape from the state of "self-attachment".

In Buddhist philosophy, "self-attachment" is a very important concept. This concept refers to the attachment and persistence to one's own existence. Buddhism believes that it is the root of suffering and the cause of reincarnation, and is one of the core obstacles that need to be overcome in practice.

"Self-attachment" can be divided into several types. Among them, "human self-attachment" refers to the attachment to self-image and views, believing that one's views and judgments are absolutely correct, which leads to troubles and pain.

I often see some lovely readers who insist on arguing with Jiaolian about who is right or wrong. This is actually a kind of obsession.

Is right or wrong really that important? Is Jiaolian right or wrong, or the coach wrong and you right? Is it really worth writing a special message, or even making emotional, fierce or even vulgar comments and arguments?

It doesn't matter at all. It is also completely meaningless.

Of course, the tolerance mentioned in this article of Jiaolian is different from the self-attachment in Buddhist philosophy.

Buddhist philosophy talks about the subjective idealism level, while the teaching chain talks about the objective materialism level. The two are similar in spirit, but not on the same level.

Breaking the ego is about changing the mentality and eliminating pain. And fault tolerance is about allowing mistakes and achieving success.

Obviously, fault tolerance is the basis for breaking the ego. Similar to "the economic base determines the superstructure", the fault tolerance for achieving success brings the strength of not caring about right or wrong, and naturally cultivates a non-attached, peaceful and indifferent mentality.

In other words, how to not care about making mistakes and not being obsessed with right or wrong is essentially determined by whether you can and have the ability and strength to achieve investment success.

And fault tolerance requires you to achieve investment success without requiring or relying on yourself to never make mistakes.

Only by truly making high-tolerance investments can you truly practice the motto that everyone is familiar with:

Failure is the mother of success.