When it comes to timely stop loss, what do you think of? Is it mostly negative or mostly positive? Our education has always advocated "persistence is victory". Persistence is the key to doing something well, so persistence has become the criterion for measuring a person's success. But I just feel that if you don't know how to stop losses in time, it is meaningless to talk about persistence.
Hello, everyone, I'm Charles, I have a lot of experience with the phrase [timely stop loss] recently, and I would like to share the value and significance of it through this article, if you are also experiencing some When it is difficult to make a decision, I hope this article can provide you with some references in time, so let's start now.Today I hope to share with you the importance and necessity of timely stop loss in three parts. Ignoring one of them will be disastrous. It's not money that matters, it's time.
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invest
The situation of timely stop loss appears in all aspects of life, and the most commonly understood is "investment". I remember that when I first entered the field of investment, I also paid a lot of tuition fees. At that time, I was simply looking for I bought some stocks that I thought were promising and "cheap" to invest in. At the beginning, the progress was not bad, and then the stock price crashed and fell sharply for some reason. I mistakenly think that this can continue to lower the average price, and when the stock price rebounds, I can earn a lot of money. How about it? Do you feel like I'm Too Young...Too Simple? In the end, the company's stock price fell close to [ the status of LUNA currency ], neither dead nor alive. I think people who have just stepped into the investment field should be able to understand my feeling, haha... It turns out that you really need to pay tuition fees when you first start learning investment. In the field of investment, a reasonable stock price is certainly one of the important factors in deciding whether to invest, but it is not the only one. In addition to observing whether the invested field has growth potential, the most important factor in deciding whether to invest is to determine the core of the enterprise itself. The source of profit, if you continue to invest/increase positions without understanding, the final loss is only a matter of course, so it is impossible to talk about when to stop the loss in time. In the process of investment, timely stop loss means increasing the probability of profit.start a business
Image by Gerd Altmann on Pixabay
Speaking of entrepreneurship, I would like to share a little story with you. In 1850, American newspapers published a piece of news that made countless ordinary people ecstatic, that is: a large gold mine was discovered in the western United States . As a result, the most shocking western immigration movement in American history was set off. Many people with dreams of getting rich poured into the western United States like a tide, and this was the famous gold rush in history. At that time, there was a 21-year-old young man , Levi Strauss , who could not stand the temptation of gold and became a member of the gold rush army. When he arrived in San Francisco, he found that he had come to the wrong place. There were too many people panning for gold. At a glance, there was no gold, but densely packed tents. At this time, Levi Strauss made a decision to give up panning for gold from the sand. He no longer followed the trend blindly, but calmed down and thought about "how to make a fortune without panning for gold". So he turned his attention from the sand to those gold diggers. He used all the money and goods in his body to open a small shop specializing in the daily general merchandise of gold diggers. Unexpectedly, he made his first pot of gold very quickly. Once, he purchased a lot of daily necessities and a large amount of canvas for tents and carriage covers. Daily necessities were quickly sold out, but canvas was ignored. At this time, a gold digger came over and looked at the canvas. Levi Strauss thought that the worker wanted to buy canvas, but the other party said: "I don't want canvas, but I want a pair of pants that are as durable as canvas." He immediately understood that the clothes and pants of gold diggers often rub against stones, sand, etc., and cotton pants are not durable. So, with an idea, he made various styles of trousers and clothes with those neglected canvases, and recommended them to the workers. Unexpectedly, the clothes and pants sold like never before. Later, Levi Strauss founded the famous denim brand Levi's .After reading this story, what do you think? If Levi Strauss persisted blindly at that time and didn't know how to make money in another way, he would not have become a legend of the gold rush, nor would the Levi's brand come out.
In retrospect, I remember that when I first started my business, I had a similar experience. I kept investing money and time. The only difference was that I blindly insisted on doing things with little effect, and I didn’t adjust the direction and investment methods in time, which eventually led to my own failure. Life is in a dilemma, and finally reluctantly left. It was also in that entrepreneurial experience that I realized a truth , real persistence is not to do something blindly, but to give up in time, adjust and make trade-offs. Only in this way can the enterprise go further and further on the right road , getting wider and wider.
work to earn a living
What? Do part-time workers also need to stop losses in time? Isn't working part-time only earning but not losing? Yes, even part-time workers really need to be prepared to stop losses in time.A few days ago, a friend of mine was fired mercilessly. He is a very loyal person to the company. As long as the company needs it, he will do it without saying a word. Since the company has been acquired by another company, my friend’s income has changed significantly. I have persuaded him many times that he must prepare for the next road, stop losses in time, and increase multiple sources of income. , but he said that I love the company and the company loves me. In the end, the company really made a change in the balance between investment and cost expenditure. My friend was also fired under extremely unreasonable circumstances, and he instantly became at a loss for the road ahead. Of course, the good news is that my friend is still very young; if you encounter this kind of problem when you are older, what do you think will happen in the end?
Summarize
Many times, it is easy for us to overlook the most important resource in the process - [time cost], do you know your time cost? When most of us are still in the stage of exchanging time for money, the biggest investment cost is our time, so we must be good at thinking and adjust the direction in time. When money is gone, you can make money again, when people are gone, you can chase after them, when time is gone, you are really gone ... During this period of time, I realized a sentence, a person who only knows how to learn new knowledge, but does not know how to internalize the knowledge system People, learning more is futile. Timely stop loss is a kind of wisdom persistence and a rational decision after seeing the reality clearly.If you want to refer to this article, you can click
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