Why can't individual investors control themselves from frequent trading? Actually, brothers, Munger and Duan Yongping have both said similar things—— Munger said, "The Chinese are smart in other things, but stupid in stock trading. They like gambling too much." Duan Yongping said, "Stocks are not gambling The retail investor retorted, "A Duan, you don't gamble because you have money. We don't have money, so we have to gamble He responded, "No wonder you don't have money (The original sentence is not a literal translation, take the main idea) Core logic: Due to a small amount of funds, individual investors' expected returns are amplified—— If the account has tens, hundreds, or even billions of cash, it will naturally become a globalist, allocating assets around the world. In China, only a few companies such as Maotai, Tencent, and Shenhua are considered; I will directly buy Apple and Nvidia, rather than Guolian/Nvidia concept stocks. If the account has millions or billions of funds, it is highly likely to allocate some of the positions to high dividend stocks, track industry opportunities, and plan to hold growth stocks. If the account has millions of funds: it may pick up cigarette butt stocks in the market, explore restructuring opportunities, or bet on trends in high growth industries with high valuations. If the account has 50000 to 120000 funds: the idea is easy to turn into "fighting a bicycle into a motorcycle", chasing the leader, being a death squad on the limit up board, trading chips today, AI tomorrow, and humanoid robots the day after tomorrow. If there is no money or even debt, the idea may be "I will kill flowers after they bloom, dare to laugh at Huang Chao for not being husband", treating investment as a "gambling game". Cruel cycle: The less money there is, the more risky it is - earning 10% -20% with large funds can lead to dominating the world, while earning 20% with 100000 principal per year is only 20000, and retail investors' expectations are often doubled or even multiplied several times. Result: The poorer you are, the more you love to gamble, and the poorer you gamble, the poorer you are. BTC Bull Market Top Escaping Signal Indicator List (Simplified Version) 6-17 The indicators are normal, patiently hold the coins and refuse noise.