Recently, the mindset of most people has been quite discouraged, and Thuan understands why. Thuan does not encourage private investment in anything, but always encourages people to learn about investment in general, as Thuan still believes this is the path to protect assets and improve personal finance.
This year Thuan is 41 years old, looking back at his investment journey, Thuan's biggest mistake was not losing money at 25, but being discouraged, giving up, and ignoring investment for many years afterwards.
Do you know:
🔹 In 2010, who lost a total of about 30K USD in college tuition due to trading forex at the age of 25 ← Thuận
🔹 Then who bought Blockbuster stock to recover capital, only for the company to go bankrupt ← Thuận
🔹 Who felt discouraged and stopped investing for 3 years, right during the golden phase of the stock market ← Thuận
🔹 Who bought BTC under 1K, ETH at 15 USD, but did not sell at the peak of 2017 when BTC was ~20K, only to watch BTC fall back to ~3500k at the end of 2018 ← Thuận
🔹 Only then did I really understand what BTC is and why it remains number one in crypto.
🔹Who did not take profits when BTC rebounded from 3K to 14K USD in 2019 and then saw BTC drop back to ~$5K in 2020 when the pandemic hit ← Thuận
🔹 Who did not take profits when BTC peaked at 63K in the summer of 2021, then quickly fell back to 28K within a few months ← Thuận
Not until the end of 2021 did Thuận truly learn the lesson about taking profits and managing capital.
Everyone makes mistakes in investing, and you will make many more mistakes. What's important is not to avoid all mistakes, but rather what you learn and how you grow from each mistake.
Remember: the darkest moment in the night is just before dawn.
Take care, my friends.
This is a rather interesting article by "Thuận Capital", sharing his past mistakes in investing in general and stating that the most foolish thing was not his losing investments but missing out on 3 years (the golden opportunity) when the market entered its most prosperous time. Later, when switching to Crypto, he also had dozens of times where he was stuck with capital because he didn't know how to take profits 🙅. And finally, there are extremely valuable pieces of advice with the saying: "The darkest moment in the night is just before dawn."
I am a die-hard fan of Thuận, and I really enjoy watching, listening to, and learning about the market 💹. Therefore, during this time of complete discouragement and panic, with the majority feeling discouraged and panicked, running away. But the sharks, whales, or long-term investors understand that the market has cycles, with times of extreme FOMO and times at the bottom with feelings of discouragement and blame. Therefore, although my account is in the red, I am not scared at all.
On the contrary, I am still trying to continue DCA more so that when spring comes, I will have enough money to fulfill my dream of "Traveling across Vietnam" at the age of 25.
