Human thinking boils down to two modes: empathy or no thought.

If you have money, you have assets—even if you say you don't have much, and your only asset is a small apartment. It may be small, but it's fully equipped. No matter how modest your assets, you're still a shop owner, and you must maintain a merchant mindset.

You have to think about how to run your business, how to sell, and how to profit. That naturally requires perspective-taking. Even with a small position, a蚊子 leg is still meat (every little bit helps). Retail investors also have accounts. You can't pretend not to consider the demands of your counterparties. Since you're a merchant, a seller, you have to put yourself in others' shoes. You need to consider how many forces are in the market and what each one wants.

The other scenario is that you have absolutely no money—your only asset is the keyboard in your hands. In that case, you don't actually need to think.

Retail investors think every day, yet the money in their accounts keeps shrinking. What value is there in your thinking?

Life and investing aren't so different.

In investing, once you fall out of sync with the rhythm, things get very tough. Your rhythm is out of step with the market's rhythm, so every step you take leads to losses. Losses affect your mood, make you more chaotic, throw you further off pace, and lead to even more losses.

What's the most painful thing in life? It's when every effort you make produces negative feedback. You work hard, get slapped down; you try again, get slapped down again. That's the hardest part.

Rhythm is everything.