I also followed the boss's stock picks, sold Jingtai at around 14, and lost a lot by adding positions at high levels for the small rocket, but I was sober enough to stop in time and have been slowly recovering recently.
Afterwards, I summarized a few points: staying sober is very important!! Preserving capital is very important!! Learn to restrain greed, don't just gamble because you envy others' high returns!! Earn the money you deserve.
Thoughts triggered by a question
At first glance, it seems a bit presumptuous, but upon reflection, it's indeed a profound question: although data shows that most active investors underperform SPY in the long run, even some fund ETFs, many still enthusiastically pick stocks themselves. So I asked AI, and this is the answer AI gave me: the psychological need for a sense of control—people naturally want to take charge of their financial destiny, and active stock-picking provides a sense of satisfaction from "making decisions"; overconfidence—many investors believe they can identify undervalued stocks...
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