Snowballing

1. The gap between people isn't widened by a few major decisions, but by long-term repeated small choices, small habits, and small environments, compounded like interest.

2. When I first read that line about 'Compound Interest,' my eyes lit up. It also laid the foundation for my daily review habit, which I've quietly accumulated for 1100 days, up to today.

3. For trading, the daily choices are small, but the long-term outcomes are huge. What to eat, what to watch, who to interact with, what assets to buy, whether to review, whether to trade on impulse—in the short term, it seems insignificant, but in the long term, it's a fork in the road of fate.

4. But the hardest part of compounding is the early stage, because you can't see the results. Many people give up before takeoff. The real key is to endure the 'insensible accumulation period.' Reading, exercising, investing, writing, researching companies—they're all like this.

5. If you endure it, you can break out of the cocoon and become a butterfly. No success is achieved without persistence, no accomplishment is gained without effort.

6. Telling you to buy, to buy with leverage when the market is overheated is a crime; telling you to cut losses when it's fallen so much you don't even want to look at your phone is also a crime. Our public account doesn't do that kind of thing.

7. What content you consume long-term, who you communicate with, and what viewpoints you accept will determine your judgment framework. This is especially obvious for investors: long-term exposure to emotional viewpoints makes trading increasingly short-sighted; long-term reading of financial reports, earnings calls, and industry data makes judgment increasingly stable.

8. Everyone should build their own information sources. High-quality information sources are the foundational basis for resisting interference and short-term noise. If you're surrounded by noise every day, it's hard to make the right judgment.

9. Compounding doesn't just help you; it can also harm you. Bad habits, bad debt, bad positions, bad emotions, and bad circles all generate 'reverse compounding.' A single loss isn't scary; what's scary is continuing to add leverage, get carried away, and engage in revenge trading after a loss.

10. Bad habits can also let you accumulate little by little, eventually committing an irreparable major mistake. Do not do evil even if it is small.

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