Long-term holding is like changing clothes. 'Demon holding' is shorts and a T-shirt.
Introduction
Long-term holding means changing your clothes according to the season.
'Demon holding' means
wearing shorts and a T-shirt in both midsummer and midwinter.
There is no need to explain which one is smarter 😌
What is long-term holding?
Long-term holding
Be aware of the four seasons
Light clothing when it's hot, a jacket when it's cold
Swap and adjust
according to the economy, interest rates, and performance
👉 Time is long.
But it is not fixed.
What is 'demon holding'?
'Demon holding'
Seasons? Irrelevant
Shorts and a T-shirt in both midsummer and midwinter
Enduring because 'I believe in it'
👉 An endurance test.
More of a test of willpower than investing.
In investment terms
Long-term holding =
holding with the premise of selling'Demon holding' =
praying with the premise of not selling
This is where they are fatally different.
Why beginners get into accidents
Because they are taught that "long-term investment = never sell."
But the reality is this👇
Long-term investment =
constantly thinking about when to sell
So, what about the business cycle?
This is the biggest point of misunderstanding.
The business cycle is👇
impossible to know while you're in it.
You only realize it years later😭
That's why a perfect wardrobe change is impossible.
Even so, the point of changing clothes
Don't change everything at once
Layer up or strip down little by little
Adjust while watching your health (performance and finances)
👉 It's not about prediction.
👉 It's about adaptation.
Summary
Long-term holding is like changing clothes.
'Diamond hands' is just wearing shorts and a T-shirt.
You don't catch a cold
because you lack willpower.
You catch it because you ignored the season.
The business cycle can only be understood in hindsight.
Even so,
the attitude of trying to adapt makes the difference between life and death.
Please invest at your own risk🙏
Thank you for reading until the end🙏