I have a friend who enjoys short-term trading. Recently, he bought Faraday Future stocks and made a 9-fold profit within a day! 60,000 yuan turned into 600,000 yuan. He was extremely excited and told his friends about it. Everyone was envious of him, but I sighed quietly.

Because, in my opinion, he has embarked on a path of speculation with no return. In ancient times, there was a man who saw a rabbit running and hitting a tree, resulting in its death. He went forward and picked up the rabbit, so he waited under this tree every day afterwards. This is the origin of the idiom "waiting for the rabbit to die."

Our past major successful experiences can easily become the guidance for our future lives. His short-term speculation on Faraday Future, which made a 9-fold profit, will be unforgettable for him and is very likely to become the guide for his future 10 years or even his entire life.

With such a "successful" speculative case, he will definitely continue to speculate in the future and will buy other stocks that have fallen to a few cents or even a few points. It is obvious that the risk brought by this kind of blind cat hitting a dead mouse-like speculative experience is very huge. People cannot have such good luck every time, "you have to pay it back sooner or later."

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The king of world speculation, Livermore, likes the speculative model of heavy position and leverage. His big profits each time come from leverage and heavy positions, which makes him deeply believe in this speculative model. But success also comes from Xiao He, and failure also comes from Xiao He. This money-making model made him, but also destroyed him. His speculative life has three ups and downs. Although he was once rich enough to rival a country, he eventually lost all his money.

Why can value investment masters such as Peter Lynch, John Neff, and Buffett hold stocks for several years or even decades? It is because they have had many long-term holding experiences of excellent company stocks, which ultimately made them earn several times or even dozens of times. Such investment experiences have made them taste the sweetness, so they can firmly do value investment for life.

For example, the stock god Buffett has held BYD for 16 years, and the most profit was more than 30 times. Although he sold most of it, he still holds some BYD stocks now. The main reason why Buffett can hold BYD stocks for such a long time is that he has had long-term holding experiences of stocks such as Coca-Cola, American Express, and Bank of America, which ultimately made him a lot of money. So, he can calm down and calmly hold BYD for more than ten years.

First, the experience of two huge investment successes will affect a person's life. I can now be at ease to do long-term value investment because I have had a successful investment experience of holding blue-chip stocks for more than three years in the past, and the final profit was as high as 7 times. Since then, I have slowly started to believe in the power of long-term holding, and the time I hold stocks and funds in my hand has become longer and longer.

In recent years, I have been continuously buying A-shares, and there has never been a real sale. I can be so optimistic and firm in my bullish view, not because of how many value investment books I have read, but because I have had many successful experiences of holding excellent company stocks for a long time in the past, and finally turning losses into big profits.Achieving multiple successes in stock speculation is not a good thing. Just like winning money repeatedly in a casino, it seems to be a joyous event on the surface, but in reality, it is a trap in life. It gives you a wrong guidance in life, making you mistakenly believe that speculation can make a lot of money, and making you think that you have a talent for speculation or even believe that there is a protective deity of fate in the dark.

This friend bought the stocks of Faraday Future, which was on the verge of delisting and even bankruptcy, and although he made a huge profit, this is no different from picking crabapples in the fire. The success of this speculation will tempt him to continue speculating in the long term until he suffers a major loss. I want to tell him: "Speeding is a moment of joy, but an accident can ruin a lifetime." But I know, he definitely won't listen.