Most Vietnamese people are thinking incorrectly about stocks and cryptocurrencies.
We often use the word "play" instead of the two words "invest."
When you bring a playing mentality to the stock market or cryptocurrency, you carry the mindset of a gambler. The mindset of a gambler is about luck, chance, and an all-or-nothing attitude. With a gambler's mentality, you want to win big right away, to go all in immediately, so you rarely take the time to understand the market, the investments, and often do not have a clear investment strategy or plan.
If you adopt the "investment" mentality from the beginning, over time you will gradually become an investor with a wealth of knowledge, with the style and mindset of an investor. And if you stay in the market long enough, you will be a professional investor, able to predict trends, analyze cash flow, and understand how the market you invest in specifically and the financial market in general operates.
So, abandon the gambler's mentality from the market, and adopt the mindset and demeanor of a true investor. And then you will see yourself achieving wonderful results if you are persistent enough.
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