The first stage is the painful period, where investors often rush into the market without sufficient understanding and analytical ability, crossing the cognitive stage and directly entering the practical stage. This is very dangerous, and many new investors make continuous operational mistakes during this stage, resulting in significant losses on their books and feeling heartbroken. Unfortunately, such situations are often unavoidable.
In the second stage of learning, after the first stage, investors realize the importance of analysis through repeated failures and mistakes. They temporarily slow down or simply stop their operations and begin to strengthen their knowledge. They try to improve their analytical skills through various channels such as books and consulting to change the situation of frequent losses in the past.