Tens of millions of old shareholders lost tears and introspected themselves, and only fools can make a fortune with their capital
The Way of Speculation: The Art of Controlling Goodness and Prudence.
* Like a war, full of danger and uncertainty. However, unlike soldiers who passively accept orders in war, ** makes a person a sage and a general-like figure. On this investment path, every decision must be well thought out and timed. Don't blindly follow the herd and make decisions without thinking. Trading is a process that requires constant practice and is fraught with all sorts of unpredictable difficulties. However, only by overcoming one's own limitations and transcending the ordinary can one reap the rewards handsomely. From this point of view, the key to the ultimate victory is not technology, but the mentality of investors.
You often hear people say that only fools, madmen, and bigots can survive in the long term. If you think back to last year's market, most people were speculating on small-cap stocks and tech stocks. Whether in the group or in the bar, small-cap stocks are worshiped as the god of speculation, while ** stocks, especially in industries such as steel and coal, are almost unpopular. However, some people are holding these large market capitalizations** and continue to add to their positions when the stock price continues**, getting deeper and deeper. In the eyes of ordinary people, what are these people not fools?What's more, they insist on going their own way and don't listen to the advice of others, isn't this paranoia?However, did you see that?Those steel stocks and coal stocks that were once hedged have now become big **, and the price limit has risen overnight, and those madmen, neuropaths, and paranoids at that time have all made a lot of money. That's what it is, and it requires us to stay out of it, because that's the only way to survive in this market. They put survival first, believing that windfall profits are unsustainable and long-term compound profits are. This success can be replicated.
For example, I made nearly 500% of my investment through consistent and steady investments. In the short term, this number is not high, as many shareholders multiplied their money tenfold in the two years between 2005 and 2007. However, from a solid return perspective, this figure is quite impressive. I have a student's sister who is an example of this. She lost her way in the 2008 stock market crash and ended up returning half of her money to the market. And my biggest hedge** only fluctuated by 30%, and it was during a prolonged bear market from 2000 to 2005. At the peak of my earnings, I made over 400%.
I prioritize risk control. I'll only **fall to the target I set**, and it has to be in the lead**. I put risk control in the first place, and usually choose ***30% or even more than 50% to meet my needs. It was because of such a simple investment principle that I managed to avoid all the big falls.
In addition to the above investment principles, I usually choose some commonly used trading techniques to guide my trading, such as buying stocks, 3-wave and 5-wave stock picking, head and double top selling point techniques, etc.
* Not easy, challenging and risky. However, we can master certain skills and methods through continuous practice and summarizing experience, so as to avoid risks and obtain long-term stable returns. The most important thing is that in the investment process, we should take patience as the main mentality and calm observation as a necessary condition. In addition to knowing how to make money, we also need to be clear about what not to do. This is the key to investing and the key to a stable return. The speculative market is not a casino, but an area of investment that requires careful and prudent operation. Only by mastering the right methods and mentality can we be invincible in this market. Therefore, speculation is an art of control and prudence.