![Chapter 73 [Wisdom of Stock Trading] Chapter 73 [Wisdom of Stock Trading]](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0079-cover.png&w=3840&q=75)
This is a lifetime summary of stock trading written by a person who has been stock trading all his life. There are different ways to invest, and in the end you will know that you can make money in the market! (You can graduate.) Master the timing, money management, and emotional control. The four stages of stock trading (you can definitely survive after graduation): ㄧ. The reckless stage: (Tao Tingtu said) 80% will die here. 2. Exploration stage: (Read a lot of books and know how to stop losses.) Always stop losses and do all futures and options that can be traded in the market.

![Chapter 72 [Instructions on buying index without operation and never selling] Chapter 72 [Instructions on buying index without operation and never selling]](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0078-cover.png&w=3840&q=75)
The description of what we call buying an index, not operating, and never selling, is as follows: ㄧ. Buying an index means that there will never be any problems with the target we choose. So you can never sell it. You can buy it anytime, if you have money. 2. Always hold index funds and never sell them. Unless you need money, sell as much as you need. 3. Don’t operate, that is, don’t think that the market has risen too much, so you want to sell high, wait for the low point to buy back, want to sell high, buy low, or buy low, sell high, and earn the price difference. In the end, it usually turns into chasing.


The market's lowest point will not appear until the event has completely passed. The market's lowest point usually occurs when the event is the most terrifying and when investors are the most fearful. When the United States (3/16/2020) declared COVID-19 a national emergency, investors entered the most panic period and the market reached its lowest point. Investors should not panic now, but should be brave to have such a good opportunity.


This is the advice we give you in October 2022, the scariest time at the market's lowest point. I hope that everyone can look back and imagine the situation at that time and the current market has risen by about 40% from the low point. If we go back to the most fearful time at that time, if the market happens again (it will definitely happen again in the future). What is the most correct thing to do? Sell? Buy? Still as motionless as a mountain? 1. Stick to long-term investment and never sell. 2. In the past ten years (from 2009 to 2021

![Chapter 69 [Three Questions about Investment] Chapter 69 [Three Questions about Investment]](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0075-cover.png&w=3840&q=75)
Question 1: I see that SPY/QQQ, etc. are at high levels recently (2019). Should I buy an ETF with high dividends and low volatility such as VYM when entering the market? Because the market is already at a high level now, the next correction should be very strong, right? Answer 1: We cannot predict the market! Some people claim to be able to predict the market, but we admit that we are not. You can invest in SPY, QQQ, or VYM, but what you need to consider is the long-term return.


All market fears will pass! Long-term investors, keep an emergency fund and the rest. Be greedy when you are most fearful. Don’t read the financial news, and don’t listen to the news! All information is harmful to long-term investment! Only buy and hold! Never selling is the only way ordinary people can make long-term investment profits. Although investing in a downtrend for the long term may seem clumsy, investing is about long-term performance. The market continues to move forward: none of the views will have a long-term impact on the market
