Chapter 73 [Wisdom of Stock Trading]

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[James’ Origin and Today] Chapter 73 - [Wisdom of Stock Trading] (10/12/2023)

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.)

Seize the opportunity

money management

Emotional control

Four stages of learning (you can definitely survive after graduation):

ㄧ. Reckless stage: (Tao Tingtu said) 80% died here.

2. Exploration stage: (Read a lot of books and know how to stop losses.) Always stop losses. I have done all the futures and options that can be traded in the market, but I still lose money.

3. Risk experience stage: You don’t understand the risk until you lose a lot of money and can’t eat or sleep.

4. The must-win stage: well-founded. Making money is inevitable. There is no sense in making money for losses knowing what you are doing (clearly). There is no pain in losing money and no excitement in making money! Take it for granted.

in the market

You can make money after ten years

Twenty years of experience and value

Stay extremely rich for thirty years

Successful investment can definitely make money in the end (no tricks).

If you learn on your own, it is not easy to become a successful investor. Ten years is the minimum (many people died on the beach).

Our long-term index investment, autonomous driving, is very boring, but there is no need to go through the arduous process mentioned by the author (relative to self-learning and groping for safety, the number of deaths is relatively small).

Investors understand the difference and choose whether to drive manually, autonomously or semi-autonomously. This is a personal lifelong self-decision.