He started investing with $5 at the age of 14, earned $1,000 at the age of 15, $10,000 at the age of 21 (equivalent to $260,000 now), $50,000 at the age of 24, $3 million at the age of 30, and more than $100 million at the age of 52 (the fiscal revenue of country M was only $4.2 billion that year). President Wilson personally summoned him, and J.P. Morgan, the richest man in the United States, begged him to let go of the stock market.

He is the greatest stock and futures trader of the 20th century in country M - Jesse Livermore.

A genius boy who went bankrupt twice in a row but made a comeback

……

This is the opening introduction of Livermore, the author of "Memoirs of a Great Stock Dealer".

After reading this short introduction, Xiong Zhen was excited and excited like a flood that broke the embankment, pouring out of his heart with a mighty and loud bang.

direction, the direction of future struggle.

It took three days for Xiongzhen to finally finish the entire book. The mood at this moment can only be described as surging and boiling blood.

The book was like a guiding light in the long fog that guided him to find his way forward.

When I saw Uncle Long again, it was already Saturday morning.

Uncle Long sat upright on a large rock, and Xiongzhen accompanied him.

"Ah Zhen, today I will officially teach you the technique. Uncle Long pointed to the pile of rocks and said.

"Okay teacher, I'll remember what you say. Xiong Zhen nodded, the joy in his heart was self-evident.

"Before, I asked you to look up information on the Internet, starting with the most basic stock knowledge, how have you learned?" Uncle Long's voice was calm and unquestionable.

"Well, some of the most basic stock knowledge has been learned. Xiong Zhen looked at Uncle Long, saw that he did not interrupt, and then continued: "Shares are part of the ownership of the joint-stock company, and they are also the ownership certificates issued, which are a kind of securities issued by the joint-stock company to various shareholders as shareholding certificates and to obtain dividends and bonuses in order to raise funds......

"Stop!" Uncle Long suddenly interrupted Xiong Zhen's endorsement-style recitation, and said sharply: "I'll tell you what stocks are, stocks are just pieces of waste paper." ”

Xiong Zhen was startled by Uncle Long's voice, he scratched his head and tilted his head to look at Uncle Long: "Isn't there a dividend in stocks?

Uncle Long glanced at Xiong Zhen and didn't explain too much. He picked up a stone marked with the number 10,000 from the ground, and placed the stone in front of Xiong Town: "This company is currently worth 10,000 yuan, and in the past 10 years, his annual profit has increased by an average of 20%, and the annual dividend promised is 500 yuan, and now you are willing to spend 10,000 yuan to buy it?"

Bear Town calculated, 500 per year, then 20 years to return to the capital, and every year the profit continues to increase, just like a hen that can lay golden eggs, steady profit without loss.

Without thinking too much, Xiong Zhen nodded affirmatively and said, "I will definitely buy it." ”

Uncle Long stopped talking, only to see him pick up the stone and suddenly smash it to the ground without expectation, only to hear a "bang", the whole stone shattered in an instant, and the gravel was scattered all over the ground.

Xiong Zhen looked at Uncle Long dumbfounded, his mouth trembled slightly, he pointed to the broken stones on the ground and asked, "Uncle Long, what are you doing here?"

Uncle Long smiled, his face full of pride: "Now, all the stones you bought for 10,000 yuan have been smashed into it." ”

Xiong Zhen seemed to have realized something, and stood where he was without speaking, as if he was thinking about something.

Uncle Long picked up the broken stones on the ground one by one: "Just now it was called a change of face in performance, many stocks that seem to have good performance, high dividends, and extremely strong dividends, sometimes they change their faces." ”

Then, Uncle Long dug the piled up stones in front of Xiong Zhen again: "Now, this pile of stones is worthless, but I see that you are pitiful, in order not to let you lose all your money, I plan to buy it from you at a price of 1,000 yuan, can you sell it?"

A hint of surprise flashed on Xiong Zhen's face, and his brain began to work, if something went wrong with the company, the performance declined rapidly, and there was a risk of delisting in the future, such a hot potato, the sooner it was taken off, the safer it was. So, Xiong Zhen replied categorically: "Sell." ”

After Uncle Long collected all the broken stones he picked up, he picked up a big stone marked 100,000 yuan from the side, he pressed the big stone on the pile of broken small stones, and then asked: "Now, this pile of broken stones plus this big stone, I sell it for 150,000, do you buy it?"

Xiongzhen stared blankly at the large rocks and small gravel in front of him, and his brain fell into a daze.

Buy? Don't buy?

Xiong Zhen has never been able to pay attention to it.

Uncle Long sneered, and then asked, "Now I sell this pile for 160,000, do you buy it?"

Beartown remained silent.

"180,000, do you buy it?"

Silence continues.

"Will you buy 200,000 yuan? Let me tell you, this pile of stones will rise to 300,000 yuan in the future, and if you don't buy it, you won't be able to buy it." ”

Xiong Zhen's hands trembled slightly, and the desires in his heart began to end. After hesitating for a long time, he finally gritted his teeth and said, "I bought it." ”

A touch of cunning appeared on Uncle Long's face, and he pushed the pile of stones in front of Xiong Zhen one by one: "Now, these things are all yours." ”

Xiong Zhen looked at the pile of stones, his eyes were glazed, and it took about 1 minute for him to react, and he slapped himself on the head: "I was fooled, and I bought another pile of waste paper!"

Uncle Long turned around and sat down cross-legged: "This is called restructuring, and many stocks with poor performance will also seek a way to resurrection." ”

Xiong Zhen seemed to have an understanding, and his mind was still in the state of trading just now. He kept reflecting on why he did those irrational buying and selling behaviors.

Uncle Long continued to ask, "Do the math yourself, how much money did you lose in just a few transactions?"

Xiongzhen had no time to care about those losses at the moment, and his mind was constantly thinking about every detail of the transaction. After a long time, he finally came to his senses, and then blurted out: "It's greed and fear." ”

Uncle Long nodded approvingly and said, "The understanding is good, and the children can be taught." ”

Xiong Zhen kicked the pile of stones away one by one, and said to Uncle Long, "Teacher, I understand." I didn't have my own opinions on all my trading behaviors just now, and I was completely misled by external information. In fact, I can't calculate the true value of these companies at all, and judging by the performance and the information released, it is impossible to make the right investment decision. ”

Uncle Long nodded in agreement, and he grabbed the big stone on the ground again: "First of all, we are not the management of the company, so it is impossible to know the company's operation, and most of the information leaked from the outside world is a smoke bomb. So, since you don't know the actual situation, but you have to make an investment decision, the only way is to judge from a combination of past trends and current trends. ”

"How do you judge?" Bear asked.

"In my more than 20 years of investment career, there are only three valid indicators: volume, candlestick charts, and handicaps. ”

Xiong Zhen scratched his head and said embarrassedly, "But teacher, I haven't learned any of this yet." ”

Uncle Long patted Xiong Zhen's shoulder with his hand and said with relief: "Don't worry, you are only in your second year of high school now, and there is still more than a year before the college entrance examination, and I will teach you everything I can during this time." ”

Xiong Zhen looked at the kind old man in front of him gratefully.

……

Time flies, and a year passes.

In the past year, Bear Town's theoretical knowledge has reached the point of pure gold.

He has read a lot of so-called stock market experts on the Internet, although the things they talk about are one set and the same, but they are full of loopholes, and many theories may not be as good as his own.

The only thing missing now is a start-up capital, and he believes that as long as he has the first trading capital, he has the ability to make it snowball.

As usual, Bear Town once again came to Uncle Long's residence under the bridge.

However, the place suddenly became empty, and everything except for a tattered tent was gone, including Uncle Long's underwear and luggage.

Xiong Zhen looked around, and he hadn't seen Uncle Long for a long time.

He walked to the tent, but found a black plastic bag, driven by curiosity, Xiongzhen opened the plastic bag, and was instantly stunned.

He looked fixedly at the plastic bag, full of stacks of banknotes, red, and unbearable.

Next to the banknote, there is a note full of words. Xiong Zhen opened the note and read it out in detail.

"Ah Zhen, the teacher is gone, this 10,000 yuan should be regarded as the teacher's investment spent on you......"

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Old Bear Inventory: March 26 Low opening shock

Today's market no longer continues the previous surging upward offensive, but chooses to open low for adjustment.

Han Mo of the book friend group is very susceptible to the influence of stock prices, and as soon as the market opened low, he scolded in the group: "This dog's stock market." ”

I said, "Calm down"

He said: "The white clouds are not moving"

I feel funny in my heart, when the price was good, you chased in crazily again, and now you have adjusted and you have started to scold your mother again.

I said, "What are you going to do?"

He said, "I don't know. ”

I continued, "If you don't know, be patient. ”

In fact, it is impossible for us to predict the specific trend of the stock price, and the only thing we can do is to make a reasonable judgment based on the current trend. Of course, there will definitely be times when this judgment is wrong, so what should we do in the event of a mistake?

Lao Xiong's point of view is: buy the wrong one, just wait patiently. Sold the wrong one, keep waiting.