Next, the students all listened to Li Bai's speech quietly.

"When fundamental analysis methods fail, many investors begin to resort to technical analysis methods."

"It can be said that it is hard to practice skills, but for most stockholders, it is repeated defeats, which is the distinctive feature of fourth-level stockholders"

"After hitting a wall in value analysis, the fourth-level shareholders began to realize that only by constantly improving their skills can they be invincible, so they began to work hard and strive to learn various knowledge and operation skills."

"I became obsessed with studying technical indicators or some kind of technical analysis method, what MACD, what KDJ, etc. are very familiar to mention. Even some investors often observe more than 20 indicators before making trading decisions, but most of the time they can't do well in stocks, why? Our ancestors have a saying, called 'greedy more than you can chew'! ”

"It can be said that the fourth-level shareholders have worked hard to practice their skills, but the result is repeated defeats! Most of the indicators are half-understood! Although I began to gradually have my own understanding of the stock market, it was not very clear and not very accurate. ”

"Some fourth-level investors just understand a few technical analysis indicators, patterns or methods, of course, they are often in a state of half-understanding, they think that their wings have been hard, they think they know a lot, and they begin to like to be good teachers and like to comment on stocks, because there are many components that are taken for granted, so the success rate is not high. Still losing money!"

"It's mainly because I don't know a little bit about it, and it's worse to know a little than not to know! In the stock market, half a bucket of water is dangerous! ”

Zhang Yuanyi nodded silently in his heart, and his classmates were listening quietly, silently.

"At this stage, some fourth-level stockholders are easily misled by some theories, not that there is a problem with the theory, of course, there are discrepancies between the theory and China's stock market, this is certain, what Gann Theory and so on, and it is not based on your experience in China's stock market, but most of the fourth-level stockholders are addicted to some theories and ignore the reality of China's stock market, so they have fallen into the outside world."

"For example, if you are obsessed with Gann's theory, you think you understand it after reading it, but you don't really understand it, so you think you are Gann second, and after reading Peter Lynch's theory, you think you are Peter Lynch's successor, and after reading the wave theory, you start to indulge in several waves, but how can the stock market be stereotyped? The stock market is always changing. ”

"You do the same, you don't hit the wall? We must remember what our ancestors said: 'Orange is born in the south for orange, and born in the north is orange'! ”

"I just mentioned that the fourth-level investors also said that they are addicted to indicators, or superstitious about a mysterious technical indicator, or addicted to K-line combinations, such as what bottom-copying and escaping technology, what three little red soldiers, three crows, what yang is yin, yin is yang, but what's funny?"

"Often from the back of the time to buy the bottom but according to the technical indicators prompted to sell, when the time to escape the top but buy, buy and fall, sell and rise, repeatedly slap in the face, slowly, the fourth-level shareholders feel that the dealer and the main force are against themselves, that is, with their own thousands of dollars, tens of thousands of dollars as if they can't get by, Sensei is depressed!"

Many students in the audience nodded their heads and had a deep understanding of this.

"The result is still a repeated hit in the stock market, so much so that in the end, even the fourth-level investors themselves doubt whether the technical analysis method of the stock is still effective."

"Does it work? I ask you, do you think it's useful? ”

Some students shook their heads, and some students nodded.

"Of course it works! But why do many technologists learn from it, but in the end, they wonder if the technical analysis of stocks is useful? ”

"Why is this happening? Because it's too superstitious about technology! 'It is better to believe in a book than to have no book!' You must know that the accuracy of technical indicators is only probable, and it will always lag behind the market. It's not that technical indicators are useless, they certainly work, but you can't be superstitious. ”

Li Bai asked and answered himself on stage.

"The operation at this time, sometimes short-term, sometimes long-term, tried various methods, sometimes earned, sometimes lost, often on a roller coaster, in the end it is rich on paper. The more I know, the less and less money I have, and the less and less confidence I have. ”

"Trying to predict the market with a certain technical indicator or a certain technical analysis method is simply a false proposition! If you're hoping to turn this impossible thing into reality, reality will of course always make your efforts in vain! ”

"The result of this stage is either to reach a dead end and fall into the outer way, or to completely despair of technology and become the uselessness of technology."

Li Bai said so much in one breath, paused, took a few sips of tea, looked at the contemplative appearance of the classmates in the audience, took out a cigarette from the cigarette case, and lit it.

"Level 5 shareholders, maybe the vast majority of shareholders will stop here"

Li Bai couldn't help but sigh when he said this.

Forehead...... Hearing the lamentation from the mouth of a person who is hanging and dragging the sky, especially when he says it in the way of that hanging, how can he feel so awkward and very disobedient!

Zhang Yuanyi, the fat man, and Xu Xiaofeng couldn't help but look at each other, obviously stunned for a moment.

"Confusion and reincarnation, the sea is boundless. This is the ultimate fate and fate of most retail investors! ”

"I have learned all kinds of knowledge, experienced all kinds of markets, gone through big ups and downs, tried all kinds of methods, but I hit a wall everywhere!"

"I have suffered all kinds of hardships, no matter how hard I try, I can't improve, I make money and lose it, or I lose it less and less, even if I make it, it's not too much, and I feel very hard, especially the pain in my 'heart', I fall into a very confused state, as if I am in a trap or a fog, I can't see the dawn, I can't see hope, and I don't know when I can get out."

"I'm tired, I'm really tired! Perhaps it is the truest feeling of the fifth-level stockholders! ”

"At this time, the stock market always seems to be against itself, believing in fundamentals, fundamentals are fake, believing in technology, technology is useless, and technology works when you don't believe in technology."

"Others can't be trusted, you don't have self-confidence, you can't trust technology, you can't trust value, you can't see anything right, and everything you do is wrong!"

"What's even more infuriating is that at this time, I found that the experts on the Internet, TV, and media are all big fools, and the so-called 'masters' around them are also high-frequency shots, and the real profit situation is actually not much different from their own, and the confidence of fifth-level shareholders is extremely low!"

Now, the stock market is no longer the feeling of "gold everywhere" when I first entered the market, but I found that there are traps everywhere and pits everywhere! ”

There was silence in the audience, and they all looked up at Li Bai and listened quietly.

Li Bai continued his speech on stage:

"Actually, the stock market is a place where there are no standard answers, as long as you want to say, anyone can express their opinion, and it sounds like that, so the stock market is full of half-understood and blind people's comments."

At the same time, the stock market is also a gladiatorial arena for money, and some ill-intentioned people will do whatever it takes for profit, and the stock market is full of lies and deception. ”

"Many people will be puzzled, why can you make money when you don't know anything when you first start trading stocks? Is it really just the spirit of a newborn calf who is not afraid of tigers? Apparently not. ”

"Why do you keep losing money now? It is easy for ordinary people to fall into it and not be able to extricate themselves. Most people will enter this stage one after another, and unfortunately, more than 80% of people will stay in this level and will never get out, and some will go back to the second, third, and fourth stages, falling into the cycle of suffering and not being able to liberate. Some may exit the stock market out of utter disappointment. ”

There was a sigh in the audience.

"In this process, others can't help you, you only have to help yourself."

"The 5 types of shareholders we just talked about are not high-level investors, and over time, these shareholders will continue to fission, and some people may go crazy, become neurotics, and become wasters."

"There are also a few people who can easily turn into stock commentators, sell their own half-understood technology, or become professional scammers, from making money from stock speculation to making money from stockholders."

"Only a very few, maybe less than 10% of the whole, after a lot of hardships and hardships, to a higher level, began to use the stock market as an ATM level, of course, only people who have understanding, diligently pursue technology, and have the courage to overcome themselves can be promoted to a higher level. Whether it will change and how long it will take depends on the individual's understanding and efforts. ”

……

After listening to Li Bai's lecture, many students have the feeling of "listening to your words is better than reading a book for ten years".