"That's why I've asked you to keep looking at thumbnails for review."

"I see! Master, in the process of review, I feel that looking at the weekly and monthly K-lines is more trendy than looking at the daily K-line," Zhang Yuanyi looked at Lin Danqing and communicated.

"I think so too," Lin Shuang'er added with a wink of her big beautiful eyes.

"You're right! Our stock market is about time cycles. From the weekly or monthly K-line, some seemingly smooth upward trend, you look at the daily K-line, there will be a lot of small cycles of decline in it, if you look at the market cycle is too small, you will find that the market trend you see will often change back and forth, which will make you confused. In this way, you will end up in a situation where you are chasing the ups and downs! So I don't recommend that you look at a smaller period than a daily candlestick to review, such as a 60-minute line, or even a minute line, which will make you lose your direction."

"Uh-huh," Zhang Yuanyi and Lin Shuang'er hurriedly nodded yes.

"Look at the weekly K or monthly K line," Lin Danqing emphasized again.

"Dad, can we just look at the weekly or monthly K-line? I feel like if I just look at weekly K or monthly K, sometimes I miss out on some good short-term trading opportunities."

Lin Shuang'er asked with big eyes flashing.

"If you want to catch some short-term trades in a big trend, it's likely that the gains outweigh the losses!"

"I can reduce costs, can't I reduce costs by doing T+0?" Lin Shuang'er was not convinced.

This is also the question that Zhang Yuanyi wants to ask.

"That's a good idea, but you know that you had an idea that Livermore had to spend a lot of money to overcome!"

"Huh? Why?" Lin Shuang'er was puzzled.

"Because in a big uptrend, you think like this will make you lose your chips, lose your position!"

"The idea of reducing costs is good, but as Livermore has repeatedly reflected, the temptation to sell and wait for the stock price to pull back is extremely expensive!"

Although it is expensive, the temptation is really hard for many people to resist! This is also the reason why so many people look at the market so accurately so many times, but they don't make a lot of money that they should make, because they always want T, but they accidentally fly T! ”

"For example, if he bought from the beginning of the bullishness, and at the end of the general trend, he might make 100,000 yuan, but as a result, he only made 10,000 yuan, and even lost money, there are many such situations in this market."

"Therefore, in this market, we must pay attention: making a lot of money does not depend on the short-term ups and downs of individual stock prices, but on the most important fluctuations, that is to say, not by guessing the ups and downs of the next trading day to make money, but by evaluating the general trend of the entire market, so that you can make a lot of money, understand?"

Zhang Yuanyi has an understanding of this, so he thought it was true when he saw this paragraph when he was reading the book, and now when he heard Lin Danqing's serious explanation, he agreed even more, and nodded again and again.

Zhang Yuanyi only deeply understood this after experiencing countless profits and losses: a person's thoughts never really make a lot of money for him! After seeing the general trend, always sticking still will make him really make a lot of money! Yes, it's insistence!

"In this market, it's not surprising that there are a lot of people who judge the market correctly. You can find a lot of people who are bullish at the beginning in the long market, and you can also find people who are short at the beginning in the short market. ”

"There are a lot of people in this market who judge the right people at the right time, they buy when it goes up, they sell it when it goes down, and if that's it, they're going to make a lot of money! It's a pity that they keep selling after they buy, and they keep buying after they sell, so they don't maximize their profits! Even lose what you once earned in the end! ”

"There are too many people like this in this market, and they don't make the money they should make from an uptrend!"

"That's why so many people not only can't make money in the bull market, but lose money."

"It's important to be accurate in judging the general trend, but more importantly, it's important to judge that the trend is about to start, and you have to stick to it after buying!"

"People who judge correctly and buy at the same time and stick to it are extremely rare in this market, but only they will really make a lot of money!"

"But it is more often the case in this market that a person becomes impatient or skeptical when he may see it very clearly and clearly, but he calmly moves in the direction he envisions in this market!"

"This is not only the most common mistake that ordinary retail investors make in this market, but also the mistakes that so many market elites or securities practitioners often make."

"Although we always say chasing the rise and killing the fall, people are always not afraid of falling, on the contrary, if it rises a little, they start to worry."

"So it's often not the market that defeats them, it's themselves. They are very smart, but they can't hold on to an uptrend. ”

"In this market, only a person who truly trusts his own judgment has the courage to stick to his philosophy, and if he adds enough patience, then he will stick to it."

"It's just: ignoring the big market fluctuations, but trying to get in and out, is the fatal problem for all market participants."

"However, no one in this market can catch all the ups and downs."

"In a bullish market, in an uptrend, the most rational behavior is to buy and hold on until you believe that the bullish market or the uptrend is coming to an end, and then choose to sell."

"This requires your vision and mind, not to study the so-called news or other factors, and to have confidence in your own judgment, especially not to let other people's advice or your own impatience ruin the correct judgment."

"If one is not confident in one's own judgment, one cannot go far in this game."

Lin Danqing's earnest teaching made Zhang Yuanyi and Lin Shuang'er fall into contemplation, Lin Danqing's words were too informative, and they had to digest it.

"I still don't understand," Lin Shuang'er said a little depressed after a while.

"This requires you to have more experience in the stock market to understand" Looking at her daughter, Lin Danqing smiled faintly.

Lin Shuang'er stuck out her tongue mischievously.

After thinking for a while, Lin Shuang'er asked another question:

"Dad, you just suggested that we look at week K and month K more, can we just look at them to determine the trend?"

"Of course, it's not just about weekly and monthly candlesticks. There are certain rules for trading, I can't tell you a set of methods for you to make money by copying the same routine, which requires you to constantly summarize in actual combat. I can only tell you that looking at the weekly or monthly K-line can be a good judgment of the overall situation, and looking at the daily K-line can look for trading opportunities, and then the next minute K-line does not need to be seen. It's still the same sentence, watch more and worry more, don't watch and don't worry about it, understand? ”

"I still don't understand. The question is, what if there is a contradiction between the weekly and daily candlesticks? Lin Shuang'er continued to ask.

"It's simple: forgo a trading opportunity."

"When the signals from the market are not clear, the best option is to forgo the trading opportunity. There is never a shortage of opportunities in the speculative market, all that is lacking is the patience of speculators waiting for opportunities! Remember, you can only make a lot of money if you wait patiently for your opportunity to arise like a crocodile! ”

"Master, I also have a problem, that is, sometimes I see the right trend, and I also buy, but I can't hold the list, and I am often shocked by a small rebound in the market, in addition to what you just said, you may not believe in your own judgment and do not insist on holding on, is there any other reason for this situation?" Zhang Yuanyi raised his own question.

"There are two problems with this. The first problem is that your position is definitely too heavy. When your position can't withstand a small reverse fluctuation in the market, you will naturally be shaken out. What kind of position is appropriate? This cannot be generalized. There is a simple way to determine if your position is too heavy: is whether you can sleep soundly? If you always lose sleep after holding a position, it means that your position is heavy, and you can reduce it until you can sleep peacefully. ”

Speaking of this, Zhang Yuanyi and Lin Shuang'er both smiled heartily.

"I just talked about your first position." Lin Danqing took a sip of tea and continued: "Another problem is that your heart is not big enough. ”

"Not big enough?" Zhang Yuanyi was a little confused, how could this have anything to do with his heart?

"Yes. For a stock trader, how big your heart is, how big the market you see will be! If you only want to make one or two times in your heart, then you can only see one or two times the market in your eyes, and if you think in your heart that you must make ten times, then you will see ten times the market in the market! ”

"Isn't this idealism?" Zhang Yuanyi muttered.

"Yes. This is idealism. But this idealism will help you make a lot of money! ”

"Just imagine, if you analyze that a stock will double, will you still be shocked out of the market by a small pullback when it is only up 20%?"

"The reason why you will close the position is because you don't know about this stock and don't have confidence in this trend, isn't that the truth? As Livermore himself said in "Memoirs of a Great Composer", the reason why he made a lot of money was never by his deeds, but always by his inaction. He once participated in the market and a pullback caused him to lose about $1 million in profits, but he was still indifferent, why is this happening? Isn't it because Livermore's heart is big enough and the market he sees is big enough for him to ignore the short-term fluctuations in the market? ”

"Oh! I see. ”