"We often see some expressions of this kind of creative mind in the art world, for example, when some painters paint, they often have a stroke of genius, and even he himself doesn't know why he paints like that, so this is definitely a kind of subconscious at work, and the reason why Livermore also has this subconscious is also the subconscious that he constantly recalls and brings to her."

"This is the effect that he has accumulated after years of hard work, maybe a month or two months of review is of little significance, but the feeling of review over the years can play some unexpected effects."

"Master, I understand" Listening to Lin Danqing's explanation, Zhang Yuanyi had a feeling of being sudden.

"Another point, I want to warn the two of you not to discuss the specific market with your peers casually when you participate in the market in the future."

"Why?" Lin Shuang'er asked puzzled.

"Because if you do that, you're only going to make your trading worse."

"You should have noticed the case of Livermore who made a lot of money shorting Union Pacific, and after taking a break for a while, he thought he could buy a large amount of money by virtue of his sense of the market."

"Noticed" Zhang Yuanyi was also impressed by this paragraph.

Lin Danqing continued:

"Livermore's sense of the game was correct, but he lost money in the subsequent trade, why? Because he did not listen to the command of his own experience, but let the opinions of others affect his judgment, shook his belief in going long, and turned short, as a result, the fat that was already in his mouth flew away"

Livermore later reflected that he thought it was this thing that made him really mature in the market, and after this incident, he always believed in his own judgment, and if a person could not even adhere to his own beliefs, he would not go far in the market. So be sure to follow your own beliefs and trust your own judgment when trading. ”

"Shouldn't market participants learn from each other?"

"The Tao in the market can learn from each other, but the specific art of buying and selling and the method of buying and selling can only be understood by oneself."

"However, wouldn't it be better to improve your own operation level if the masters communicate with each other?" Lin Shuang'er broke the casserole a little bit today and asked to the end.

"Not necessarily! In terms of specific buying and selling points, communicating with people affects one's own specific operations, just like Livermore in Chapter 6, even such a genius can be influenced by the kindness of others. This shows that most of us market traders are susceptible to external opinions, and it is better to trade alone in order not to be unnecessarily influenced. ”

"Especially specific tricks, you shouldn't communicate with each other, once your trick becomes a well-known method in the market, then your bad day should come. We've said before that when cheats become fashionable, what once made you money can become a trap that makes you lose money. ”

"So, if you want to survive in the stock market or the futures market for a long time, you should be a lone ranger, like Livermore, this is the best choice!"

"Well, I see, master"

Lin Danqing's every sentence was deeply imprinted in Zhang Yuanyi's heart, and Zhang Yuanyi secretly decided that he would also be a lone ranger in the stock market in the future!

However, the team still needs it, but only one person should know their core tricks!

When a person can do one thing wholeheartedly, he is happy.

Zhang Yuanyi, who has concentrated on studying, now feels incomparable happiness.

He now only has one book on his head - "Memoirs of a Stock Dealer".

In Chuanhai City, Shen Lili has already bought a ticket to Dali, she doesn't know why Zhang Yuanyi has been turned off for nearly half a month, she has to figure out why?

Yao Xiaomeng is also very puzzled, which essence of this Zhang Yuanyi is wrong, if he can't see it, he will disappear!

Won't it be because the trader was masturbated, can't think about it? Thinking about it, Yao Xiaomeng herself denied it, she had the impression that Zhang Yuanyi was not so fragile, so what happened?

……

Today, Lin Danqing continues to explain "Memoirs of a Great Composer", this time talking about the eighth chapter.

"This section is very interesting, you see, first of all, it tells some of the summaries of Livermore, and has clearly established his own trading concept, what should be done, is to be bullish in the long market, bearish in the short market, this sentence seems to be the right nonsense."

Hearing this, Zhang Yuanyi and Lin Shuang'er couldn't help but smile at each other.

"Sounds funny, right" Lin Danqing also smiled faintly and continued: "But the deep meaning of this sentence is that there is a premise for the implementation of this principle, which is to predict the possibility of the future. ”

Zhang Yuanyi thought about it seriously, this is indeed the case, this seemingly incomparably correct nonsense, it is really not easy to do a good job, and you really need this premise, how can you do it? Provided that you are right in your predictions.

In this chapter, Livermore recalls two times when he was right, but turned out to be very different. Can any of you tell me what was the reason for his first failure? ”

Lin Danqing still habitually starts his course by asking questions.

"The timing is not right. Although Livermore had predicted a big short move to come, he chose the wrong time to go short the first time. He intervened too early, so he kept losing money. Zhang Yuanyi replied immediately.

Lin Danqing nodded slightly, "Well, that's right, but you're only partly right, but not all." Then let me ask you again, how do you think you should choose the time to go long or short? ”

"Wait until the market has completely reversed the trend before making a decision to buy or sell." Zhang Yuanyi replied.

"So how do you know if the market trend has completely reversed? How do you know if this adjustment is a minor or a major level? Lin Danqing's questions came one after another.

"Uh...... I'm not sure about this, I'm not sure. ”

Zhang Yuanyi scratched his head and continued:

"I used to look at technical charts to judge trend reversals, but in the past, I was sometimes inaccurate."

After speaking, Zhang Yuanyi looked at Lin Danqing a little embarrassed.

After listening to Zhang Yuanyi's words, Lin Danqing smiled faintly and said:

In fact, Chapter 8, "Memoirs of a Stock Dealer" is telling us a truth: it is not enough to judge the direction of the trend, in addition, we must choose the right time to enter the market! Timing is very important! ”

Regarding the word "timing", Lin Danqing emphasized the tone of voice.

"Of course, timing is important, and I know that, but the question is, what is a good time? I've been trading stocks for almost a month now, and what I think is a good time is a bad time to look at it in hindsight! Lin Shuang'er pouted and muttered depressedly.

Lin Danqing and Zhang Yuanyi couldn't help but laugh after hearing this.

"You're still laughing, hum" Lin Shuang'er gave Zhang Yuanyi a roll of his eyes unhappily.

"That's why you need to build a position step by step!" Lin Danqing looked at her daughter and said seriously.

"Before the market is over, any judgment we make is, in a sense, just speculation, and there is a possibility of error! Therefore, it is particularly important to test positions. ”

"You see Livermore in Chapter 8 for the first time to judge the market short trend, but it was precisely because of the rush that he did not take a step-by-step approach, but instead of taking a desperate heavy short, the market only had a few small rebounds, and he quickly went bankrupt."

And after that, in the same bearish market, Livermore learned the previous lesson and adopted a step-by-step approach to building positions, which eventually led to his big win and completed a leap in his life. Two different ways to open a position in the same market, the result is a world of difference! ”

Lin Danqing said with a sigh.

Seeing that Zhang Yuanyi and Lin Shuang'er listened very seriously, Lin Danqing even more earnestly admonished:

"In the future, whether you are doing stocks or futures, if you want to make a lot of money, you must grasp the key point of the market to reverse the trend. Because only the key points can allow you to grasp the starting point of big fluctuations and make you a lot of money! ”

"However, how to judge the key point of trend reversal, I feel so difficult, so difficult" Lin Shuang'er has indeed lost a lot recently, although she knows that she shouldn't trade frequently, but she just can't help it.

"It's really hard! It can be said that this kind of turning point is the most difficult and the most error-prone. ”

"Once you take a small reversal in the original trend of the market as the ultimate trend reversal, you will quickly be in a passive position."

Lin Shuang'er nodded again and again when she heard this, she had a deep understanding of this.

"So what to do?" Lin Shuang'er asked with wide eyes.

"What to do? At this time, if you read it wrong and do it wrong, the only thing that can save your life may be the position, the low position. ”

"That's the main reason why we have to build a position step by step, and we have to test it before buying and selling it on a large scale!"

"If you don't make mistakes, you can have the whole world in a few months. But on the other hand, if a person does not learn from his mistakes, sooner or later he will be penniless. ”

Lin Danqing slowly and word by word repeated this famous sentence in "Memoirs of a Great Composer".

"We are human beings, not gods, and human beings make mistakes!" Lin Danqing began to accentuate his tone.

"But as a trader, whether you are trading stocks or futures, what we need to do is to try to keep a low position when you make mistakes, and learn to increase your position when you are right."

"You have to understand that when you speculate that a long-term trend of a particular stock is about to reverse, you must not open all positions in one step."

Zhang Yuanyi and Lin Danqing listened quietly.

"At this time, you need to test the position, for example, if you have 1 million, the first step is to get a hundred thousand, when your real money is put into the market, the market will immediately give you feedback, if your account is immediately profitable, it means that you are doing it right, and when you have ten percent profit, you need to increase the position by 10%, if you continue to make a profit, add another 15%, and so on, so that you can enter a virtuous circle."

"What if you go in and lose money? Doesn't margin call reduce costs? Lin Shuang'er asked.