In the afternoon, it was close to five o'clock when he came down from Jizu Mountain, Zhang Yuanyi took a shower, and then lay down on the bed to rest.

As soon as he got into bed, Zhang Yuanyi didn't want to get up a little.

I was really tired, so I went straight to sleep.

Just as Zhang Yuanyi was sleeping, he suddenly felt that his nostrils were very itchy, and he couldn't stand it, so before he opened his eyes, he stretched out his hand to scratch it.

As soon as the hand passed, the nose stopped itching again.

After doing this several times, Zhang Yuanyi was also annoyed, opened his eyes, and wanted to see what was weird.

At first glance, Lin Shuang'er was tickling its nose with a dog's tail grass.

Seeing Zhang Yuan wake up, he couldn't help but chuckle.

"Forehead......" Zhang Yuanyi looked at Lin Shuang'er with black lines.

"Big lazy, look at me, you haven't rested since you came back from climbing the mountain, you've been asleep for more than an hour! Got up to eat."

Maybe it's because I'm hungry from climbing the mountain, Zhang Yuanyi eats extra sweet dinner, and the vegetarian food that I originally found difficult to swallow is also delicious.

After accompanying Lin Danqing to watch the news broadcast, Zhang Yuanyi went back to the room to watch "Stock Master".

He is reading books very slowly now, and looking at Lin Danqing's notes, Lin Danqing is full of notes on each "Great Writer", so Zhang Yuanyi's speed of reading books has come down with such a comparison.

Originally, I could read 15 pages in an hour, but because I had to read the notes after reading them, and then make my own notes, I could read about 20 pages in one night.

But looking at it this way, Zhang Yuanyi really felt a lot of emotion: read the book a hundred times, and its meaning is self-revealed!

Every time he saw Lin Danqing's reading notes, Zhang Yuanyi had to sigh.

It turns out that this is how the master reads books!

In the past, I used to read books by myself to see ten lines, just to see the plot of the story, and I was more willing to look at the gossip plot of the protagonist in the book.

But Lin Danqing's way of reading books is already really communicating with the author of the book, a kind of communication and integration in the sense of the soul!

No wonder they are the legendary stock kings, no wonder they have such a deep understanding of the stock market and futures.

Zhang Yuanyi also made up his mind that this "Great Composer" must also be read carefully, and he will never give up if he doesn't see the true meaning of it!

With the passage of time, Zhang Yuanyi gradually got used to the rhythm of life such as lecturing in the morning, climbing mountains in the afternoon, and reading books in the evening, and felt a sense of fulfillment.

Zhang Yuanyi's heart slowly became quiet.

Zhang Yuanyi has been waiting for Lin Danqing to talk about the second section of "The Great Worker", but Lin Danqing asked Zhang Yuanyi to review according to his own method in the morning of the next few days.

I finally looked forward to Lin Danqing talking about the second chapter of "The Great Worker", and the new book that Zhang Yuanyi bought was already full of notes.

This time, Zhang Yuanyi really watched "The Master" attentively.

"Yuan Yi and Shuang'er, you come to tell me, what are the essences of the second chapter?" Lin Danqing took a sip of tea and asked with a smile.

"I think what Livermore is trying to tell us is that you can't trade stocks often, and you have to wait until the opportunity is right for you." Lin Shuang'er hurriedly answered.

"I don't think you can trade in the short term frequently, the more you trade in the short term, the more likely you are to lose money!" Zhang Yuanyi also expressed his understanding.

Lin Danqing nodded, smiled and said, "What you said is right, these two points are what the author wants to express." ”

"Master, but most participants in the stock market like short-term operations?" Zhang Yuanyi asked.

"That's true," Lin Danqing nodded, "So most people are doomed to lose." Trade frequently, the more often you trade, the greater the probability of losing money. ”

"Hmm" Zhang Yuanyi observed through his own experience in the past and the performance of the stockholders around him, this is indeed the case.

"What else? What else do you understand? ”

"Stick to your trading philosophy, be patient and wait for the opportunity, and understand the changes in the market!" Zhang Yuanyi thought about it and said three "wants" in a row.

Lin Danqing nodded and said: "Well, everyone who wants to make a fortune in the stock market should have their own concept of stock speculation, so how to stick to their own philosophy?" ”

"Master, last time you said that we investors are pursuing small losses and big profits, and we want to improve the probability of success. Judging from the memoirs of the great author, I think Livermore has a fairly high chance of success, reaching a 70% win rate. In fact, Livermore's win rate could have been higher, the reason why there were some losses, and there were thirty percent failures, was not because his operating system was incorrect, but because he didn't stick to the operating system that was proven to be correct in practice, and he could do it seventy percent of the time, but he himself said that what defeated him was that he didn't have enough brains to stick to the game he was good at. ”

"Failure is due to failure to stick to your trading philosophy, so if you want to succeed in this market, you must stick to your trading philosophy that has been proven to work."

"I wonder why he said he didn't have the mind to insist, if the operating system was correct?" Zhang Yuanyi asked rhetorically.

"Perhaps, this is the weakness of human nature." Lin Danqing said lightly.

He added: "If a person does not make mistakes in the stock market, then his capital appreciation will be very fast, just like your performance in the past few months, you can make a rapid increase in personal wealth in a short period of time through some opportunities and your own correct judgment." ”

"But people always have weaknesses, sometimes people will be greedy, want to buy at a lower cost, just want to intervene early to buy the bottom, sometimes a rebound can't withstand the temptation, just want to buy the bottom, not because the timing of your purchase is just to reach the buying point of the system you operate."

"In this market, everyone wants to reduce costs, and the idea of reducing costs is good, but sometimes they will trap you because they intervene early, which is also a kind of greed."

That's why Livermore advised later generations to stick to their trading philosophy and not get involved until they bought it! That's the second point you just said, be patient and wait for the right time. ”

Zhang Yuan nodded and said, "Master, so that's the case, I understand." What you mean is that because of the weakness of human nature, we inevitably all make mistakes. Therefore, to stick to your own philosophy, the premise is to develop your own operating system. ”

"Right!"

"Then I understand why so many securities practitioners are neither stupid nor stupid, even human beings, how can they often lose money." Zhang Yuanyi scratched his head and said.

Lin Danqing nodded and said: "That's right, whether it's the elite of Wall Street or our big institutions in China, you have to have brains, all of them are smart people, but the reason why you lose money in the stock market is that you don't wait for the right time to trade." Aren't all the losses you and I have ever had like this? ”

"I think it's a lack of patience if you don't wait for the right time to trade." Zhang Yuanyi also took a sip of water and said: "What Livermore said is really right, if you lack patience, you are prone to frequent trading, regardless of the timing of trading. When I first opened an account for half a year, I just wanted to make money in the stock market, but I didn't realize that it was not a good time to trade, because I was impatient, I liked to trade fast in and out, and I traded frequently, and soon I lost half of my principal. ”

Zhang Yuanyi remembered the painful history of Xiao Zhang Yuanyi, and said heartbrokenly: "Some of Livermore's words really said to my heart, I caused a large proportion of losses through frequent trading in the first year of account opening, after a few months of reflection, let me experience more profoundly: excessive trading is definitely losing money, as the master just said, people will make mistakes, how can anyone be smart enough to buy low and sell high every time, it is really difficult." So I always remind myself now, never overtrade, know how to rest, be patient and wait for the opportunity, and hit with one hit! ”

Listening to Zhang Yuanyi talk about this, Lin Danqing didn't expect that Zhang Yuanyi's understanding of patience had reached such a point, so he happily patted Zhang Yuanyi's shoulder and said to Zhang Yuanyi: "Yuanyi, you understand well!" ”

"What you just said is right, you must reflect more and summarize more when doing stocks, so that you can grow rapidly from this market. I now understand that your high profitability over the past few months is not just a matter of being lucky to be opportunistic, but that you really understand some of the ways in the stock market. Lin Danqing looked at Zhang Yuanyi and said seriously.

Then he glanced at Lin Shuang'er and sighed: "Wait patiently for the opportunity, it's not easy to do!" With hundreds of millions of participants in this market, how many of them can patiently wait for the right moment? As you just said, how many people get carried away because they have skyrocketed in the long bear journey, so they rush in, but because the trend is still downward and has not reversed, and then they are caught again, there are too many examples to mention."

As a top master, Lin Danqing knows very well that as a stock trader, he has to overcome many mistakes that ordinary people are prone to make in this market in order to achieve himself! Learn how important it is to be patient!

"So the vast majority of people in this market will lose money! Because there is no patience. Lin Shuang'er also concluded.

When Lin Danqing and Zhang Yuan heard this, they couldn't help laughing.

"What are you laughing at" Lin Shuang'er had a black heart.

Then he suddenly thought of a question and asked: "Big brother, you see that Livermore used to have a very high winning rate, why did he go to New York and go bankrupt in less than half a year, and lost all the $2,500 he brought over?" ”

Lin Danqing also looked at Zhang Yuanyi with a smile, wanting to see how Zhang Yuanyi would answer this question.

"This is because different markets, one is a gambling house and the other is a stockbrokerage, and the rules of the two are different. This is also one of the things that impressed me when I read the second chapter, if you want to do well in stocks, you must understand the stock market. When the market rules change, their own operating ideas must be changed, not unchanged, if unchanged, it is easy to cause losses. Even a genius like Livermore, with his skills in the gambling house, wanted to make money in a stockbroking house, it was impossible, so he went bankrupt. So if you want to make money in an industry, you must understand the market and understand the changes in this market. ”

After listening to Zhang Yuanyi's answer, Lin Danqing also recognized it in his heart, and said: "Understand in place!" ”

continued: "Yuan Yi is right, the people who make money in the stock market are the ones who really understand the market, and those laymen may make some money because of luck, but they will lose money in the end. ”

Zhang Yuan nodded and said: "Master, when I first entered the market, I thought I could understand a little bit of indicators, but later I found out that I really didn't understand at that time, knowing is one thing, using it is another, only after experiencing that half a year of huge losses, I learned from the pain, constantly reflected, and constantly summarized, so that I had a little feeling, and I had a little understanding of the trend." ”

Lin Shuang'er asked, "Huge loss?" How much money did you lose? ”

"Ten thousand!" Zhang Yuanyi remembered his previous life and replied.

Lin Shuang'er almost didn't squirt out the imported tea he had just drunk, and said, "It's only 10,000, which is also called a huge loss?" ”

Zhang Yuanyi was also a little embarrassed, and said: "Shuang'er, when I entered the market, I just started to think about playing less, and the loss of less than 20,000 yuan in two months became 10,000, isn't it a huge loss?" ”

"Okay, okay, huge loss, huge loss" Shuang'er looked at Zhang Yuanyi with disdain.

Lin Danqing looked at Lin Shuang'er and Zhang Yuanyi with a smile, and said happily:

"Okay, a huge loss, a huge loss, half of it. However, what Yuan Yi just said is good, it is indeed very unrealistic to want to make money in this market without understanding this market. ”

"But there are many unrealistic people, many shareholders, especially new shareholders, even some old shareholders, understand this market, I don't think most of them may understand."

"Yuan Yi and Shuang'er, you see that we ordinary people go to the vegetable market to buy a dish, although the money spent is not much, dozens of yuan and hundreds of dollars, but we must also understand whether it is delicious or not, and know how to buy it, this is called understanding! But as soon as you enter the stock market, you don't even know the K-line, you don't even know the moving average, and you don't even understand the most basic trend of the market. ”

"Yuan Yi said a good sentence last time, let history tell the future, you don't even know the past trading situation of this stock, just buy and sell, if you don't lose money, who will lose money?"

"Master, what you said is so good!" Zhang Yuanyi said sincerely:

"In the past, when I was trading, I felt that it was my ability to make money, and when I lost money, I complained that the market was not good, complained about the main force, complained about the bookmaker, complained about the regulatory department, and sometimes even wanted to smash the computer. Later, I realized that the most important thing to reflect on is myself. Yesterday, I read the second chapter Livermore also said that he never got angry with the stock market, nor did he theorize with the broader market, and when he lost money, he lost money, and reflected on where he made a mistake. From Livermore, I really understood a truth: the market is always right, and the only thing that is wrong is my own judgment of the market. Because you don't know enough about the market, you will make mistakes, so only by spending effort to understand the market can you go right. So I think that no matter who loses money and makes mistakes in this market, the first thing they should do is to adjust their system to adapt to the changes in the market, instead of complaining. ”

After listening to this, Lin Danqing couldn't help but look up to this young man in his twenties from his heart, it is not easy to have such an understanding at this age.