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## Core Summary
1. Common root causes of Livermore and Liu Qiang
They were deeply trapped in speculative games, fixated on winning and losing, and obsessed with both market trends and past experience. Greed, anger, and the loss-and-gain mentality firmly bound them. Although they understood trading and also studied matters of the mind and temperament, they still failed to completely break free from attachment to the self. Their state of mind swung violently with every gain and loss, and in the end, their mental stability collapsed, leading them toward tragedy.
2. Individual triggers for each
Livermore: He spent his entire life moving between short-term speculation, repeatedly experiencing rise and fall. He could never let go of the outcomes of his trades, and throughout his life he was driven and entangled by desires and emotions. In his later years, he concluded that his life had utterly failed.
Liu Qiang: He had a mature trading system and an understanding grounded in Buddhism, yet during extreme market conditions he broke his own principles and took big risks with heavy position sizing. Coupled with his old illness—depression—after the market overturned his understanding, he fell into self-doubt and suffered a mental breakdown.
3. The core warning
Speculation in contract futures is essentially similar to gambling, and it easily magnifies one’s inner demons. If you remain fixated on chasing profit, keep harboring luck or wishful thinking, and lose control of your bottom line, that is the root cause of losing money, harming your body, and having your family affairs fall apart. 😊🙏