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$FIL Pull a little more to cut deeper
1. Hold the Diamond Sutra, realize that all appearances are false and illusory, break free from ego attachment and attachment to dharmas, and do not be trapped by wins, losses, or ingrained experiences.
2. Recite the Heart Sutra, understand that the five aggregates are empty, dispel fear and despair, and stay away from emotional upheavals.
3. Strictly observe trading precepts, avoid leverage and heavy positions; practice generosity often, transforming greed into altruism.
4. Focus the mind on Buddha’s name to gather the spirit, do not cling to the mind while doing things, remain unmoved by changing circumstances, and this is liberation. 😄🙏
**Core Summary**
1. **Common root causes of Livermore and Liu Qiang**
They were deeply trapped in speculative games, fixated on the gains and losses of winning and losing, and overly attached to market conditions and past experiences. Greed, anger, and the gains and losses of life tightly bound them; although they understood trading and also explored the study of the mind and character, they still could not completely break free from their own ego. Their mindset fluctuated violently with every profit and loss, and in the end, their mental state collapsed and they walked toward tragedy.
2. **Each person’s own triggers**
**Livermore:** He spent his entire life moving between short-term speculation, repeatedly rising and falling, yet he could never let go of the wins and losses of trading. For his whole life, he was driven and swept along by desire and emotion. In his later years, he concluded that his life was a complete failure.
**Liu Qiang:** He had a mature trading system and Buddhist insights, but in extreme market conditions he broke his own principles and took risky positions with heavy leverage. Combined with a longstanding illness and depression, after the market shattered his understanding, he fell into self-doubt, and his mental health collapsed.
3. **The core warning**
Speculation in contract futures is similar to gambling, and it easily magnifies one’s inner demons. If you are obsessed with chasing profit, harboring luck or wishful thinking, and you lose sight of your bottom line, then that is the root cause of losing money, harming your body, and having your family and affairs fall apart. 😊🙏