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Ride the waves
Recently, some new partners have joined, congratulations to everyone for choosing the right place; if you choose the wrong people, no matter how hard you work, it will always be the wrong direction. The forum is a mixed bag; most teachers talk about stocks but are not stock traders themselves, and those who really know how to trade stocks are reluctant to share too much, valuing their words like gold.
I made a major mistake in this matter, wasting several years of time in vain; there aren’t many years to waste in life.
Most people keep repeating the same mistakes until their money and energy are exhausted, leading to account closures and delistings; this is inevitable. Many people have already disappeared, which is a normal phenomenon.
Generally, there are only two possibilities for people: either they succeed and grow big or they fail and delist or close their accounts. Too many people find it hard to face the second option. Ideals are very full, but reality is particularly harsh and cruel.
Either don’t invest in stocks or be extraordinarily diligent, focused, and hardworking; you should approach this the same way in any industry.
This principle has already eliminated over 90% of people.
The reason I’m still trading stocks today is that I adhere to this fundamental principle.
In a normal market, most people are basically in a losing position. Let me analyze for you why there are losses.
The market’s index and sentiment, with more bears than bulls; if you don’t study the index and sentiment, trading normally every day will inevitably lead to more losses than gains.
The market generates hotspots.
Most people are generally slow to react.
Some also rotate too much and too quickly, with early movers specifically harvesting latecomers.
Systematic review, observing the market, research, practical experience, etc., are still very much lacking. Many people think they are close to enlightenment after numerous attempts,
but in reality, you are still far, far away.
I have told my family dozens of times that I was close to enlightenment, and they got tired of hearing it.
You can imagine what I have gone through.
Always remember, account profits and account stability are the only standards to measure everyone’s level, the only criterion.
This year, the market is very weak, and it has been weak for a long time. Most people are no longer suitable for trading stocks, but it’s hard to face this stark reality. I hope everyone can face reality; if there are better options,
go do something else better. The stock market is no longer suitable for many people; the demands are too high.
Let’s talk about the market.
Last Friday night, U.S. stocks plummeted. Last Friday morning, the market index opened lower by 0.92%. Tomorrow, it is expected to open significantly lower or decline after opening; this is basically a certainty.
This indicates a possible second bottom testing or support at 3800 points.
I believe the risk below 3800 is not very great.
So for me, a big drop is an opportunity and also a chance.
How else can you buy good value, cheap stocks?
Of course, everyone has a different understanding.
For many people, it’s best just to observe; it’s not suitable for trading because the requirements of this year’s market are higher. Ordinary people can hardly make money in this market. If you don’t have specialized knowledge and rich experience, don’t spend money to learn the craft.
Learn the craft well first before anything else.
My articles are only suitable for those with over five years of trading experience and a basic understanding of stocks; this allows for faster progress.
There are too many newbies who can’t understand; they haven’t even entered the door and can’t comprehend anything at all.
I cannot teach everyone step by step.
I can’t speak directly about stocks; this involves legal and compliance issues. Anyone with a bit of common sense understands this principle; I cannot take that risk.
I can only show you what stocks I have traded and how I approached them.
In the coming months, I will try to accompany everyone through the ups and downs, overcoming obstacles.
I estimate it will be, at most, until the end of this year.
Now, capable teachers outside are even more reluctant to speak.
Enlightenment, enlightenment, ultimately depends on one’s own understanding.
Those with a bit of insight generally know what I am paying attention to; it’s not good to elaborate on this; it relies on understanding.