This is a story about a genius. He is a man of the hour in the stock market and a genius of trading and investment on Wall Street-Jesse Laureys Livermore. He used his ups and downs in the stock market to tell the unknown internal secrets behind the stock market. It also tells us how to treat wealth and stock market in our life.
First of all, Livermore's life
Livermore showed a talent for being sensitive to numbers since he was a child, and began to practice understanding numbers and predicting trends in local casinos. There are successes and failures in this process. He summed up the experience of failure and confirmed his prediction. Or at first, it was just an experiment that one wanted to do. But it won him the first bucket of gold in life and found the direction of life.
Livermore, 14 years old, started to contact stocks, 2 1 year old, and earned $2,500 on Wall Street. There are obvious differences between Wall Street's stock operation mechanism and gambling. It failed in less than a year. At the age of 22, I can only owe my boss, 500 yuan, and brought back $2,500 in the casino. At the age of 24, the book wealth had reached 50 thousand yuan, but it turned into a cloud overnight and was forced to leave Wall Street again.
At the age of 25, he accumulated capital again and returned to Wall Street. This time, he invested cautiously, constantly learned from old investors and established his own investment rules. It was not until the age of 30 that he became the king of the stock market recognized by the public. Don't think that the king of the stock market will not lose money. Livermore, 3 1 year-old, got into trouble because he violated his own investment rules, and didn't go bankrupt until he was 36.
At the age of 37, he once again seized the opportunity to enter the market.
Livermore's life is scattered in the stock market. He is the stock king admired by ten thousand people, and he is a genius who made a profit of more than 1 billion by shorting the stock market in the stock market crash of 1.929. But he died in June 1940 1 1, and wrote in his suicide note: "My life has been a failure."
Livermore's life is worth reading carefully, and the story about the inside story of the stock market in the book is also worth thinking about and exploring.
Second, "genius" is not innate wisdom, but acquired "indomitable"
From 65438 to 0922, Livermore fell behind many times in his life and finally reached the extreme in the trading market. And summed up the feelings about life and the stock market: "The main enemy of speculators is always lurking in his heart." He knows that people have a kind of "hope" when they fail, which is human nature. But this kind of "hope" is very unfavorable in the stock market, because people will "hope" that every dark day is the last day, and finally they can only be at the mercy of the market and eventually lose more.
Livermore, known as a "genius", experienced four ups and downs, and finally chose to "commit suicide" in the judgment and separation of everyone, thinking that he was a failed life because he was finally defeated by "failure".
Third, wealth is a tool of life and is not worth worshipping.
Whether in Livermore's time or at this moment. The stock market attracted a large number of people to participate. Some people gain something in the stock market and buy luxury goods in their lives; Some people follow the trend in the big bull market and become leeks. We can't help asking, what makes people so crazy about the stock market?
Livermore started from scratch in junior high school and became a stock market myth. It keeps crawling, and when it falls, it gets up by itself. In his success and failure, we found the true meaning of trading success, and also had our own feelings and views on money.
Trading is the gain and loss of human wealth, and wealth is always the central theme of farce in people's lives. Wealth should be the tool of people's life, but in reality, money worshippers think that finance is everything, and it has become the role of usurper, seizing people's way of life and becoming the main content of people's life. As a result, more and more people hope to get more wealth and income in the stock market in a relaxed way. Stock trading has also become a way for people to "hope" to get wealth quickly. However, trading is risky, and the stock market cannot rely on "hope" to make a profit. It also requires professional skills, and countless times as a leek will have a little success.
Write at the end:
Livermore's advantage is that he is a genius in the stock market. He has a keen sense of numbers and analytical skills, as well as an indomitable spirit. After countless falls, I realized my own shortcomings and learned new skills. Return to the stock market and become a generation of stock kings. Finally, he committed suicide and thought he had "failed". His failure forced us to think about what "wealth" has brought us.
The translator in the book believes that one of the reasons for Livermore's suicide is that he became unrestrained in beauty and wealth, not only losing his early self-discipline and attitude towards life, but also losing the support of his family.
Wealth brings only wealth, but a richer external material life. What destroyed Livermore's life imbalance, and wealth eventually became a dilemma that he could not get out of, forcing him to admit his "failure" when he committed suicide.