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The King of Speculation —— Livermore's Road to Growth
The King of Speculation is a personal biography about Jesse Livermore. Although it is not as famous as Memoirs of a Stock Master, it is widely circulated because it is about Jesse Livermore, especially among friends who are engaged in speculation. What I share with you this time is also something that is not involved in the memoir of a stock masterpiece. I hope it can help you a little.

In the stock market, birth is not necessarily related to whether you can make money, which can be seen from Jesse Livermore's experience, as he said-"If you can judge correctly, you can make a fortune". Of course, it is very necessary to have the necessary capital if you want to make huge profits in the stock market. There is no denying that if you have more capital, you are more likely to beat the market and win.

Jesse Livermore likes to beat his opponent in the market, and he firmly believes that with a little method, he can achieve sustained success, so he is obsessed with the market. And he began to study the key to the success of the stock market when he was a child. This shows that if you want to make money in the stock market, you must seriously study the stock market. If you rely on others, such as the advice of some experts, it is basically doomed that there is little possibility of making huge profits in the stock market. As the saying goes, "Speculation is not a good deal, and fools, lazy people and people with unbalanced emotions can't play this game well ..."

The price is not determined by profits or bonuses, but by people. He found a reliable money-making system in the commodity market. First, he wants to accumulate huge positions (long or short). Second, he wants to influence the media to report his behavior. Finally, he will give up his position to those who want to pursue wealth. Hard selling is too useful for him, and it will be useful until death. He knows that the public is wrong.

If suggestions can replace actions, of course, it is very good. Many times, when you encounter problems, ask others for advice. Other people's suggestions always look easy, so it's hard to say whether you can implement them yourself. Moreover, the person who makes the suggestion will declare in advance that my suggestion is only my own opinion, and it is up to you to decide whether it is feasible or not. This situation is even more obvious in the stock market. Listen to other people's advice, and it will be ok if it is good. In case it is a bad development direction, it can only be miserable. Moreover, the person who made the suggestion will be somewhat dissatisfied when he knows that you have suffered a loss because of his advice. Even if he makes his own decision, according to human nature, most of them are still dissatisfied with you, and it is very likely that friends will have some difficulties in doing it in the future.

Stubbornness can be a great curse (although sometimes it is a blessing). 70-year-old john dewey has long known that it is people's psychology, not money, that drives the stock market up. Among all the speculation mistakes, the downward allocation of costs is one of the biggest mistakes. Downward dilution cost is basically from a rational point of view,