In fact, it means learning more, asking more and reading more. Especially regarding mentality, what Buffett said is absolutely correct: Be greedy when others are fearful, and be fearful when others are greedy. Everyone is laughing at his loss in 2008. Most people are still too short-sighted. Look at what they are doing now. They have successfully tested the bottom. How much profit are they making now? What I say below is what I gained from spending tens of thousands of silver to learn from a successful investor in Hong Kong. And it is used for my current investment. The first reason I answer questions here is to consolidate what I have learned, and the second reason is that I hope to meet like-minded friends so that I can learn from each other, and I also hope to have the opportunity to work together to realize my dream. After answering questions on SOSO for so long, I found that many people are asking novices how to invest in stocks. This is not a good phenomenon, so I would like to share it with you here. The voice of some people... What about you? If you buy a stock, it rises a little and then falls, you can't always make money! well! After I let it go, it keeps rising again, which is really annoying. Talk to newspapers, talk to experts... I bought it and got stuck again. It's a lie! well! A few days ago, A Bing, the guy next door, introduced me to a stock, but I didn't believe it and didn't buy it, but it went up a lot... It was really annoying. It’s true that you lose when you trust others, and you lose when you don’t trust others. What a bad guy! The driving force for the general public to buy stocks mostly comes from the market's optimistic atmosphere and herd orientation. They buy during the hot period (more expensive) and sell during the pessimistic period (lower). Even if they are lucky enough to buy at a low price, they will still buy at a low price. Clearing the position midway and buying again at a high position is prone to self-destruction without realizing it. Although many people have been involved in stock trading for a long time, unfortunately they still lose money in the end. The reasons are: 1. Failure to grasp the timing of buying and selling, 2. Going in the opposite direction to the sure-win path. Mr. Lin Senchi, a famous Hong Kong investment analyst, once pointed out at a seminar that if you had bought Cheung Kong Holdings for 100,000 yuan in 1977, commonly known as Yangtze River No. 1 to Hong Kong people, and it had become more than 23 million yuan by 1997, how much would the stock price have grown? amazing. If you can take advantage of the 1997 Dawang market clearance and fully buy back the shares during the Guan Crocodile War (the Hong Kong government has become the majority shareholder of the entire market, what are you afraid of? This is the "opportunity"). In 2000, we took advantage of the high price to clear our positions (the trading volume was not satisfactory). During the SARS period, taking advantage of the pessimistic sentiment, stock prices were extremely low and trading volume was sparse (those who wanted to sell had already sold short), so they entered the market again with full positions (the market had already corrected half of its correction, reaching the correction target level), and held the stocks until the end of 2007, taking advantage of the prosperous market to clear positions. (The Hang Seng Index PE exceeds 20, and an island signal appears). It has doubled several times and has reached a net worth of 100 million yuan. It cannot be said that it is not destined for you. How many people can practice such a simple investment concept! The economic cycle is divided into 4 phases: prosperity, recession, depression and recovery. The American investment expert "Dow Jones" established the bull market and bear market concept as early as a hundred years ago! Bull market: it is the period of economic recovery and prosperity; bear market: it is the period of economic recession and depression. Bear market: It can be divided into three periods. Its characteristics are that the first period is a period of sharp decline. The stock market has been speculated to extremely high prices. Almost all investors who have purchased stocks before have made money, so people with spare money around them have followed suit. Make money by buying stocks without considering the true value of the stock itself. Stock trading is very hot, people make crazy money, and suddenly domino-like plummets, and this period of unstoppable decline is the first period of the bear market. After a round of slumping, some people thought it was the end and took advantage of the low price to buy goods. The stock market gained support and stopped falling and rebounded. This is the second phase of the bear market. The second phase of the bear market will not last long. Once adverse news appears, another trend will appear again. A wave of selling has plunged more sharply than before. This is the third phase of the bear market. After a period of time, even if there is extremely bad news, the stock market will fall very little or even have no reaction. This proves that all those who want to sell have already sold out. This is the end of the third period of the bear market, or it may be the first period of the bull market. period of gestation. Characteristics of the end of the third period of the bear market: 1. The stock market, which has been rising for several years, then went crazy and fell for about a year. 2 has fallen below half of the market. 3 The average price-to-earnings ratio (P.E) of the Hang Seng Index fell to single values, while the Shanghai Composite also fell below 20. 4 The public is not interested in talking about stocks, the trading volume is quiet, and even talking about stocks has changed. 5 Market investment experts have always been bearish on the market outlook and have the ultimate knowledge of a bear market. 6 No new shares are listed. 7 Major shareholders of some companies continue to increase their holdings. 8 The market showed no reaction to the bad news. 9. Funds began to buy high-growth profit-making stocks in large quantities. 10 The trend is in a positive bottoming pattern, but technical indicators are diverging. In a bull market, the economy seems to be improving. At this time, people start to sell and buy stocks. After a period of stagnant water, the stock market begins to rise slowly and becomes somewhat active. This is the first phase of the bull market. When the stock market rises to a certain point, it becomes a hairy crab in a bear market. It begins to unwind, buying on good news and selling on bad news. It becomes a tug-of-war. The market goes back and forth, and the market has no clear trend. This is the second phase of the bull market. At the end of the second period, the economy improved, buying power dominated, the stock market continued to improve, good news increased, and the stock market responded to it. The stock market continued to improve, returned to prosperity, and gradually moved towards madness. This is The third phase of the bull market.

The stock market has been rising, and people's ambitions have increased. If you enter the market, I will also enter the market. The stock prices are getting higher and higher. The Hang Seng Index and the Shanghai Composite Index are rising but not falling. Some people even plan to make a fortune through stock trading, or make a living from stock trading. The masses work together to bring the stock market to a new height. The prices were pushed up to a crazy level, and many junk stocks with no strength were actually snapped up by people. Investors were hungry. At this stage, everyone was buying stocks, and the daily trading volume was huge. This was the end of the third phase of the bull market. Wise investors are highly alert to this market situation. The storm is about to come, and everything will turn upside down. The funds that can be invested in the stock market are almost exhausted, and they begin to retreat. Friends who do not know how to leave the market will end up with nothing but joy. Bear the pain and regret of the first period of the bear market. The characteristics of the third phase of the bull market near its top: 1) After several years of rising, huge trading volume appears for more than three months; 2) The stock price rises several times, and junk stocks also speculate for several months; 3) The average price-to-earnings ratio (PE) of the Hang Seng Index Rising above 22, 4) citizens talk about stocks as a topic and think they can make a living by trading in stocks, 5) market investment experts are unanimously optimistic about the market outlook, which reflects the rising awareness. 6) The number of new stocks listed has increased significantly. 7) Major shareholders continue to reduce their holdings. 8) The market has no positive reaction to the good news. 9) Funds are buying public stocks and buying rising stocks. 10) The trend chart shows a negative peak pattern. status, technical indicators diverged. I will introduce some practical and basic books to you here. Lin Ruifen, author of "The Complete Guide to Technical Analysis". This book is a technical dictionary, simple and practical. It explains in detail the peaking mode and the bottoming mode. As well as the signals sent by various combinations of yin and yang columns, part of the Dow theory, wave theory and volume-price relationship are also analyzed. "Volume and Price Analysis" Yang Hongji. It explains in detail the relationship between volume and price every day, suitable for short-term speculation and long-term trading. "Dow Theory" Whether it is long-term or short-term stock investment, you must know the bull market and bear market, and what the current state of the economy is. "Wave Theory" helps us clearly understand what state we are in now. All of these need to be used in combination, so that we will win more and lose less. Achieve a state of fortune. You can also refer to the books of Cao Renchao and Yang Huaiding. They all made their fortunes through investment, and their experiences are definitely worth learning from.