finalHorse
Jessie Livermore tells you how to make money by speculation!
If you want to make profit in the speculation market, you need to learn a lot, and understand the direction of the least resistance. You have to make your own profit mode, and catch the fat part of the market.
How is your self-control ability? This is crucial
The mentality of trading in the market is crucial. You need to have principle and self-confidence, more importantly, the self-control ability.
Constantly looking at charts and monitoring transactions will only impede your trading
The principle of stock market trading is just like the one in life: too much interference will not lead to a good result most of the time. You’d better set up a deal and forget about it, wait for the time to achieve the good result.
Be a trader with the sense of defense
The mentality of the novice traders could be wrong in the first place, try not to expect making money as soon as possible. What is more important is to preserve and protect your own capital, wait and seize the true opportunity when it appears in the market.
Never operate against the trend
You will never operate against the market trend, what you need to do is to follow it. Try not to pay attention to the words and deeds of the inner circle. They are just cheerleaders of the companies they work for. If you want make profits in the market, you must trust your own experiences and researches.
Always be patient and keep backup cash
Patience is very important for speculators. Always keep reserve money and wait for the good opportunity to enter the market to make profits. Only pick the dynamic leading stocks and operate the funds in the good circulation. These are the keys to succeed in the market.
Learn from your mistakes to make profits
When you make mistakes in the market, admit it and learn from them, wait for the next opportunity and make profits. Follow the principle to do the transactions, only the profitable deals can prove that you are right.
Build one’s own trading system
We should build our own trading system and standard, and we implement it strictly. Investors should be able to feel and measure the market by their own trading system, and try not to be controlled by the market sentiment, and find the excellent companies.
The essence of financial speculation
Financial speculation is the intense and concentrated confrontation of commercial speculation. This needs a physically and mentally healthy body, and it is extreme difficult for a normal person. To be a great investor, you need to be a long-term learner, keep pace with the times, and distinguish the true views of the main market participants.
The Principles of Financial Investment
Knowing these principles of investment will help you get better in finance. They are: the legality of investment, the safety of money, capital preservation, take back at the right time, and diversification of investment.
How to Build Stock Pool?
To build your stock pool, you need to choose the valuable leading companies which are well-known by people with high reputation. According to Matthew Effect, the strong ones will be stronger.
