stock manipulator

Chapter 2 The Challenges of Stock Market Speculation (1)
Stock market speculation is the most fascinating game in the world. However, this game is only suitable for people with high IQs, hard-thinking people and people of sound mind to play, not for adventurers who want to get rich overnight.Otherwise, once unsuitable speculators rashly enter the stock market to engage in speculation, they are doomed to end up with nothing, or even living in poverty.

For many years, whenever I attended a dinner party, strangers almost always came up to me, and after a little greeting, they always asked me, "How can I make money from the stock market?" For those who make quick and easy money, I will patiently answer their doubts, or often find a polite excuse to get out of the inquiry.In later years, I had only a blunt answer of "I don't know" to my consultants.

With these people, it is difficult to continue patiently explaining.First, such an inquiry is hardly flattering to a man who has done extensive research on investing and stock market speculation.It would be fair if the consultant asked a lawyer or a surgeon a similar question—"How can I make quick money in law or surgery?" Those who devote themselves to investing or speculating in the stock market are willing to pay their sweat and research energy to obtain a reasonable return if there is a guide book or advice book that can point them in the right direction.It is for these people that this book is written.

This book mainly introduces some unforgettable personal experiences during my career in stock market speculation—there are memories of failures and records of successes, as well as the lessons each experience gave me.Through these introductions, my point of view on timing elements will be fully demonstrated: In stock market trading, the timing of trading is of the utmost importance to successful speculation.

But before you go any further, take my advice: the amount of success you will reap is directly proportional to the sincerity and sincerity you show in your endeavors.In action, you must make your own market records, use your brain to think, and draw your own conclusions.If you're wise, you won't be reading "Getting in Shape Tips" yourself and leaving the exercise to someone else.So if you want to follow my code of conduct sincerely, you can’t leave the record of the market to others. My code is to closely link the two factors of time and price, which I will gradually clarify in the later part.

I can only add a little light to your path, and I will be very pleased if you can make money in the stock market under my guidance.

The reading object of this book is people with speculative tendencies.In the book, I will describe some of my opinions and ideas accumulated in my years of investment and speculation career.If a person has a talent for speculation, he should regard speculation as a career and practice it seriously, and cannot play speculation as a gamble like many people do.If I am right that speculation is a profession, then all those engaged in it should make up their minds to study hard, make full use of available information, and maximize their ability to speculate.During the past forty years I have devoted myself to making speculation a risky and successful business, and at the same time I have discovered some principles of speculation, and I believe I will continue to discover new principles of how the stock market operates.

How many late nights, I tossed and turned in bed, thinking about why I couldn't foresee the upcoming market, so that I could outline new ideas to deal with when I woke up the next morning.With little patience for daylight, I began to test the feasibility of new ideas through historical market records.In most cases, such a new idea is not applicable, but the merits of it have been stored in my subconscious mind.Maybe some other thought comes up some time later, I'll verify it right away.

As time went on, various ideas gradually became clear, and I was able to record the market in a new way, and use the new market record as a guide for speculative actions.

To my satisfaction, my theory and practice have proved that there is never anything new in a speculative career, or investing in securities and commodities.In some market environments, we should speculate decisively; but in some market environments, we should not speculate.There is a proverb that fully illustrates this truth: "You can bet on one horse race, but you can't win all horse races." The same is true for market operations.Sometimes, we can make money from investing or speculating in the stock market, but it is impossible to make money consistently every day and every week.Only a fool would want to do this, and there is no such thing as consistently profitable.

In order to successfully invest or speculate in the stock market, one must form one's own judgment about the next direction of the chosen stock.Speculation is more about predicting the direction of stocks.In order to study and judge accurately, you must have a clear basis for prediction.For example, when a piece of information is announced, you should independently analyze its possible impact on the market from the perspective of the market.You have to do your best to anticipate the psychological effect the information will have on the general investing public—especially those who have a serious interest in, and may have a stake in, the information.If it is inferred from the market point of view that it will produce a clear bullish or bearish trend, then don't draw conclusions arbitrarily, and you can't be sure of your inference until the changes in market conditions have verified your views and judgments, because the market conditions may not be the same as yours. as clearly judged.Examples are as follows:
After the market has been moving in a clear trend direction for some time, a piece of bullish or bearish information may not have any impact on market movements.Because when the market itself is already overbought or oversold, the market will definitely ignore this information.At this moment, for investors or speculators, the records of historical market changes in the market under similar conditions have extremely high reference value.At this time, investors or speculators must completely abandon their own research and judgment on the market, and turn their attention to market changes themselves.The market is never wrong, but personal judgment on the market is often wrong.For investors or speculators, unless the market conditions change according to his research and judgment, personal inferences about the market are worthless.Now no one or organization can artificially create or stop the market.A speculator may be able to form his own opinion about a stock that he is convinced is about to experience a significant advance or decline, and that subsequent changes in the market will confirm his view. Even so, the speculator still It is possible to lose money because he may make his own judgment and act on it too early.He believed that his research and judgment were correct, so he acted immediately. However, after he entered the market and placed an order, the market went in the opposite direction.With the market stuck in a stalemate, speculators are exhausted, so they can only sell their positions and leave the market.Maybe a few days later, the market trend turns better, and the speculator enters again, but as soon as he enters the market, the market turns again.Once again, he began to doubt his own research and judgment, and took advantage of the momentum to cut off the position, but the market started again.Due to his eagerness for success in the stock market operation, he made successive mistakes in judgment, which led to the failure of speculation, and finally lost the courage to fight the stock market.Of course, it is also possible that he has placed orders in other markets and will no longer increase his position.Therefore, it is best to avoid impatience in stock market speculation, which will cause the opportunity to be lost before the stock market really starts.

What I want to emphasize here is that if you have a clear judgment on a stock or a group of stocks, don't rush to buy them.To wait and carefully observe the market trend of these stocks, choose the opportunity.Be sure to find out the basis for judging market changes.Say, for example, that a stock is currently trading around $25, and it has been in the range of $22 to $28 for quite some time.Suppose you are convinced that the stock will eventually climb to 50, say it is now priced at 25, and your judgment is that it should rise to 50.Be patient at this time!Wait for the stock to become active, wait for it to continue to make new highs, such as rising to $30.Only at this time can you be sure that your research and judgment have been confirmed by the market.

The stock must have entered into a stronger market, otherwise it would have been impossible to reach 30.Only when this stock has shown these signs of change, can you judge that this stock is likely to be in the process of rising-the market has begun to start.This is the time to judge your point of view.Don't be discouraged if you don't buy at $25.

If you bought at that price, the process is likely to be that you wait and wait, wear yourself out, and sell the position before the market moves, because you sold at a lower price, you Maybe you will regret it, so when you should have bought it again later, you missed the opportunity.

It has been my experience that the real profits from speculative trading come from positions that have been profitable from the outset.Next, I will list some operation cases I have experienced. In these cases, you will notice that my first transaction is completed at an important psychological moment-that is, the current market trend is very strong. And this trend will continue to run.The stock kept going up, not because of my actions but because there was a powerful force behind it that forced it to go up.There have been many times, and like many other speculators, I have not been patient enough to wait for this moment of clarity.I also want to profit by holding a market position at all times.You may ask: "Since you have so much experience, why do you allow yourself to make such a mistake?" The answer is simple, I am human, and I also have human weaknesses.Like all speculators, I can be impatient and impatient at times, which robs me of my good judgment.Speculative trading is very similar to a card game, like bridge or something similar.Each of us has a common human weakness, playing bridge, wanting to win every hand, no matter what the cards are.Everyone has this common weakness more or less, and it is this weakness that has become the greatest enemy of investors and speculators. If proper precautions are not taken, it will eventually lead to the failure of investment or speculation.Full of hope is one of the distinctive characteristics of human beings, and fear is also another distinctive characteristic of human beings.However, once you combine these two psychology of hope and fear into speculation, you will be in a terrible danger.Because you may be confused by two kinds of psychology, which will turn black and white--hopeful when you should be afraid, and terrified when you should be hopeful.

(End of this chapter)