July 1, 1999, the adjustment. Hunan Warren Qiu Liyuan magazine also said: , reckons, he lists a set of data, that 98 years worth of GDP, of about eight trillion yuan, and 99 years in June on the Shanghai and Shenzhen stock turnover amounted to about one trillion yuan, equivalent to eight the total value of GDP one. speculative excess will lead to bubble burst. If I'm on the stock market are more sensitive to the bottom of each, then top each time I come out relatively slow. But Nguyen wah article reminded me, and deep-technology shares fell sharply. Although I still believe that this adjustment is the long-term upward trend up to mid-level adjustments in the trend, but my value has dropped from a peak of 20% of my trading system also prompted the stock to sell I want to out, in order to keep the fruits of victory, let me millions Fujie title worthy of the name, I am selling 30 yuan to deep technology, and short positions rest.
after I think I finally mastered the stock market's holy grail. If I can buy on the development of 96,97 to make money are dead rat blind cat encountered luck, after 97 to 99 years in the second half of the first half of this period of time facing the wall hard training I felt has been transformed. I understood the policy, not to master the stock market trends can be compared to the general investors. And, I have my own battle-proven trading system of body, deep technology can prove a successful speculation I am not what, 93 years in the stock market is no longer a smear on the Huangmaoyatou the eyes. After 5,6 years of long and arduous journey, I finally went from the stock market in the stock market entrance hall! I doing it again committed, very proud, wherever the face is an upstart.
I finally all the conditions in the stock market reached the ears of the unit leaders. led to my success in the stock market is interested in While I was on maternity leave, did not work, he called me to go flat, detail in my examination of the situation on the stock market. several times met, he told me the mysterious, the unit has a sum of money to be handed over to I went to play the stock market, and if profits, I can make a profit of 15%; if a loss, I must bear the loss of 15%; if the principal amount of the loss 15%, to end all operations.
; I almost said yes without thinking.
months, long-term upward trend in average display it well, and short-term moving average is also facing Jin Cha, right now is the time to buy stocks! a soft spot for high-tech sector. At that time the network has been very popular, and many listed companies have dug out from the bottom of genealogy and network information for their own related to him. My brother is also a geek, often at home to my tutorial in this area knowledge. But I have no interest in the network, see the United States, Yahoo, Amazon without any results that support the enterprise, the share price will be multiplied exponentially soaring actually, I feel weird. In my mind, but the maturity of the U.S. stock market , standardized representative, did not think once the crazy, the Chinese stock market suddenly pale into insignificance.
I decided to buy a performance of traditional industry support of high-tech stocks. I chose Shenzhen stock market in Zhongguancun. Zhongguancun, the predecessor Joan public source license was suspended because of false accounting over two and a half years, after the reorganization, on July 99 Zhongguancun Science and Technology Development transforming itself into a company limited by shares listed in Shenzhen Stock Exchange. We all agree that it is Space rich. Technology is such deep )...... the reason I buy a lot, and now everything is ready, only a buy signal of the trading system.
only a few days, the Commission issued a notice to allowing state-owned enterprises into the market. heard the news I think God helps me make a fortune simply too. Shanghai and Shenzhen stock market, and Zhongguancun also rose. Although my trading system has not issued buy signals, I can not wait around in the 20 yuan Jiancang third. A week later, Zhongguancun sideways to ignore the broader market adjustment, continue to rise, my trading system is a buy signal, so I bought another in the vicinity of 22 per one-third. Zhongguancun price and volume to co-ordinate well, continue to rise, after a few days more than 23 yuan in my warehouse full price.
I just turned positions, Zhongguancun sideways adjustment began. And I thought the broader market does not appear to be favorable policies to stimulate re-adjustment after the end of the upward move of the trend, on the contrary, the broader market down Powei. I began to feel uneasy, feeling like back in 95 years they misappropriated the money for the development of L when the sister scenarios, but I did not issue a sell signal trading system. is feel or believe that their own trading system? I am very contradictory. Finally, I decided to believe the trading system, after all, is the result of battle-tested trading system, free from emotional disturbance. not to mention the broader market may be doing the bear trap.
But a few days began to drop in Zhongguancun. trading system sends signals to lighten up, and I'll lighten up a third of the 21 yuan. lighten up just ended up in Zhongguancun has stabilized, I did not go catching, after years of exercise, the face I will not be missed impetuous, and I know that the most critical shot after the wrong is to calm down and re-examine the situation, look at their strengths and weaknesses. my hands, two thirds of the chips there should not be anxious, etc. It really break up the position no later than the previous high plus.
after a few days with the broader market fell again in Zhongguancun, trading prompted short positions. fell below its previous low, I did not hesitate to sell all. not only because the transaction must comply with discipline, but also to remedy the situation with my view on the fundamentals of Zhongguancun. a few months ago I found a magazine, Zhongguancun is the main industry, a real estate company, which said it was ; high-tech judged too optimistic. I highly dependent on policy, too obsessed with policy, not taken into account when the policy will have failed. If the policy of the time and location of the introduction of outdated and counterproductive. There is my company's fundamentals too sloppy to understand that if I spend more time viewing it's fundamentals, I would not buy such a pseudo-high-tech company's stock.
I found the cause of the failure, we began to settle down, look in the Shanghai and Shenzhen stock market The new target tracking.
My goal is still locked in the traditional blue-chip high-tech industry, stock body. I bought a lot of securities newspapers and magazines, to collect information on the fundamentals of listed companies and the industry fundamentals of the article, and sorted stored in the folder. At that time the magazine had introduced non-ferrous metals in Shanghai and Shenzhen stock market listed companies feature articles, I also retained, after several years of attention, the second half of 2003 involved non-ferrous metal plate I low Shigekura , profit a lot of money. I Jiancang non-ferrous metal plates and information in the forum, while the analog operation of buying copper are copper, has been quietly holding, unfortunately, and information forum for a variety of reasons investors have not lost patience Note.
me after repeated screening phase of the Shanghai and Shenzhen stock market, a well-recognized high-tech blue-chip electronics Shareholders. Dongfang Electronics fundamentals of good nature I do not have more words, but the key is just like it except I have the right to , deep technology Tianquan market success I did, so the back is a choice whether or East Zhongguancun electronics, my thoughts are �:�«��ư.
from the end of the year has become increasingly closer, I worry that money should lead take it back, asked him to call. Results matter, he said, allow me to continue to use the money. I worry, and began to slowly positions. large amount of funds, until the system is clearly a buy signal then Jiancang No, only one step ahead action.
Jiancang not yet completed, the leadership suddenly called me and said to give the money back. I like being punched severely hit the spot, a half-day wake up to. I just get through a huge staff Dongfang Electronics the impact of market share, its stock price is still low, this time to sell, not only to a loss of money units, according to prior agreement, I have to compensate the total loss of 15%! but I have no way secretly to the leadership of eighteen times on behalf of ancestors do not curse, can only sell shares vomiting blood.
2000 In the first opening, the stock market led to usher in a network of high-tech turmoil. listed OCS busy, whether true or false, as long as the name of James word on the digital or network, the stock will skyrocket. paying the money on my own top of Dongfang Electronics, though not the network concept, whatever the outcome, wearing hats with blue-chip high-tech, the share price from 14 yuan to 45 yuan, but also scenery the last time. and so it fell to 30 yuan from 45 yuan, I sold all. I'll not only make money back to the unit, as well as extra profit.
electronic performance of the East was the truth by the media to expose fraud , although I do buy the shares it has in the past, or be cold sweats! of survival in China's stock market environment is too bad, all kinds of traps clouds, to When the meaning of blindly copying the masters to learn the books of the classic concept of investment, it will only harm to others.
2000 fiscal year is my valet most of the year. because it involves too many people and things, I do not want specific described. I only talk about the results: hard one year, ��:��ˮһ����. Although some successful operations, such as the hot stock market saw my leadership, but also my unit manipulator, when the Internet market has been at low tide, I'll buy units of Dongfeng Motor, May 5 yuan more than the price in, September 7 yuan more than the price of it, and then again in November the price of 7 yuan more than in, the second year in July from 10 yuan in the vicinity ...... but not every transaction can be so successful, because money is others, the failure of fair to very unhappy customers, customers who often do not understand the stock market, he only looked at his short-term account increase and decrease the money to determine my success or failure. is often a normal callback that will make them panic, desperate to call me, I need not stop to explain, and obviously no peace. In order to avoid interference, I unplug the phone line at home, do not deserve the phone. The key is, I am subject to the use of funds time! time to become a straitjacket on my head, so I increased the pressure.
as a unit of Trader's sake, I can do not go to work and receive wages as usual. I got into the big room, but the big room environment, I could not, fresh for a while, I still go back home. I do not like to read the tape during the day to sleep; night we all slept, I was full of energy sitting in the library watching the stock, Ye Youshen general shuttle in the study, living room, kitchen, dining room, between the garden.
the relationship between husband and I are very nervous, my accepted. He felt very foolish I financing agency, I'm ambitious but also so that he can not stand the way. We often quarrel, at daggers drawn.
this life lasted a year, until after the end of 2000, I realized private Province is a dead end, and slowly retreated. fluctuated my own money a year, year-end close to a Red Star. Fortunately, it was in 2000, the overall trend of good, if not I have received fast chips, to continue on behalf of the VIP banking go on, in 2001 - early 2003's bear market, I may be the fourth time bankrupt.
degree of sunset red. hair chiao islet on the river fishing, spring moon used to look. pot liquor Happy Encounter, capital stock (past and present) the number of things, have to pay jokes. .
private is very poor, holding the dubious from a variety of channels (diversion, the case of loans up to) funds to the stock and futures markets fight, with his life and time to race, gamble. but you never not know when the market will be as you expected performance. Typically, the market will not refuse your prayer, but will delay fulfilling it! numerous agencies, brokers, shareholders are therefore fall. First of all their funds improper source, subject to time constraints, they can not control the market followed the trend, the end result of time able to escape punishment, have ended in failure. It is also overcomes.
raised funds, but not much better, Although the bullet raised funds sufficient, without limit of time (relatively speaking), but the raised funds are institutional problems of fatal injuries, personnel changes often make short-sighted bosses, for their own interests when the interests and achievements in office, once the emperor a courtier, is not conducive to the cultivation of the Fund and implement the investment philosophy. not to mention a variety of Rat rampant within the Fund, or and private collaboration in the stock so high when the pick up plate defects.
in the securities industry, the real concept of a master is to rely on winning! whether Buffett, Peter. Lynch, John. Bo Geer, or Soros, and their common feature is the stock market as a testing ground for their ideas, and long-term adherence and, ultimately, Success!
China is not the lack of large institutional investors, but the lack of professional investment institutions. The difference is obvious. The former policy of relying on significant financial and information superiority, the latter need to be professional investment philosophy and approach, and must be several decades of the stick.
China has done the best in professional investment institutions, I personally think that Harry investment. Over the years, they insist the investment philosophy is very successful in the secondary market. their life do share very low-key, from the wrong hero. buy the stock and the price is forgotten by the public at a low bit. After a thorough investigation in detail, once the holder to insist Aoyama do not relax, the stock can not rise unswervingly adhere to a few years and can affect the strength of their own business. until their stocks have a certain increase slowly, they are not greedy, not swagger to themselves one step ahead calmly exit. the one hand, the last paragraph of the most difficult nut to give other agencies to make a fortune, to be a hero, completely avoiding harm to innocent people shipping difficulties, the other funds in hand, can continue to maintain our edge, fame and fortune double income.
Intuit is not who wins it measures, wins have been losers as well. so and skilled persons, invincible, and yet the enemy of the loser. seven feet high over the fence, we need to go around looking for easy to step over the foot high security fence. Or Qilu Petrochemical 2003, Wuhan Iron and Steel shares are cheap early sneak in, and then in the middle of quiet out rally, the final glory and failure to leave to others.
China has done the worst in professional investment organization, I Delong personally think it is. They practice exactly the opposite Harry, and bright, in the end the hero has suffered.
in recent years to jump from behind the front Down brothers everywhere show the great achievements Delong, please books were written Biography story to write about the heroes Delong, gold plated abroad, with the international management consulting firm known cast ogle, and then get QFII holding hands, so that the skin of water ran out of stock analysts Zatanzatan spirit of patriotism and for Delong China's national industry's determination to struggle for life, talk about Deron Department of the few stocks on the secondary market to have investment value, and now the value of million to buy thousands of value ..... show bigger and bigger, do not know can not adhere to the China's stock market completely open day Warren Buffett took large amount of money you can buy an equity line to cheer Delong? or stick to the Chinese stock market that day to be fictitious short their stock?
remember that the Chinese Mu Qizhong richest man is so great cause, for a blow to the Himalayan mountains, one will go to the acquisition of Bank of America, to put a satellite into space for a while and eventually sent to prison himself to sleep. Delong dove drink thirst quencher, not only the hands of individual investors do not want to let go a little silver pieces, it is hoped that through a variety of things to show a variety of units and agencies, including institutions of foreign money sucked into his body, as ; Xixingtaifa method . Results Almost all people are trying to do was come to the same fate. They went bankrupt. sad thing is the world ah.
Deron Williams, all the way.
Valet year in my career reflection and summary of financial management in the end of 2000.
2000 the stock market is the most exciting topic to see 2000 points in 2000; most fascinating topic is to be launched in Shenzhen GEM; the most promising topic of placement of shares traded transfer; the most sensational topic of short-term master stone to open the myth; most exciting topic is the implementation of stock-secured loan programs; the most sensitive The topic of shady fund; topic is the most helpless down and die Zhengbaiwen ......< br> Year after year, end of the piece were hard to loose.
just into the new millennium, the stock analysts who storm .....is not small is good, is good! stock market is a barometer of the national economy, so the stock market should continue to rise, rise. All stock is a good thing, worthy of the major interest groups advocating !When evenly matched with each other, hard to up and down when the retail investors who may be the world. and the flames that burned hand to throw the fireball, so that we catch, and himself out of danger.
remember the time I wrote In a famous article published in the journal of securities. But I am nameless magazine famous, so my article was the old series were large segment deletion. I wrote in the article it all :It can not be optimistic, it can not ignore the cruelty of the adjustment and persistence. late Professor Wu Jinglian, the talk of regulation and activities, manage and only time to escape the majority of individual investors and some institutions making. At this time, not the most difficult to grasp the trend of the broader market and individual stocks, but investors own mind. maintain a normal, proper treatment of adjustment, not impulsive, not luck, remember that cash is king l r, certain things have to have. until the people lost on the stock market patience and confidence in the day, do a warrior, into the battlefield! adjustment comes, it must take a rest.
Since that time, I decided not to write articles to newspapers and magazines published. Diandaqike, people under the eaves, how can we not bow. situation is stronger now than people , untouchables to escape it.
not easy to write articles, write in the article is also easy to exit the stock market closed. not easy to practice what they preach is the article inside and outside, not only said, still do. I myself can not do all of the funds to exit the stock market.
I left some finishing touches financing agency also did not finish projects, especially in units of money, go buy a good Dongfeng Motor, trading system has been prompted shares, I can not because of that . finally decided to follow the trend of the trading system in accordance with the sell signal issued to operate.
My brother saw me feed the dog at home all day doing nothing watching DVDs flowers, give me my offer advice: fun. There are many financial securities of domestic sites, you can publish in the forum post, no one deletion of your post. The most famous adventure about pirates and treasure stories, I feel like a small sea pirates share leader.) began in the major securities removed from the site. was one of my favorite sites to the 0578 Forum in Qinghai to the Securities and know where a few good friends, and later closed when the Qinghai Securities Forum 0578, they became the first islanders to stay Treasure Island. One of them is called Xin Tian's sister, helped me greatly in with her Network access to the day every day, she snow smart, talented, fascinating and charming yet subtle wisdom of life willing to dull me, I finally realized that stock market is doing just live an offshoot of the art, the greatest happiness is to keep his to maintain a balance! Whatever it shares or man, should be so.
elders in my house there are many good people, my parents are intellectuals, in their respective areas of work is an expert authority. I grew up was taught to strive for immoderation ideas, so strong is better, both in the student practicing martial arts school or a school dance after winning the provincial championship play the stock market keep on fighting until the success of the character portrayal is unyielding courage.
because the elders of the beats, I suffered in life to eat less, more hard-edged, its own way. this character to the stock market, after the market's numerous lessons, little by little, slowly changing, but I own a Time can not detect it.
2001 in the first half of the stock market go very tough, every major market will grind down all thought that the end result and the previous Fan Shen. the one hand, stocks continue to dive the other hand, frequent hot appear very attractive. I know this trick called cold boiled frog, the results will be bad, but still can not control yourself from the stock market.
amount of money I feel like I do not follow the trend is more appropriate than the left one step ahead. not to mention I have the funds distributed unevenly in the top 5-6 stocks, even if the broader market down-turn soon, if not the end of the phenomenon as a continuous fall of 96, I am out at most minor injuries. to look at their strengths and weaknesses after without thinking I began to make a robot, all in accordance with the directives issued trading action.
but the market is difficult to do. the broader market despite constantly high, stock movements are erratic, there are often not enough time to book profits realized , and turn into a loss, minor injuries wounded out of the situation. Over time, I appeared in 17% of the total market value of the loss, I continued to make money in addition to Dongfeng Motor reservations other than the stock all the exit clearance. I find myself trading system is not working, unable to adapt to the new situation, the need to improve.
I started to improve their own trading systems. The work continued intermittently for a year's time, finally gave up. I gave up for three reasons:
I find it hard to begin to grasp the global trading system between the scale and detail issues. to the pursuit of the overall situation is bound to be exact injury, to preserve the overall situation can not be precise and perfect. like the cold at night to the body through the other side thermal heating of the two hedgehogs, too close to the body of the thorn will hurt peers, stay away can not reach the heating purposes. I am more stupid, no good way to get the two into one, had to abandon care of the details of the global .
that period, most like to listen to Teresa Teng street so long; I would like to down the river, to look for her, as if faintly surprised to find her in the center of the water.
to give up the second reason is because the cost to see the Buddha Lee's . determined to see it, the results are halfway. has been to Hainan Publishing House in 2000 bought the .2001, do not know how many times reading this book, and improve the trading system because they can not overcome the difficulties encountered in a bad mood, read this book to gift to a despair. I feel like such Livingston Great for hand ultimately failed, to commit suicide as the final book in the footnotes, the interpretation of the ultimate fate of the speculators. I'm here to stop crunching trading system Scrapped together, and I'm afraid the end result is not bankrupt jump, better than his not much.
then think of Long-Term Capital Management collapse in 98 years to do, which owns the operation of the world's foremost expert Meriwether bonds (known as the Midas touch can be the father of the Wall Street bond arbitrage) and Rosenfeld, has the world first-class research talent, the Nobel laureate in economics, Merton and Schultz (who won the title for option pricing formula), an international public relations on a first-class finance talent Morris (former U.S. Deputy Minister of Finance and Federal Reserve Vice-Chairman), the world's foremost computer programmers, brains, tricks, design the world's foremost securities arbitrage strategies and trading systems, whose own design to the final collapse , escape the fate of failure. I an ordinary little woman, a student was often fail math, and the big man is simply not that big a hero comparable, but also wishful thinking to conquer the world trading system with really frogs, people laugh. After thinking, feeling weak, limited intelligence, trying to improve the trading system better and better too presumptuous. so think about it, a heart will slowly faded.
more The key reason is that as time goes by, I gradually realized that to be the ultimate success in the stock market, the most important thing is to keep yourself balanced, adhere to a correct philosophy, I believe the value of time!
If the stock market is virgin forest, a variety of technical analysis, magic swords and guns in the hands of the software is your club and other weapons of eighteen, obsessed with the illusion of sharp weapons can be out of the vast virgin forest is impossible; you must also understand the use of compass directions If you could not tell the direction, you can never be out of the forest. in the stock market is sure to look at trends, do not understand trends for only a failure; to get out of this piece of virgin forest, based on the clear understanding of the direction you need to find (open) a suitable way to go, so you have to respect the stock market on the basis of trends find their own trading systems. But you have to understand that his aim was to move out of this primitive forest rather than the road! many often on how to build roads, details of how the roads dotted with relish, the ultimate aim against his own forgotten. and some ill-intentioned people who take the opportunity to brag about in the original forest to build a straight, the ground is gold from the broad road paved, netted some like to take advantage of people. Finally, you also have to understand that even if your hands have the Heart of the weapons, a clear understanding of the direction, you can find a way out of the primeval forest, you do not necessarily live to go out. because there are numerous difficulties to be overcome along the way, in the harsh natural environment in the face of raw desire, death threats, faced with a sudden attack of risk, the challenge of physical limits, or even have to face fellow travelers of the plot all the time hh test their wisdom courage, faith will. a lot of people due to its poor quality, pour in the half-way.
in the stock market, and then the right investment strategy and then a sound trading system, eventually need people to practice operation. If the operating system implementation of the strategy of people go astray because of human weakness, failure is inevitable. So LTCM, though they have superior talent, fantastic combination of the team, but because of excessive greed , borrowing too much leverage, and finally fail miserably; so Gann in his , trying to let the market will go with him, rather than wait for the market turnaround naturally. Livingstone finally committed suicide, death in fact bankrupt. causes another reason of his failure is his addition to learning how to make money other than nothing Science.
Throughout the history of the world for hundreds of years of securities, those heroic epic story, have all ended in failure because the final analysis, occurred because of human cognitive bias, desire expansion, loss of balance in an attempt to transcend time, and finally the total A significant difference will be chess, the miscues.
rolling in the Yangtze River eastward, spray depleted hero. success or a failure turned around and empty, Aoyama is still, How Many Suns. chiu islet on the river fishing hair used to look at Spring Moon. pot liquor Happy Encounter, how much money paid for shares things, have to pay jokes ......< br> William. Gann was the great 20th century speculative (investment) home, a young man who in 25 transactions 286 days of speculation, 264 times to make money, losing only 22 times the total profit margin of up to 92.3%. Gann use of astronomy, mathematics, geometry and other aspects of knowledge creation of a unique theory of technical analysis, including the law of vibration, cycle theory, Gann angle lines, Gann square, hexagonal, etc. Gann. his 53 year career on Wall Street, earned five million U.S. dollars last mission accomplished.
Gann experienced a 1929-1933 economic crisis and the Great Depression, World War I and World War II has experienced a series of very turbulent era, here's Road. Jones index is generally between 41 -381 points shocks. because the world political and economic situation worse, the stock market small environment not good (Li Fei Buddha's and the stock market have been profound changes in the environment, Gann has gradually changed from a speculative investor. his life most famous works, is that he wrote in later years, , the Gann stepped down, said: has no sense to me. my income more than my expenses, because ...
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