The main difference between stock novices and stock masters.
Do not discuss stocks with beginners, of course, nor with seasoned investors who have been burned before— it's like talking to a brick wall.
You speak of the high mountains and flowing waters, while they talk about the scenery in a painting.
Especially those with 2-3 years of investment experience, they are simply argumentative.
If you are not afraid of getting into arguments and getting angry, then go ahead and talk.
I still remember my state when I was doing stocks for 2-3 years, feeling that I was like a fighting rooster, strutting and puffed up with a red face and thick neck.
I have never made money, but I have never lost an argument.
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Full of crooked theories and heresies to cover up the reality of losing money.
Of course, some cognitions, due to different experiences and technologies, have irreconcilable contradictions.
1. The market can be predicted.
Then, you will be met with a rush of opposition from both new and old investors who have been burned before.The market is unpredictable. If one could predict the market, wouldn't that make them a deity?
The market is random, which is why there is the theory of random walks.
Buying stocks is a matter of luck, just like buying lottery tickets.
Modern science can predict solar eclipses, lunar eclipses, and the times of sunrise and sunset for tomorrow.
Why can't the market be predicted then?
2. The market is determined.
Then, there is a chorus of opposition.
"The market is uncertain and cannot be predicted."The greatest certainty in the market is uncertainty.
3. Technical chart analysis and fundamental analysis are equivalent.
Most people tend to agree more with the practice of constantly watching the news, policies, and messages.
In fact, it is not necessary at all.
I once met a professional trader who, during his trading period, isolated himself from all news and messages, and made trades solely based on his system and the trend of the charts. He was able to make a stable profit every year.
The reason for this is that he used to seek out news and gossip everywhere.
And he suffered a great loss for it.
Later, he thought, since listening to the news leads to losses, what's the point of going through the trouble to find news?
He simply focused on studying the technical trends and made trades entirely according to his own system and chart patterns, and as a result, he really made money.What does this indicate? It indicates that most of the news is ineffective.
Ordinary people find it difficult to be the first to know truly useful information. By the time they learn about the news, it is already delayed, which makes them more susceptible to being tricked.
Completely banning the news can actually help one avoid investment traps most of the time.
There is one thing that novice investors are most anxious about:
Since you speak so eloquently, have you made a profit or a loss? What is your total profit? And what is your average annual profit?
Once the issue of making money is touched upon, both new and old investors who are "full of theories" will become very depressed.
They always feel that it must be the market that is wrong, and they themselves must be right.
Don't ask me how I know so clearly, because I have gone through this bumpy journey myself.