Priceless Treasure - 30 Stock Market Theories

Author: Wang Yiwen
Publisher:
Publish Date: 2006-09-01
Features:
V. Choosing a Coach
Many people would rather choose to be a failure than to rely on the good intentions of others, whether paid or unpaid. When learning to play table tennis, we need a coach; when traveling, we need a guide; and when fishing, we also need coaches and guides. A good fishing guide can help you find the fish you need in various waters. However, although many investors admit that stock trading requires skill, they cannot accept a stock market coach and guide.
Stock market commentators are a type of coach and guide in the stock market, but most retail investors do not trust them. This is because a few "rogues" in the industry have led to the fate of being labeled as "black mouths." In reality, true "black mouths" are extremely rare, and most practitioners still maintain professional ethics. Moreover, the stock market is unpredictable, and since current stock commentators are not allowed to trade stocks, they lack practical experience. Therefore, some analytical errors are inevitable.
Another low-cost coach is books, which contain the insights of investment experts in the market, summarized through years of practical experience. They can significantly improve a retail investor's investment level. Once, there was a very diligent investor who spent four years studying various classic investment strategies in the stock market. Until one day, she accidentally came across a book titled Winning with Strategy and was instantly moved to tears. It turned out that all the experience she had summarized was already written in the book, and the book cost only about 20 yuan.
In fact, many retail investors often experience gains or losses of thousands or tens of thousands in actual trading, while the price of a book is only one percent or one-thousandth of that amount. They often act without hesitation when cutting losses of thousands or tens of thousands of yuan but are stingy about spending money on a book. This is like those who would rather wait in vain and return empty-handed than read fishing books or hire fishing coaches. Of course, they cannot enjoy the of fishing in the stock market.