Punch hard: Reflections on the stock market

Author: Qi Ji
Publisher:
Publish Date: 2006-03-01
Features: It's indeed not easy to write a book that is somewhat practical and a bit interesting, especially one about stocks! However, in recent years, I've come to believe that stock investment cannot rely solely on predictions. Buying and selling stocks is a complex system of work, requiring not only the right mindset, correct thinking, proper methods, and sound money management, but also a proper understanding of one's own personality. Otherwise, even if you determine that a particular stock is going to rise, you might still hesitate to buy it, or once you do, you may not be able to exit appropriately. Over the past decade, we've learned various technical analysis methods, and the concepts, thinking, and methods we've adhered to—have they truly been effective? I've always held a skeptical attitude toward this. I've strived to change what we're accustomed to, adopting a new way of thinking to alter the beliefs we've long held. This way, perhaps it will be easier to achieve our goal of trading stocks—making money! Why is this the case? Because, before we gain market operation experience, we've already been misled by incorrect market definitions. We've never truly understood the driving forces behind market price changes, nor the process of these changes. Our thinking has always been constrained by limitations, remaining stuck on the surface of the market. What should we do? The key is to engage in deep reflection! Reflect on everything we've learned over the past decade, discern truth from falsehood, and build a new market mindset—ultimately winning in the stock market with fresh concepts. In this book, I intend to explore various issues related to the stock market, hoping that this exploration will hold practical value for everyone.