After I opened the WeChat official account, many fans added me on WeChat. I found that when most novices added me on WeChat, they basically said one sentence: Teacher, I lost hundreds of thousands (millions) There are also), and now there is no way out, what should I do?
When I first entered this industry, I had the same miserable experience. I started working in 2006, but was fooled by the bank into a two-way deposit (10 times the leverage). More than ten thousand yuan. Later, the bank's foreign exchange margin business was closed, so I switched to foreign trading, and ended up losing more than 30,000 yuan in just one month, which was all my savings at the time. This is not the end. In the first five years of my work, basically all my savings were handed over to the market, until the most painful time: I did a silver liquidation, and I didn’t wake up until then. To be honest: a novice invests, 100% Losses, no exceptions, more losses than losses.
Looking at my friends and my own experience, almost novices entering this industry suffer extremely heavy losses. So I have the urge to write an article for these novices, hoping that the latecomers will not make the same mistakes as us, and do it purely as a good deed.
Starting today, I will write a series: I thought about the name for a while, it is the bitter medicine series opened by the old driver.
First dose of good medicine: get off the market early
If you have just stepped into the gold and silver foreign exchange margin market, it is the best policy to leave as soon as possible before you get involved. Even if you lose a little money, it is considered to be cheated by liars (there are many liars in the foreign exchange market), or to go Macau has lost the gambling, and is willing to gamble and admit defeat.
Why do I say that? The reason is that it is extremely difficult for you to succeed in this industry, or that there are very few successful people. What is the reason for this? Maybe everyone has heard a saying, investing in the market, 8 losses, 1 draw, 1 gain. But according to my experience, the long-term profit is less than 10%, maybe 1/1000.
Why is it so difficult to make money in this industry? I have some opinions:
First of all, this is an industry with almost zero starting point. If you regard investment as a start-up, the threshold is extremely low. You can open an account with some start-up capital, which makes the competition in this industry the most intense. Anyone with a little common sense knows that if you start a business, the industry has low barriers to entry. For example, if you open a breakfast restaurant, it is very difficult for you to make money. On the contrary, some industries with thresholds are best monopolized, so it is easiest to make money.
Thirdly, this industry has extremely high requirements for people, and it can be said that it almost requires people to have no major shortcomings. After working in this industry for a long time, in the end, it is really a struggle for character. The excellent qualities of your character, such as: calmness, rationality, decisiveness, patience, etc. will give you rich rewards, and the shortcomings of your human nature, such as : Impatience, greed, fear, jealousy, etc. will get you severely punished. And the worst part is that everyone has flaws, no one is perfect, so no one can overcome those flaws. If you are in business, even if you have some shortcomings, you can still succeed if you do not hide your flaws. But when you invest, even a small flaw in your personality may lead to your final failure, so investing is difficult, even difficult. to the sky.
In addition, the investment market is extremely complex, and it requires experience and time to accumulate. If you take this as a career when you first entered the society, can you endure no income for many years and still send money to the market every year? Even if you can bear it, can your parents, your wife and children bear it? I have been in business for more than ten years and have experienced two complete bull and bear markets. Now I can say that I barely know what the market is going on, and I still feel that the market is too complicated and too changeable. Some people say that trading is like looking for a key. You finally find the key and find that the lock has been changed, and then you have to look for the key again.
Being a professional trader is definitely not suitable for most people. I especially think that the following types of people are best to give up now:
One is those who love leisure and hate work, and want to get rich quickly without paying. There are quite a lot of people like this. They may feel unsatisfactory in real work. Seeing the daily fluctuations in the market, they may be lucky and make some money at a certain time, so they start YY, which is also a way to get rich, and then invest in the market.
The old driver tells you that if you really want to be successful in this industry, you have to put in ten times, a hundred times as much effort, and hard work is only a necessary condition, and success is not guaranteed if you put in effort. If you join this line of work, it basically declares that you have no rest time from Monday to Friday, and you have to stay up until midnight every night, and this time is when young people fall in love and spend the time before and after. I have seen many professional investors who are in their thirties and are still unmarried or even in a relationship. They give their whole body and mind to the market. Moreover, even if many professional investors are married, their marriages are not happy, and divorces abound. Because you are watching the market every night, what about your family and children? Do you have the energy to juggle it? I was lucky. I got married while still in the bank. If I wanted to enter this industry as soon as I graduated from university, with my shy and shy personality, there is a high probability that I would still be single. At the same time, trading is a struggle against yourself. Your circle of contact will be very narrow, your contacts will be very few, and you will gradually lose touch with society. In the end, if you find that you can do nothing but trading, how should you plan yourself? life?
By the way, investment requires hard work. If you put this effort into other aspects, such as work, such as starting a business, the results you get may not only be less than investment, but may even be higher. Take me as an example. Ten years after graduating from university, many of my classmates who started at the same time, after more than ten years of hard work, 99% of them are already middle-class, have cars and houses, and many of them are already the backbone of the company. And mid-level up. As for me, I may be a little better than ordinary people, but you said it is not much better. I sometimes think that if I work in the bank wholeheartedly, in fact, I should not have too many achievements so far. And to be honest, I don't think you must be much better at investing than me.
The second is that people with major personality defects are really not suitable. I have seen too many similar examples. Some people are extremely stubborn, even paranoid (I wrote investor series 3 and 5 as examples), doing this may kill people. Some people say that success belongs to paranoia. This may be possible for industrial investment, but it may be a dead end for investment. In a big bear market, paranoid bearish people may continue to buy at low prices, until the position is liquidated. Investors and investors jumped off the building, these are all cases.
After reading what I wrote above, if you still want to be a professional investor, then there are two possibilities. One is that you are very confident and think that you are smarter than most people and can become the minority. Second, you love this industry.
If you think you're smart, you'd better get out of this market, are you smarter than Newton? Newton made a mess of investing in stocks that year, and finally left the famous saying: I can predict the laws of celestial bodies, but I cannot predict the madness of human nature. There is a well-known hedge fund in the United States: American Long-term Capital Management Corporation (you can search it on Baidu), and its founders all have Nobel Prize winners (see the picture below).
If you think that your IQ is higher than these people, then you should stop investing and just do scientific research. It would be great to win a Nobel Prize.
If you really love trading and love this industry from the bottom of your heart, you can continue to read my series of articles. Why do I say I love this industry, because I am, because I love him, so you are willing to invest all your energy, time, youth, and when you are middle-aged or old, you will not regret it, because of love, so you Only then will you not give up due to a period of failure and setbacks, and you will be able to survive the "darkest moment" in the investment process.
Well, that's all for today's article. I should continue to write this series. In the following, I will point out a general direction for investors who are still determined to enter this industry, so that you can avoid detours, and I will also give some suggestions and advice.
If you read this article, you can repost it so that more people who have unrealistic illusions about this market can see that saving a life is better than building a seven-level pagoda, Amitabha.
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