In 2008, China's A-share market plunged to 1,664 points. The market was engulfed in despair, and countless retail investors sold their stocks at a loss.
Down-on-his-luck young man Ding Li entered the stock market in the depths of the bear market, nearly becoming another lamb led to slaughter. By chance, he met Zhou Yufen, who lived quietly among ordinary people, at Chang'an Park. The old woman didn't teach him any of the get-rich-quick tricks circulating on the market. Instead, she used the Tao Te Ching to analyze the market and interpreted candlestick charts and order books through the principles of yin and yang.
Misfortune may be what fortune depends on; reversal is the way of the Dao.
When others were afraid, he saw the chance for yang to emerge from the depths of yin. When the crowd went wild, he remembered the warning that knowing when to stop keeps you from danger.
After suffering the bitter lesson of chasing highs and losing heavily, Ding Li gradually shed his greed, anger, and obsession through repeated gains and losses. He used peanuts to understand the yin and yang of the market, reviewed thousands of bull stocks, and honed three unique strategies: Riding Momentum, Five-Wave Dragon Slayer, and Dragon's Tail Sweep.
He endured the long, bitter bear market, staying out of the market and proving that the soft can overcome the strong. When the bull market went wild, he warned of the risks in advance and exited decisively. Starting as a small retail investor, he built a trading studio and taught classes. Through successive bull and bear markets, he came to understand the struggle over shares and the cycles of human nature.
The stock market is both a casino of carnage and a proving ground for the mind.
There is no golden finger from heaven, only the edge that comes from truly understanding the market. Ding Li believes in following the leaders, never guessing tops or bottoms, and only acting with the trend.
After eight years of ups and downs in the market, he finally grasped the truth of trading: rises and falls follow the laws of heaven, while profits and losses come from the human heart.
Only by following the market's rules and staying true to yourself can you move steadily forward through the torrent of rising and falling candlesticks.
It would be great if there were color illustrations of the battle tactics; they would make it easier to understand when combined with the article.
It is an excellent book about stock trading principles and operating systems. It progresses from simple to complex in a step-by-step manner, incorporating Taoist wisdom. It is worth reading and emulating.
Not bad, keep it up!
The author's summary is insightful, combining theory with practice, making it a worthwhile read!
The preceding theory, using the language of Lao Tzu, is quite novel.
This book applies the wisdom of the Tao Te Ching to the stock market and thoroughly explains human nature. It is a good book and worth reading!
It's a very real journey, step by step.
Good good good good good good good
A seasoned stock market investor with 10 years of experience, a professional stock trader, thinks this is very well written!
Easy to understand and progressively deeper, it truly deserves to be a bedside book when it first entered the market.