Directly kill the existence of the Dragon and Tiger List, haha, so sharp! It's a very practical article, with a lot of useful information on tactics and mental journey, which is very enjoyable to read.
Cultivation of the Mind in the Stock Market: An Exploration and Upgrading of the Cognitive Dimension The stock market has never been a purely technical gaming field, but a testing ground for investors' cognitive dimensions. From the chaos of chasing ups and downs to the transparency of following the trend, the six levels of stock market mind cultivation are essentially a journey of continuous dismantling, reconstruction and upgrading of cognitive dimensions - each breakthrough of a level is a breakthrough of the cognitive boundary of the previous stage, from a lower-dimensional "local bias" to a higher-dimensional "global transparency". This quest has nothing to do with talent, but only about "breaking persistence": breaking luck, breaking indicators, breaking system, breaking discipline, breaking probability, and finally reaching the ultimate dimension of "un-persistence and harmony". 1. Single-point intuitive dimension: Searching for the "cognitive anchor point" in the "luck maze" The "gambler's psychology" that first enters the stock market is essentially a zero-dimensional cognitive state: investors only have two single points of "up/down" in their eyes, and their decisions are all based on emotion-driven intuition. They equate the market to a "casino" and use "luck" to explain all results. - Dimension limitations: Cognition is stuck in the linear correspondence of "event-result", and neither the fundamental logic behind the stock price nor the probabilistic relationship between risk and return can be seen. It's like looking at a skyscraper from the ground, only seeing the doors and windows on the first floor, but mistakenly thinking that it is the entire building. - Search direction: The starting point of this search is "disenchanted luck" - after chasing ups and downs several times, I suddenly realized that "small profits and big losses" were not bad luck, but a lack of basic understanding of the market. So I started reading financial reports and learning K-lines, trying to find a "cognitive anchor" for my intuition. Even if I just understand the basic meaning of "price-earnings ratio" and "moving average", it is the first leap from "zero-dimensional single point" to "one-dimensional linear" cognition. - Searching for the essence: From "passively accepting the results" to "actively seeking the reasons", it is the bud of the cognitive dimension from "no frame" to "building a frame". 2. Tool dependence dimension: Searching for the "system entrance" in the "indicator forest". Entering the "technical cage" stage, investors' cognition is upgraded to the one-dimensional tool dimension: they begin to rely on technical indicators such as MACD and KDJ, but fall into the maze of "indicator stacking" - looking at more than ten indicators at the same time, when the golden cross and the dead cross conflict, it is more confusing than relying on intuition. - Dimension limitations: Mistaking "tools" for "truth" and mistaking the "correlation" between indicators and stock prices for "causality" is like using a ruler to measure the height of a forest, but ignoring the soil (macro policy) and climate (market sentiment) where the forest grows. Cognition is bound by tools, and "global variables" outside of indicators cannot be seen. - Search direction: The core of this search is "the obsession with breaking indicators" - when I find that the same "golden cross" makes money in the bull market and loses money in the bear market, I finally understand that "indicators are the market's rearview mirror, not the navigator." So I started to look beyond indicators to industry policies and company profits, and tried to combine "technical signals" with "fundamental logic," such as "looking for the golden cross in the policy-supported track." This was a breakthrough in cognition from "one-dimensional tools" to "two-dimensional combinations." - Searching for the essence: From "using tools to fit the market" to "using the market to choose tools", cognition begins to take the form of "multi-variable integration". 3. Three-layer system dimension: Searching for the understanding of the "logical closed loop" and "strategic and tactical" stages in the "fragmented chaos", upgrading the dimension to a two-dimensional three-dimensional dimension: investors build a three-layer framework of "macro-industry-individual stocks" and no longer look at individual stocks in isolation, but put them into the coordinate system of "market level-track prosperity-valuation opportunity" to achieve a leap from "fragmented operation" to "systematic layout". - Dimension limitations: The system at this time is still a "static framework" - for example, GDP growth is used to determine the direction, but the lag of macro data is ignored; policies are used to select tracks, but the time difference between "policy implementation and performance realization" is not taken into account. Although cognition has "three-dimensionality", it lacks the ability of "dynamic adaptation", which is like walking through a dynamically changing maze with a static map. - Search direction: The key to this search is "filling system loopholes" - when cyclical stocks bought according to the "macro-determined direction" suffer losses due to sudden policy changes, a "dynamic adjustment" mechanism begins to be added: for example, macro judgments are revised every quarter based on PMI and CPI data, and "trial and error positions" are used to verify the logic of the track, and then gradually increase positions. This is the deepening of cognition from "static two-dimensional" to "dynamic two-dimensional", giving the system the ability to "self-iterate". - Searching for the essence: From "building a framework" to "improving the framework", cognition begins to change from "passively adapting to the market" to "actively guiding operations". 4. Dimension of rule execution: Searching for the "unity of knowledge and action" in the "emotional storm". When reaching the "above discipline" stage, the cognitive dimension is upgraded to the three-dimensional execution dimension: solidify the system into "iron rules", such as "2% stop loss" and "no more than 10% of the position". The core challenge is no longer "whether there is a system", but "can it be executed" - when the stock falls below the stop loss level, can it resist the fluke of "wait a little longer and it will rebound". - Dimensional limitations: Although cognition has a "system + discipline" framework, there is still a gap between "knowing" and "doing": intellectually, we know to stop losses, but emotionally we are reluctant to cut our flesh. Just like knowing that "running a red light is dangerous" but still running it when anxious, the essence is that the "cognitive rules" have not been internalized into "muscle memory", and emotions are still the "invisible obstacles" in the cognitive dimension. - Search direction: The core of this search is "taming emotions" - through the "maximum retracement training" of the simulated account, repeatedly practice "cut the position if the stop loss is exceeded" until the heart rate no longer soars due to losses when making decisions; use the "trading log" to review every "discipline-violating" operation, find the emotional trigger point (such as "panic after a floating loss of 5%"), and adjust the rules accordingly (such as setting the stop loss level to 3% to reduce emotional pressure). This is the transition from "cognitive discipline" to "behavioral discipline", where rules are integrated into neural responses. - Searching for the essence: From "using reason to fight emotions" to "using rules to tame emotions", the cognitive dimension sinks from the "thinking level" to the "behavioral level" to achieve a closed loop of "unity of knowledge and action". 5. Quantitative probability dimension: Seeking "fuzzy correctness" in "uncertainty" Entering the "probability master" stage, the cognitive dimension is upgraded to the four-dimensional probability dimension: no longer pursuing "right every time", but using mathematical models to quantify "win rate × profit and loss ratio", achieving "overall positive expected value" through combination configuration, and even accepting "black swans" as part of the probability system. - Dimension limitations: Although it is possible to quantify risks, it is easy to fall into the trap of "over-precision" - for example, using the Kelly formula to calculate the "optimal position of 36.67%", But because of the obsession with "precise numbers", it ignores "non-quantitative variables" such as market liquidity and changes in individual stock fundamentals. It's like using a precision instrument to calculate the trajectory of raindrops, but forgetting that the wind will change the direction of the raindrops. - Search direction: The key to this search is "breaking the obsession with accuracy" - when I discovered that "positions accurate to two decimal places" are not as risk-resistant as "fuzzy asset allocation" (stocks 50% + bonds 30% + commodities 20%), I finally understood that "the market is a complex system, and probability is a tool, not a shackle." So I began to use "probability matrix" instead of "precise calculation": allocate more to cyclical stocks during the economic recovery period (win rate 60%), allocate more to gold during the stagflation period (profit-loss ratio 3:1), and replace "precise errors" with "vague correctness". - Searching for the essence: From "using probability to control risks" to "using probability to follow the trend", the cognitive dimension has changed from "quantitative precision" to "qualitative fuzzy", closer to the "uncertain nature" of the market. 6. Philosophical Symbiosis Dimension: Searching for the "Unity of Nature and Man" in the "Laws of the Market" The ultimate "Law of Enlightenment" is the five-dimensional philosophical dimension of cognition: investors no longer fight the market, but internalize the market laws into a philosophy of life, just like farmers follow "spring planting and autumn harvest", holding positions in bull markets, leaving fallow in bear markets, and taking arbitrage in volatile markets, achieving a state of "doing whatever you want without breaking the rules." - Dimension breakthrough: The first five stages of cognition are all about "me-centered" - using system, discipline, and probability to "manage the market"; while the cognition at this stage is "centered on the market" - admitting that "I cannot predict the market, but I can adapt to the market." Just like the shift from "pulling water with an oar" to "borrowing water to popularize the boat", the cognition has shifted from "fighting the market" to "symbiotic with the market". - The end of the search: The ultimate goal of this search is to "break all attachments" - no longer obsessing about "must make a profit", but accepting that "losses are a gift from the market" (reminding yourself to adjust your strategy); no longer obsessing about "must use a certain system", but "flexibly switching according to market conditions"; no longer obsessing about "trading" itself, and being able to "leave short positions fallow" with peace of mind when the market has no opportunities. The "Tao" at this time is not a specific method, but a "transparent understanding of the nature of the market" - the market is the pendulum of group psychology. Leave the market when you are extremely greedy, enter when you are extremely fearful, and both buying and selling are in line with the "laws of the human heart." - Searching for the essence: From "cognizing the market" to "cognizing human nature", then to "cognizing the laws", and finally realizing the three-dimensional symbiosis of "people, market and laws", which is the ultimate dimension of mind cultivation in the stock market. The underlying logic of cognitive dimension upgrading: from "breaking attachment" to "integrating the Tao" The six cognitive dimensions of stock market mind cultivation are never "linear upgrades", but "spiral pursuits" - each stage of "attachment" is the "starting point" of the next stage; every "breaking attachment" is a "folding and dimensionality" of cognitive dimensions: 1. Breaking the "luck attachment", from "zero-dimensional intuition" to "one-dimensional tool"; 2. Break the "indicator obsession", from "one-dimensional tools" to "two-dimensional system"; 3. Break the "system obsession", from "two-dimensional system" to "three-dimensional execution"; 4. Break the "discipline obsession", from "three-dimensional execution" to "four-dimensional probability"; 5. Break the "probability obsession", from "four-dimensional probability" to "five-dimensional philosophy". In the end, the end point of this cognitive search is not "beating the market" but "understanding the market"; it is not "how much money you make", but "what kind of person you become" - a "cognitive frequency converter" who can stay awake in uncertainty, find order in chaos, and keep his true heart in ups and downs. Just as the "Tao Te Ching" says: "The Tao is always doing nothing but doing everything." The ultimate goal of cultivating one's mind in the stock market is to make one's cognitive dimension resonate with the "Tao" of the market. It seems to be "doing nothing", but in fact it is "doing everything".
These two books are very good-looking, especially the second one, which meets the requirements and is highly recommended. If you haven't seen it, you should definitely give it a try! ! ! !
Please give me a thumbs up for your novel, thank you. There is logic, online IQ, non-white text, rebirth + finance + entertainment + entity, full of details, take your time to read. It may not be described with a very focused and balanced description of each sector. Hope it suits everyone's taste.
This book was originally called Twenty Years of Financial Past. This book satisfies you with real investments in stocks, futures, gold, silver, foreign exchange and real estate. Most of them are leveraged, exciting! It's about real people, real time and place, and a guide to life in a detention center and prison.
I've been reading this book for the past few days, and it only talks about two things: making money to launder my feet, and not talking about loving dogs.
The founder of "Trading Gate". Let me tell you, how terrible is it for people who have an epiphany in the middle of trading? How exciting is life after enlightenment? ! Chen Hao, 30, has been speculating in stocks for many years and once called himself a hunter. However, due to a violent market crash by an evil banker, he suffered heavy losses. He returned to before liberation overnight, and his lover finally left with hatred. Unwilling to be reconciled, Chen Hao devoted his last 30,000 yuan to the stock market and gradually understood the true meaning of trading. As the capital pool expanded, he swept the entire financial market along the way! Fight against hot money, bravely fight bankers, devour institutions, and snipe overseas financial giants... [Send heart][Send heart][Send heart][Send heart][Send heart][Send heart][Send heart][Send heart]
Take a look at these books. These five books are written by a veteran stock investor with 30 years of stock trading experience, including stock trading, online dating, and cash flow. Real experiences, ordinary lives of ordinary people, very real.
I am a person with low emotional intelligence. Reading these books has helped me a lot. I didn't understand many things before, but now I slowly understand them, but I understand them a little late.
Integrate the ancient business wisdom of "Huo Shi Biography" into the modern stock market game, and see how a grassroots young man defeats the bankers with "stupid methods" and counterattacks. This is not only a stock trading novel, but also a practice about human nature and cognition.