Discussions among the group Only when wealth gathers can it be dispersed and wealth can be gathered

My grandson's Art of War-The Enlightenment Teacher of Trading Philosophy

the god of wealth has a way

Today I want to talk about my indissoluble relationship with Sun Tzu's Art of War. I had the pleasure of reading the Art of War by Sun Tzu in a teenage version when I was in high school, but at that time it was limited to a purely military understanding of Art of War by Sun Tzu. A few years later, when I entered university to study, I was introduced to the world of foreign exchange trading while reading a magazine in the library, and I have been obsessed with it ever since. Like most of my trade

Causes of economic crises and depressions

the god of wealth has a way

Economic crisis and depression must be an inevitable stage in human economic activities, but it will eventually pass. For a rich country, a crisis and depression will make the country stronger in the future, because from the crisis and depression Those in power will learn many lessons, and poor countries are inherently poor, and the economic crisis and depression will only exacerbate their poverty and pain. This is similar to the gap between the rich and the poor. More will only prompt him to b

Investment scammers identify scammers tricks

the god of wealth has a way

In real life, many investment novices are always easily deceived. These scammers promise low-risk investment and high-profit returns. Such promises undoubtedly arouse the strongest desire for wealth in everyone's heart, so it is easy to Follow the liar's layout step by step towards the sad ending. In addition to Xiaobai, there are many so-called veterans who will inevitably fall into their trap, because many tricks of scammers are relatively hidden. In addition, many veterans do not have a syst

How I became a successful part-time trader

the god of wealth has a way

introduce Hello everyone, I am Caishen Youdao, a hotel personal butler, trader and strategy maker. I started currency trading 7 years ago. The first 4 years of trading were a complete failure, I remember I lost all my money and then I wanted to quit, but I couldn't, I think if I quit now I would lose the opportunity to build my own business. So I stopped trading and started watching, studying, analyzing and practicing. Observation: I started to observe the market, what causes the market to move,

Microcosmic Part One of Reasons for Investment Loss

the god of wealth has a way

Why do 98% of traders lose money and finally quit the trading market? Here is the most comprehensive collection of failures, and wealth belongs to you if you understand it. Due to the length of the article, I will make it into a series of three chapters. Please forgive me for any inconvenience. There are various reasons for the failure of foreign exchange transactions, but they can be summed up in three main reasons: the first is technology, the second is psychology, and the third is external f

Be fearful when others are greedy, be greedy when others are fearful

the god of wealth has a way

Warren Buffett once said that as an investor, it is wise to "be fearful when others are greedy and be greedy when others are fearful". This statement is somewhat of a contrarian view of the stock market and directly correlates to the asset's price: when others are greedy, prices typically skyrocket, and people should be cautious lest they buy into an asset that subsequently leads to low returns. Pay too much. It may present a good buying opportunity when others are fearful. Remember, price is wh

Why Wall Street is the biggest player in the world economy

the god of wealth has a way

The most important financial center in the world? A place of fabled silver spoons and golden parachutes? A center of brutal capitalism? Or all of the above. Wall Street is many things to many people, and what you really know about it depends on who you ask. While perceptions of Wall Street may vary widely, there's no dispute that it had a lasting impact not just on the U.S. economy, but on the global economy as well. What the hell is Wall Street? In Manhattan, New York City, Wall Street actually

My grid thinking - the comprehensive quality necessary for a trader

the god of wealth has a way

I suddenly thought of this topic last night. I heard Huiyou said that he couldn’t understand Munger’s grid thinking. Don’t tell me that I didn’t understand it when I first started. It seems that it has little to do with trading. , and it was quite difficult to read, and then I slowly recalled that the whole content is actually a thinking mode of thinking about problems from multiple angles. Do you have a question? Why do we have to study language, mathematics, politics, history, geography, and

It is the body that makes money, and taking care of yourself is the cornerstone of future success

the god of wealth has a way

I think of when I first entered the investment industry, I saw the dancing K-lines and the choppy K-lines, and I was instantly fascinated by its charm, thinking that it would be a pleasure to make a few waves like this. But the reality is that you have been tortured for a long period of time, because sometimes you make a profit and sometimes you lose money, which always gives you a feeling that you can do it, but you just can’t find the confidence to fully prove that you can do it, so for a lon

The Stochastic Reinforcement Dilemma in Trading: The Root Cause that Restricts Most People from Trading

the god of wealth has a way

The Stochastic Reinforcement Dilemma in Trading: The Root Cause that Restricts Most People from Trading Before I start this topic, I want to ask you a question: do you know what random reinforcement is ? Here I use an example of everyone going to school to arouse everyone's understanding of random reinforcement: When you are still studying on campus, do you think that if you are smarter in subjects such as mathematics and science, you can improve your score faster in the short term, while in lit

Back-office software secrets behind scheming forex brokers

the god of wealth has a way

I think that most of my friends have simulated trading before starting real trading. Is it very easy to make profits from simulated trading? In fact, the price you get when you simulate trading is the price you see. However, when you conduct real trading, you find that it is not so easy to make a profit. Why? Because the broker as the counterparty will use all kinds of complicated tricks in the background to make you lose money, and these tricks are not easy for you to find, even if you find th

The investment philosophy brought to traders by Sun Tzu's Nine Changes in the Art of War

the god of wealth has a way

Hello everyone, I am God of Wealth Youdao, and today I will talk to you about Nine Changes. This article mainly explores how a comprehensive understanding of the pros and cons can affect the victory of war. Sun Tzu pointed out in the article that only by comprehensively analyzing the pros and cons, can we see the unfavorable factors in a favorable situation, and the favorable factors in an unfavorable situation. Based on this, taking corresponding strategic actions can threaten, confuse, and de

The Small Money Trader's Dilemma: The Distillation of Years of Deep Understanding

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In this trading industry, there are three main types of traders. The first type is short-term traders, who mainly trade with small funds, the second is mid-term traders, and the third is long-term traders. Dear friends, which kind of traders do you think achieves the best performance? Better yet, which trader achieves the worst performance? As far as I personally understand, the worst traders are short-term traders. The reasons are as follows: First, short-term traders are basically part-timers

Those who can buy are apprentices, and those who can sell are masters. Do you know how to sell?

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I think an excellent foreign exchange trader should be reflected in two aspects, the first is defense, and the second is offense. why do you say so? It is very important to get a good result in a day's trading. The premise is that you have to defend your position well. If your position defense strategy is poor, no matter how good your exit strategy is, it is equal to zero. So how to achieve an excellent defense, how to achieve an excellent appearance? The first step in defense is to place stop l

Jesse Livermore and Buffett in My Eyes

the god of wealth has a way

This week I went through the books about Buffett and Jesse Livermore, and all the notes I took, and finally I have a new view on these two predecessors in the trading world. The same road, but in the end different routes lead to the same goal. Jesse Livermore is actually a very contradictory person. On the one hand, he wants to limit risks, and on the other hand, he wants to increase the rate of return on funds, which makes him unable to escape the "Curse of Sisyphus" in the end. What is the "S

Talking about the human nature behind volatility: How news stimulation affects a trader's psychology

the god of wealth has a way

I don’t know if you have heard the allusion of Zeng Shen’s murder. In ancient times, a person with the same name as Zeng Shen killed someone. A kind person told Zeng’s mother that “Zeng Shen killed someone”. Zeng Mu said, "My son will not kill people," and continued weaving. After a while, someone said again that "Zeng Shen killed people." Zeng's mother continued to weave, thinking how could such a good son kill someone? After a while, someone said again that "Zeng Shen killed someone." Now Zen

Can trend trading control the weakness of human nature

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As soon as you see this title, you must be very familiar with it. Today I will talk about this ancient and controversial topic to communicate with you. The famous commodity trading king Dennis Gartman said a very interesting saying: "I like the curve to move from the lower left to the upper right". Both ordinary and expert traders like this feeling, but can you control this trend? It is not easy to do a good job of trend following. It's not just about finding good investments, but it's about usi

Trade Physical and Mental Fatigue Restoration

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Long-term foreign exchange trading keeps us in a state of fear and anxiety for a long time, and sitting in front of the computer for a long time makes us suffer from backaches and backaches, which will cause physical pain and psychological torture to our bodies over time. To be able to stay in a healthy state for a long time to engage in the trading work we love, as traders, we should understand some common physical and mental therapies to reduce our anxiety, fear and relieve our physical pain

Who is more suitable for investing in the market, women or men?

the god of wealth has a way

There is a traditional view that capital markets are dominated by men. In today's society, we will find that more and more women are playing important roles in the financial and economic markets, and this pattern has become more obvious in the past ten years or so. Through their own efforts, women are slowly taking root in the capital market. Today's investment and trading market is as fair as any other market, so women have more power to compete with men. However, women and men are very differe

Into divergence trading

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Friends who have been trading for a while must be familiar with the term divergence trading. The most familiar type of divergence trading is the divergence between indicators and K-lines. Today I will make a special topic on this issue. In general, there are two types of divergence: the first is normal divergence , and the second is implied divergence. The so-called normal deviation is a possible signal of a trend reversal. The implied divergence can be seen as a signal of greater trend continu