Xu Xiang's trading wisdom: a leap from 30,000 to 20 billion
Xu Xiang, a name that has caused quite a stir in the investment community. He started with 30,000 and eventually earned 20 billion in wealth. Behind this achievement is his unique trading logic.
Xu Xiang knows that the market is unpredictable and no one can accurately predict it. Therefore, he never blindly questioned the market trend, but followed it carefully, while strictly managing funds and preventing risks.
In his view, long and short positions are like switches, always moving in opposite directions. When everyone is shouting long, he will be wary of potential shorts; vice versa. This reverse thinking allows him to better understand the nature of the market.
His goal is to make long-term and continuous profits, not temporary huge profits. Every time he trades, he abandons the mentality of luck and sticks to his own judgment.
Xu Xiang understands that although there are many market opportunities, not many of them really belong to him. He never rushes to make up for losses, but patiently waits for real opportunities.
He believes that the market is like a battlefield, and success is often built on the failure of others. Therefore, he always has awe, knows how to cherish and be grateful for his success.
Xu Xiang's trading system seems simple, but it is the result of countless trials and tribulations. For him, trading is only a small part of investment, and more often, he is doing other key work.
He is well aware of the flaws of human nature and accepts the reality that most people will become victims of the market. But he also firmly believes that making mistakes is human nature, and the key is how to reduce losses when making mistakes.