In the past, there was a wealthy man in Jiangzhou named Jin Ren, who owned thousands of acres of good land and countless riches, making him the richest man in Jiangzhou. Jin Ren was ruthless and tyrannical, causing the common people to hate him to the bone. There was a young scholar named Wu Zhi who had long since sworn: 'If I can become the judge, I will first punish Jin Ren to relieve the people's anger.'
Years later, Wu Zhi indeed passed the exams and became a judge. The first thing he did upon taking office was to go after Jin Ren. Jin Ren had heard of Wu Zhi's actions and knew he wouldn't have a good outcome, so when he saw Wu Zhi, he knelt down and begged for mercy: 'Please forgive me, sir; I am guilty, and my sins deserve ten thousand deaths!'
Wu Zhi glanced at Jin Ren and said: 'Since you admit to your crimes, then good. You should confess your crimes truthfully to seek leniency from me.'
Upon hearing this, Jin Ren repeatedly bowed his head: 'I am willing to confess, willing to confess.' He then began to recount everything clearly, stating when and where he committed various wrongdoings, one by one.
However, the clearer Jin Ren spoke, the more confused Wu Zhi felt: how could a thief confess so easily? It seemed there was something more to it. He glared at Jin Ren: 'Is there a trick in your confession?' Jin Ren shook his head like a rattle: 'I wouldn’t dare. Please see clearly, sir!' Wu Zhi thought for a moment and said: 'Okay, you go back and write down the crimes you just mentioned for me to see.' After saying this, he sent Jin Ren back home.
The next morning, Wu Zhi got up and found a note on his desk that read: 'Thirty thousand strings of money, along with the crimes, I hope the esteemed official will raise your hand high and not question this case.' Wu Zhi looked and was furious, immediately calling Jin Ren and reprimanding him: 'You clearly cannot be pardoned, yet you still dare to attempt to bribe me?' He ordered his men: 'Come here, give him fifty heavy hits! Make him quickly confess his crimes!'
To my surprise, the next morning, Wu Zhi found another note on his desk. Looking at it, it was still the same few sentences, only the amount had changed from thirty thousand to fifty thousand: 'Fifty thousand strings of money, along with the crimes, I hope the esteemed official will raise your hand high and not question this case.' At this moment, Wu Zhi was truly furious: this guy named Jin really had the guts to attempt to bribe this official again and again. He ordered his men to send a message, giving Jin Ren two days to clarify all his crimes, or else he would not be lenient.
What Wu Zhi never expected was that on the third morning, there was still a note on his desk, this time with the amount changing from fifty thousand to one hundred thousand: 'One hundred thousand strings of money, along with the crimes, I hope the esteemed official will raise your hand high and not question this case.' Unexpectedly, upon reading this note, Wu Zhi's expression changed drastically; his face turned red and white, he trembled all over, and cold sweat dripped from his forehead. He sighed heavily, collapsed into his chair, and then accepted the one hundred thousand strings.
Seeing this, Madam was greatly confused and asked him: 'My lord, since you hate this Jin so much and swore that if you became the judge, you would first deal with him, why is it that now when you have the chance to deal with him, you have instead fallen silent? The last two times he sent you money, you were furious and refused it, but today you change your demeanor as if you are gravely ill. What is the reason for this?'
Madam Wu Zhichao waved her hand and sighed: 'Madam, you don't know, thirty thousand or fifty thousand strings is generally the same, but once it reaches one hundred thousand, this money can communicate with the gods. If I don't accept it now, that surname Jin will use this money to bribe the officials, and then my life will be over.'
What matters is the philosophy and mindset.
Currently, the influence of 'money can make the devil push the mill' remains enduring!
But can having more money ensure success? Not necessarily. In modern society, there is a saying: 'Money is not omnipotent, but without money, you cannot do anything.' However, as the saying goes, a gentleman loves wealth but acquires it through proper means. Establishing a healthy view of money requires not only social guidance but also self-awareness and introspection from everyone.
Currently, managing personal finances has become part of daily work and life for Chinese people. A good decision can truly increase our capital, yet people often focus on short-term gains and miss out on real opportunities.
Edwin Lefevre said in his classic work (Reminiscences of a Stock Operator), 'The fool on Wall Street believes he must trade at all times. For me, it was never my thinking that earned me big money, but my ability to sit still. Understand? I sit still.'
The famous investor Jim Rogers vividly described patience in trading: 'I just wait until I see money lying around. All I have to do is walk over and pick it up.' In other words, unless he is sure, trading should be as simple as picking up money from the ground; otherwise, don't do anything.
From calming the heart, guarding the heart, to cultivating the heart, these three are a progressive relationship. In many cases, letting oneself willingly be a 'fool' is a very difficult thing.
Of course, one must constantly simplify, using rules to limit one's desires; a successful person’s thinking and mindset can only progress from complexity to purity, from complicated to simple. As the famous musician Gao Xiaosong said: 'Reading thousands of books allows you to see the bright moon and countless stars; traveling thousands of miles helps you return to your inner depths.' Achieving this means success is not far away.
Traders must understand that investing is a long-term endeavor. But more importantly, you need to comprehend the hidden meanings behind this long-term perspective and methodology:
One single trade is not important. Don't place too much weight on the success or failure of a single trade; you will have thousands of trades in the future.
The risk should be lower. A trading career is not built on a few hundred percent annual returns but rather on many mid-to-low yield or low-risk returns. If you want to make this your living, then variability will be your practice and emotional cost.
Be patient. Learn the techniques step by step and truly experience 'Time is on my side.' If it takes another five years to profit, this wait is worth it.
First, be able to tolerate correct losses, but cannot tolerate incorrect profits.
Second, fully become a trend investor. Don't talk to me about value investing.
Third, believe in cycles, believe in seasons, the cycle of spring, summer, autumn, and winter, the changes of sunny and rainy days, all follow the great principles of the world.
Fourth, career planning is not confusing at all; stock trading is a lifelong pursuit. (However, I personally think that becoming rich through stock trading is quite unrealistic; the stock market is merely a wealth amplifier, and the amplification factor won't be too high for the average person.)
Stockholders are fortunate; a small K-line can reveal the autumn, and the trends of the world are all in sight, how magnificent!
In those years of a bear market, I faced defeat repeatedly, and the hard-earned money was completely lost. For a while, I felt completely despondent. Why do I treat you so well, yet you keep hurting me?
But if you invest a lot of energy in stocks and gain nothing, wasting your life, I do not agree.
For me, although I haven't made much money through stock trading, it has taken up a lot of my time. At first glance, I seemed to have suffered great losses, but in terms of mindset, I have gained tremendously.
Balanced thinking. Through stock trading, you will more or less develop this habit of thinking. Newbies fear falling, while veterans fear rising. I used to hate shorting, and now I fear bullish markets, especially those stocks that rise wildly. Furthermore, gains and losses come from the same source; how you earn will be how you lose in the future. So, in this regard, there are no so-called masters; others' operations merely maintain a high level of consistency. Fifteen years ago, I used the guide star, which had many formulas, and after playing for a long time, I realized that the more effective the formula, the closer it was to being ineffective. The same applies to life in society. If humanity discovers a very stable pattern for profit, God will disrupt this pattern and introduce a second card: probability, to create a new balance. Why is the stock market seven losses, two flat, and one profit? Because this structure is balanced.
Probability thinking. If someone tells you that you have a 99% chance of winning a jackpot, would you be happy? Actually, there's nothing to be happy about; even though there's only a one percent chance, if that one percent happens to you, it feels like a hundred percent. Therefore, controlling stock positions is very important, which means one should be conservative. The longer I trade stocks, the smaller my risk appetite becomes; it's rare for me to be fully invested. In the beginning, I used to go all in. Entrepreneurs should pay more attention to this; don't recklessly go all in, as many have flipped over in the ditch.
Overall thinking. No matter how good the individual stock is, without a good sector it’s useless; even if the sector is good, if the market overall is poor, there won't be longevity. Therefore, being excellent yourself is not as good as being in a good company, and even a good company is not as good as being in a good industry.
Cycle thinking. Don’t look for reasons for rises and falls in bull and bear markets; just go with the flow. If it has risen for a long time, it must fall; if it has fallen for a long time, it must rise. Speaking of which, the Chinese economy should fall now, after all, it has been rising for thirty years; if it rises again, the resources on Earth won’t be enough. I, this uncle, proactively switched careers this year, and those who know about stock trading know that in a bear market, there are three sectors that are good: drugs, liquor, and weapons. A person only has about seventy annual K-lines in a lifetime; I hope that in the year I die, the K-line sets a new high, haha.
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