The fastest shortcut to success is to constantly learn from those who have results!
For example:
To learn swimming, one must learn from Olympic swimming champions;
To learn how to fight, one must learn from generals on the bloody battlefield.
Trading stocks is no exception! If you just browse online and check what stock analysts are saying every day, you will waste your time and ultimately learn nothing!
So what should we do?
The best way is to learn from those who have achieved results, because results never lie!
Today I share with you the 7 major iron rules of stock trading summarized by a retail investor who turned 100,000 into 1 billion; each one is exquisite and worth reading repeatedly!
First: For any stock, if it falls from a high position for 9 days, you should follow up in a timely manner;
Second: For any stock, if it rises for 2 consecutive days, reduce your position in a timely manner;
Third: For any stock, as long as it rises more than 7%, you can gain a few more points the next day;
Fourth: For any stock, you must wait until the correction ends before buying back, buy when it reaches a low;
Fifth: For any stock, if it has three days without any fluctuations, observe for another three days; if it doesn't work, change it;
Sixth: For any stock, if it does not earn back the cost price of the previous day, you should sell;
Seventh: Limit up, if there are 3 there will be 5, if there are 5 there will be 7. For stocks with two consecutive boards, buy on dips; the fifth day will be a good selling point!
The 7 major iron rules were summarized by the top speculator Brother Zhao in the Jianghu; Brother Zhao was worth 1 billion seven years ago and started as a small retail investor, which is of great significance for us to learn from. Tonight, I specifically organized this to share with everyone; please pay attention, as these are the rules summarized by those who have achieved great results in stock trading!
Whether you like it or not, I have already written these 7 sentences on A4 paper, placed in front of my desk, and can see them at any time. Now I have memorized them perfectly.
If you want to do well in stocks, it’s not too difficult, nor is it too simple! But if you truly want to rely on stocks for some income in the second half of your life, you must treat it as your biggest hobby in your spare time. If you can't even do this, you will always be an outsider and will never qualify to enter.
Finally, here’s a word for everyone:
A fine steed leaps, but cannot take ten steps; a slow horse can travel ten times, the effort lies in perseverance; to carve and give up, rotten wood cannot be broken; to carve without giving up, gold and stone can be engraved.
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