Excerpt from Teacher Chen Kai's "Think and Act Like a Securities Trader"
Even though the content was written 4 years ago, it is still worth recalling. I admire how the psychological game of trading can be explained so clearly.
【Understanding the Market Part1】
🔹 The formation of market prices is the result of the game of buying and selling power
🔹 Expectations are more important than facts
It is not just fundamental facts that affect the market, but also the emotions and imagination of the participants.
🔹Buy expectations, sell facts
All the negatives are good, and the realization of the good is bad. The best trading opportunities appear when the market sentiment turns.
🔹Buy expectations, sell facts
The next note to share is the second half of understanding the market "Game Thinking in Trading: Studying the Opponent's Market"