VIEWS: 18 PAGES: 9 POSTED ON: 8/31/2010
Continued (1) preservation of indemnity, to stop quickly. Endless opportunities for financial markets, but when your capital does not exist, no matter how good you have no way to grasp the opportunity. Coupled with the financial markets is not only a lot of variables, and are often difficult to predict in advance, so the risk is enormous. Therefore, when the market trend with their different assumptions, the necessary amendments in time to avoid injury to the expansion. In the operation must be rapid and decisive stop. Although this is a simple slogan, but most people are hard to do. There are only four reasons: First, look down on power down, that fell just short this time back, investors in the short term will create a new high point, not only can reduce the losses, but also profitable. This is the main reason. Second, the absence of stop-loss buy prepared everything good direction to go, but never thought about the situation once the market upside down with the assumption of how to deal with. This is a common problem with most people. Third, the lack of sensitivity band transition. These transactions are often performed in the transaction hesitate, hesitate to go ahead, and the prices rose, there was no time to follow up; market crash, there was no decisive departure. Fourth, there is no clear understanding of the risk of credit transactions. Very important when credit expansion stops, the lack of such basic knowledge, burned by those who caused numerous. (2) risk control can be put in their own context. If you do an investment, you eat well, sleep disturbed, then the risk on behalf of investment has gone beyond the scope of their own to bear. This is related to the size of losing money is no absolute relationship. Although some people have a lot of money, but lost a little money restless, this person is not suited to traders, suitable only to earn interest on deposits or buy some bonds, to do some fixed-income investments. Many financial market products, some risk, some risk is very low, according to the preferences of individual risk tolerance to determine the extent and direction of investment and products. (3) should minimize the cost of risk. Transaction costs are the biggest risk. Generally the maximum cost producers of raw materials, while the financial investment cost is the biggest risk, if you overcome the risk, your costs low, but many people do not control the risk, cost much. This one is easy ups and downs. To steady growth and avoid big ups and downs, we should minimize the cost of risk. (4) be a complete investment strategy. Transaction, to have a complete virtual work, regardless of market outlook, rose drop, should You Liangshou ready. Investment strategy to focus on the market turning point, and to promptly turn over and Wheeling. (5) Do not contrarian. Contrarian and anti-market operations are two different things. As many people to go against the tide of anti-market operations, to emphasize their unique vision. In fact, such people often create a huge disaster. As a trader, in the operation of the most important is that when trends become clear, we must take the flow, must not contrarian. (6) to have the wisdom of patience. Traders must understand that patience is a normal state of the transaction, sometimes patience is a pleasure. This patience is not difficult enough patience, but the wisdom of patience. The so-called wisdom of patience, that is size up the situation after the fundamental key to understand the times, know the market outlook, there is the possibility of making huge profits or falls, so just to hold shares or empty-handed, to wait for the big move comes. (7) of the market maintain a humble, promptly correcting errors. The stock market is not always the winner, there is no god. Do not momentary success and self-righteous voice of God, such people can easily commit Jiaobingbibai error. The nature of the financial market is chaotic, are highly random, so before trading in the market, should always remain humble, to continue to accept new things, it will not stick to past experience and to a standstill. (8) to overcome the emotional disturbances. Market crash, when the rose, passion and panic feelings are easily transmitted to mean people are vulnerable to interference, Er lose sight of the right to judge the current trends, Zaocheng emotional misconduct. Particularly those EQ (emotional quotient) were very low, even a high IQ, intelligence has no role to play. Generally speaking, EQ and IQ (intelligence quotient) was the best balance. An investment convictions, are easy to 1Q and EQ balance between the two. (9) to clear and cultivate independent thinking eye situation. Investors to the fundamentals, industrial and technical, must cultivate the ability to think clearly and independently. In other words, investors figured out before, do not dance with the market. French philosopher Descartes said: &quot;I think therefore I am.&quot; One does not think independently, he does not exist, he is only a puppet of the market, not the masters of the market. Only the masters, in order to clear and independent thinking to develop the situation eye to grasp the financial operations of the initiative. Eye can observe the situation the next six months to two years of basic structure, is essential, it is also the basis of band earnings. (10) when the transaction will not ring true to reduce the transaction, not overweight shared flat. Transactions on behalf of your assumptions are not smooth, assumptions must be adjusted to allow return to a balanced state of mind, such as a balanced state of mind to operate later. In the state of mind is not balanced until better not rush win back their money and frequent exchanges (6) to have the wisdom of patience. Traders must understand that patience is a normal state of the transaction, sometimes patience is a pleasure. This patience is not difficult enough patience, but the wisdom of patience. The so-called wisdom of patience, that is size up the situation after the fundamental key to understand the times, know the market outlook, there is the possibility of making huge profits or falls, so just to hold shares or empty-handed, to wait for the big move to come. (7) of the market maintain a humble, promptly correcting errors. The stock market is not always the winner, there is no god. Do not momentary success and self-righteous voice of God, such people can easily commit Jiaobingbibai error. The nature of financial markets is chaotic, with a high degree of randomness, so before trading in the market, should always remain humble, to continue to accept new things, it will not stick to the past experience to a halt. (8) to overcome the emotional disturbances. When the market rose fell, passion and panic easily spread open to the general people are very vulnerable to interference, which lost for the accurate assessment of current trends, resulting in emotional misconduct. Particularly those EQ (emotional quotient) were very low, even a high IQ, intelligence has no role to play. Generally speaking, EQ and IQ (intelligence quotient) was the best balance. An investment convictions, are easy to balance both IQ and EQ. (9) to clear and cultivate independent thinking eye situation. Investors to the fundamentals, industrial and technical, must cultivate the ability to think clearly and independently. In other words, investors figured out before, do not dance with the market. French philosopher Descartes said: &quot;I think therefore I am.&quot; One does not think independently, he does not exist, he is only a puppet of the market, not the masters of the market. Only the masters, in order to clear and independent thinking to develop the situation eye to grasp the financial operations of the initiative. Eye can observe the situation the next six months to two years of basic structure, is essential, it is also the basis of band earnings. (10) when the transaction will not ring true to reduce the transaction, not overweight shared flat. Transactions on behalf of your assumptions are not smooth, assumptions must be adjusted to allow return to a balanced state of mind, such as a balanced state of mind to operate later. Not balanced in mind before but best not to rush to win back their money frequent trading, or even incorrectly coded folded down. Anxious to win back their money because, often deeper and deeper. As Buffett puts it: &quot;To reduce the error rate, the best way is to reduce the blow rate.&quot; (11) Set up your own operating system and operating discipline. Any operating system has a set of disciplines and its match. Most people are not even operating system, let alone discipline. Legal entity operating systems and more emphasis on operational discipline, and personal investment is to emphasize its own operating system and find a suitable investment style, do not envy other people&#39;s success to the practice of blindly copying others died to move rigidly. (12) must be psychologically prepared for huge profits. When the big move comes, is often unexpected. Many people do not get mentally prepared for huge profit, making a short to run away, behind a large section to nothing. Only those who believe that the trend to get huge profits. Although the profits are not frequent, but still a lot of opportunities for individual stocks soared. People to pursue the dark horse is the wrong attitude. Because profits are difficult to predict, only when profits appear, you must promptly comprehension to grasp is maintained. Dark horse chase is often determined to grow flowers flowers do not open, profits market comes, is often unintentional positive outcomes. (13) financial operations to understand game theory. Game theory is you can not predict the future situation in the choice of the size down. Than that of the more difficult to grasp the situation, from the size of the opportunity to observe the situation is difficult, because chances are the situation of the mother. Only have a big chance of the situation. Game theory is to let you have an open mind, to grasp the size of the different opportunities. Also, be sure to save a good strength, not desperate. In fact, the general said of the speculation is to cast the opportunity to seize the opportunity. Only those who can seize the opportunity to continue to create miracles. (14) be speculation, investment, financial Trinity. Investors should understand that investment, speculation, and financial management is the Trinity, indivisible open to. Successful speculation is based on the principles of investment, investment success is built on the principles of financial management. Fiscal policy is to spread risk, value investing principle is discovered, speculation is the homeopathic principle of operation, three types of martial arts are learned, speculation, investment, financial management will be smooth sailing. (15) to learn the operation of both a long way short. I often hear investors say is to do long-term, or I do short-term. Short of them said: flash of light, send this life. Long line of people say: fight the corner of what had snails? In the end which one is right? Economist, said long-term, everyone is dead, because people can not live that long. Flowers withered, people have nothing to do on a good, thing of the past are very short, riches and honor are also yellow sour. Therefore, timely profit on the terms, short-term skills are necessary, because there is no short-term there would be no long-term, not to mention the idea that Japan will find a use, so the skills must be honed short-term good, otherwise you can not trained to profit Kung Fu. But every day can earn big money grab is short, and often turn the so-called stone no moss is the truth. All of the big speculators are aware of a lot of money the most basic way: choose the right stock, hold it firmly. Therefore, the effort is also essential for long-term. Visible, long-term, short-term investment skills are mastered, is complete. (16) Money to be distributed, the investment should be concentrated. Investment strategy focuses on an important principle. General investment theory tells us that in order to reduce risk should diversify. This theory of the conservative people, may have a point, but the real people who want to make big money in the stock market must understand an important principle: Money to be distributed, the investment should be concentrated. Fiscal decentralization is to minimize the risk of the investment focus is to rise to the highest profits, the two must work together. Concentrated investment created the world&#39;s richest men, Warren Buffett. But the focus of investment to be quite unique to the business experience, and be patient long-term holders can earn big money. Some investors much money, but holding out a handful of stocks, or even a dozen, 20 a few results which &quot;children&quot; did not keep well. (17) stock-operation should always be half a beat faster. As the saying goes, &quot;priceless early to know&quot;, no later repent too late. Basically, the stock market operator half a beat faster. In the fall, the Xianpao first win, do not bounce high hopes and then out again if the rebound out of hope, often more so the lower the price the more the more panic or heart, and finally could not help blaze, the stock has coming up, along with the shaken confidence. To lose money does not matter much to lose confidence in the relationship. The same is true when the stock price rose, first to buy the first win, hope callback buy, the more so may be higher, until the last had drifted in, the stock fell again, the result is the same, pay the money they have lost confidence. Therefore, the trend become clearer when we act fast, otherwise you will receive the final bar. (18) to maintain a balanced state of mind at any time. There just normal people, his mind never to lose balance, even at the wrong moment when they can restore the balance. Like riding a bicycle, the only person to maintain a balance has to move on. In view of the wisdom of emptiness, the right and wrong, gain and loss are temporary illusion, do not be too persistent. (19) the use of error making big money. Buffett is really the wrong use of the market of people making big money. Graham said his teacher: Mr. Market, there are two extremes of character, and sometimes extreme excitement, and sometimes full of fear. Sometimes thought of wisdom, sometimes suffering from a severe manic disorder. Sometimes up to several months have depressed reticent, sometimes high-spirited. More serious matter is that Mr. Market has always refused to admit that he is crazy, because there are numerous research institutions, that Mr. Market is a rational, efficient. The mechanical design of the &quot;B&quot; value to control the risk, then design the best portfolio to reduce risk. These theories allow the market&#39;s refusal to admit sick. However, no matter how perfect theory, Mr. Market intermittent high fever, is an undisputed fact. &#39; In fact, only two errors, the error is not a market that is itself wrong. Elliott said: wave theory is not wrong, wrong is Eliot. He says, and Graham a little bit different, but both are in the description of different facts. The key is, how do you use the market&#39;s mistakes and their mistakes to make big money. Use of the market value of the error to learn, not to be price inflation and the collapse confused. Error to learn how to use their time to amend, not to temporary gains and losses, the passive position. Thus, the real master is the same error using the market to make big money and their own mistakes. Napoleon said: to win the war a secret that take full advantage of the enemy&#39;s mistakes. In the stock market, to make use of the &quot;enemy&quot; of the error, we must first learn to use the market wrong. But some people say, and the prices will not be wrong, wrong is their idea, seems to illustrate how the market is always right, but Graham said: markets are always wrong. Two statements totally contrary, in the end to believe that market, or to believe in yourself? In fact, encountered such a dilemma the state, we must first understand that he is doing long-term, or do short-term. People who do long term is an error in the use of the market, only to find the best time to buy and selling. People to learn to do short-term correction in a timely manner, will not let the loss widened to address the market changes, not so long people can not read the tape. In other words, long-term is a mistake to use the market to make money, short-term changes in the use of quotes to make money, use of wrong is easier than the use change, because change is difficult to guess, unless you understand the market&#39;s future intentions. Whether the stock market Ye Hao, futures Ye Hao, using the error is a shortcut to making big money, but to take advantage of the error, there is a premise, not being lost in the market. Most people affected by the atmosphere or the experts, the market is difficult to jump out of the atmosphere, into a scam without realizing it. So far the market is one of the ways to prevent infection. Also I believe is also an effective method of value analysis. In the futures market stage, to understand where the error, reverse operation is also key to cover losses and turn a profit, but the reverse operation to avoid both sides suffer the ears to the control of warehouse receipts is important, therefore, not to sink deeper and deeper. Like the stock market is to understand where errors often found in the presence of large chance. Failure is the mother of success, to make use of the wrong people, particularly deep meaning. More than 19 transactions mentioned principles, Cheng Kun, said today: &quot;Trading mistakes in the operation is normal. But if more than 19 transactions to comply with the principle of the error can be minimized. We all know, any person Kuidiao money are limited, and loss of light so far, but few earn is unlimited. because the opportunities are endless, and we all live in a limited world, can not enter an infinite field. Here are a Shouji child, to provide for reference, as a starting point towards the infinite. This Shouji child is a Zen koan: &quot;Empty-handed to hoe, Riding a water buffalo on foot, Off from the bridge, Bridge water does not flow. Among these &#39;empty-handed to hoe&#39; represents a vacuum wonderful, &#39;walking riding water buffalo, on behalf of the infinite itself. &#39;People over a bridge, bridge comb the water does not flow&#39;, the representatives to the eternal, the time to freeze up. &quot;11, practitioners predict the future of the global pricing system &quot;You campaign in the international financial markets for many years, the current global economic globalization is bringing great turmoil, including raw materials surged, national exchange rate fluctuations, What do you think?&quot; Interview, a reporter asked Mr. Zheng Kunjin. He said: &quot;In the process of globalization, first established the system of industrial globalization. The system&#39;s most high-end knowledge-based economy in the United States, at the end of the world is Chinese Gong Chang. Zhongmeiliangguo bound is Yao He Zuo&#39;s. Even though there are local conflicts and friction will not change this pattern. After of globalization, are followed by financial globalization. in the process of financial globalization is to strive for pricing. current global pricing power, control in the United States hand, China has not fully voice. Although funds, resources, 资产 has its the theory pricing model, but in the highly competitive market under the price still soaring the way. poverty of the country tend to be marginalized a, Jing Ji increasingly recession become a hotbed of local unrest and terrorism. which in turn threatens the stability of the global economy. Therefore, the U.S. market price constitutes the root of many disasters. because the U.S. pricing is based upon the U.S. national interest , rather than on the interests of all mankind. Thus, the future need for a new global pricing system that allows the development of global coordination and shared prosperity. &quot;The future task of the greatest economists, is to build a large unified theory for resource pricing model, capital asset pricing model and pricing model, to establish a common theoretical foundation of Unity. This theory is based on the whole of mankind interests, not just represent some of the power of the national interest. This is a difficult task. because of asset pricing models have been developed quite mature. However, the fund&#39;s pricing model is still widely divergent views. resource pricing model has not yet been formed . Therefore, the exchange rate has caused speculation the dispute and raw materials surged, threatening to the country&#39;s economic stability. necessary funds, resources and assets to establish a linkage of Mathematical Relations, is the future the primary task of the global macroeconomics. If the mathematical proportional relationship can be determined, the global pricing system can be truly established, market behavior and government regulation can blend. &quot;Currently, because of the rise of China and India, the global economy has entered a major turning point. Turbulence and impetuosity is the current feature. To solve this problem depends on the establishment of global pricing system. But because China&#39;s share in the global market is too small, total economy ranked sixth in the world, there is no pricing power. Therefore, this situation will remain volatile decade or so. after 2015, China&#39;s economy to the world&#39;s second or third, there will be pricing right. But it has a premise, the scale of China&#39;s stock market and futures market should grow rapidly in order to fight global pricing. now is the economic power to make a point of national interest, and no power is based on the interests of mankind to the starting point. Once China becomes world&#39;s leaders, we should to the world as its mission to benefit mankind as a starting point to global funds, resources, assets, establish a reasonable basis, whether rich and poor, can enjoy prosperity and stability. This is what Chinese call &#39;brotherhood and&#39; the broad mind. In this way, humans have long-term peace can be expected. out of the world since the industrial revolution the Warring States era, the era of the global village is also possible to come true. China economists in addition to the policy of reform and opening-oriented research should focus on the theory of global pricing system, to the resource pricing, the pricing of funds, asset pricing to find a common mathematical basis, this is China&#39;s peaceful rise and the world prosperity most critical. &quot; Global speculative frenzy how to handle &quot;Quantum Fund, the United States who distinguished manipulator of Rogers that the raw material market has surged though, this is the beginning of a majority of the first market in the future there is still much room for growth, even a large bubble may form. Do you have any Comments? &quot; &quot;Financial expert Rogers that the raw materials price surge will continue 15 years, the current preliminary stage. According to him this assumption. The world&#39;s largest bubble is difficult to avoid. Once the global formation of large bubbles, the harmful effects of the global no less than the financial panic of 1929. Therefore, the two countries have taken regulatory measures to prevent bubble formation. before the formation of large bubbles, there must be many small bubbles first appear. These small bubbles, the greatest One is the United States. U.S. real estate has been at the peak of history, once the real estate crash of the American people&#39;s spending power may be adversely affected, would constitute a serious economic recession. Therefore, the United States, the Federal Reserve Board to benchmark interest rates in recent years continuous tone rose from 1% to 4.25%, just to let real estate soft landing, to prevent the formation of the first real estate bubble. Although the United States real estate bubble pressure down, but another bigger bubble - large foam materials is emerging. raw big bubble, China&#39;s deadliest. because China is the factory of the world, require large amounts of raw materials to produce cheaper goods. Once the raw materials soared, to produce cheap goods is difficult. Therefore, the Chinese government also take regulatory action in a timely manner, on the one hand curb investment in fixed assets, the other hand, the price of oil to stabilize strategy to prevent oil prices as international crude oil prices rose and rose, and even the formation of low domestic prices inversion phenomenon in international prices. The subsidy policy will certainly not last, and will result in a waste of resources. Therefore, the price of oil lifted in the future will only meet the sustainable development policy. from China&#39;s regulation of behavior can be seen out, China is also the real estate and raw materials to prevent the two bubble. If the two countries work together to control the prices of raw materials, raw materials, the bubble will not form. However, the local commodities such as copper or have a small bubble occurs impact because it&#39;s not that big, so big speculation in the global raw materials market, the only local small bubble, full of large bubbles will not occur, unless the U.S. dollar has greatly depreciated. but because of the large funds in Europe and America need a fast Huoli market, to maintain its return on investment, so small bubbles or necessary. the price of raw materials into an area once asked finishing market, the global speculative hot money is transferred from the real and raw material market to the stock market is worth close attention. because the stock market is still one of the most speculative nature of the global market. Only U.S. stock market hit a new historical high, only the possibility of a substantial correction. only the U.S. stock market correction, the dollar will weaken again. The United States is the leader in the world market . Once it the advantage gradually disappeared, pulled shipments bound to be a big move, as the British Government 1_997-year withdrawal from Hong Kong, the Hang Seng Index in Hong Kong pulled more than 16,000 points, fishing is the same as the last vote if the U.S. recession in the formal economy to fishing until the last vote, it will be the world&#39;s largest speculative frenzy set off, causing the unprecedented raw material and the stock market bubble. However, this speculative frenzy for the U.S., not necessarily a good thing. maybe, and Japan&#39;s assets in 1990 as a large bubble would be a national great harm. dominance in the global economy to China from the United States during the next decade must be a large turbulent period, investors have This psychological preparation and response strategies. &quot;Sigma to help you achieve our dream Turning around, the bell has been sounded in 2006, a month&#39;s time, the interview that lasted for two years. When a reporter is about to leave Shanghai, Mr. Zheng Kunjin reverently told reporters: &quot;The new year has started, continue to deepen reform in China&#39;s stock market will usher in a better future. Recalling more than ten shares of the three sea campaign, is really filled with emotion. win or lose, all in an idea. in the game for many years, many people see my performance is apparent, my reputation as the &#39;master&#39;, to me the experience I really do not deserve it, and the world financial masters compared to their own far worse, but also long life experiences. If I and my Sigma system in a number of years Qude performance, then it must first of all thanks to Zuguo profound financial culture, is it I campaign for the wisdom, strategy and courage. I want my actual years of accumulated experience to more people of Chinese descent, to help more people were injured in the stock market off the hook. This is one of my long-cherished wish, and also my step moment on the beach in mind the promise of a wish. Sigma training system can help investors, strategic vision and skilled techniques of financial operations, so that higher level state investment, more hope than for the corporate sector to find a Europe and the United States a shortcut to a large fund. &quot; Finally, a prophecy of Revelation as the visit of the concluding remarks. In the &quot;Bible&quot; of Revelation, there is a future prophecy, saying in a rectangle of land with 200 million soldiers in the race to the end of this battle will determine who holds the initiative in the world. On the common sense point of view, the earth is not so a large piece of land to accommodate 200 million soldiers, nor so many soldiers. Then suddenly realized the talent, rectangular piece of land is a computer display, the military is the world&#39;s 200 million population involved in financial operations, which came on the highlights the next three years, pushing the global financial war may gradually start to, as a global integration One of the important steps. The most advantage of the current financial operation is Jewish, financial operations will be the largest population is Chinese, the two will inevitably show some great competition. So, as Hua Renyi early preparations to meet it a test. Did write a poem, are provided for Humian. Ma spirit-by Jin Bo, Jewish superiority Stopped, Financial war three decades, Hua Renyi make early preparations to establish.
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